West Kendall, Fla. — MMG Equity Partners is under contract to acquire a 5.1-acre site within Kendall Town Center, a 70-acre master-planned community in West Kendall. The project, called The Shops at Kendall Town Center, will feature 35,810 square feet of restaurants and shops and 4,321 square feet of outdoor terrace space. The developer has submitted plans to Miami-Dade County and is currently seeking administrative site plan approval. The site is located at the intersection of North Kendall Drive (SW 88th Street) and Southwest 158th Avenue. MMG has selected Ed …
Lutz, Fla. — SRS Real Estate Partners has brokered the $6.6 million ground lease sale of two adjacent retail properties located at 18640 and 18710 Fla. Highway 54 in Lutz, a northern suburb of Tampa in Hillsborough County. Dutch Bros and Fifth Third Bank occupy the two newly developed properties on triple-net leases, with 15 and 20 years remaining on their terms, respectively. Patrick Nutt and William Wamble of SRS represented the seller, an Atlanta-based development and investment group, in the portfolio transaction. The Tampa-based buyer purchased both properties in …
Palm Beach Gardens, Fla. — DLC and Principal Asset Management have acquired Legacy Place, a 419,963-square-foot lifestyle center located in the South Florida city of Palm Beach Gardens. Lone Star Funds, who purchased the property in 2021, is expected to have sold the property for more than $100 million, according to the South Florida Business Journal. Legacy Place was 93 percent leased at the time of sale and features a mix of over 75 retailers, restaurants and entertainment venues. Tenants include Capital Grille, Eddie V’s, Best Buy, Michaels, Aritzia, Madewell, Shake …
Sarasota, Fla. — Torburn Partners, a real estate development and investment firm based in Chicago, and leasing and placemaking partner Jamestown are moving forward with Sarasota Square, a mixed-use redevelopment of the former Sarasota Square Mall. The mixed-use development spans nearly 100 acres at the corner of South Tamiami Trail and Beneva Road in Sarasota. Sarasota Square Mall originally opened in September 1977 and closed in December 2024. Phase I of the project, which is expected to be delivered in the first quarter of 2027, will introduce approximately 90,000 square …
Fort Myers, Fla. — JLL has arranged the sale of Daniels Crossing, a 110,780-square-foot neighborhood center located in Fort Myers. Danny Finkle and Jorge Portela of JLL represented the seller, a joint venture between Forge Capital Partners and The Sembler Co. Publix Super Markets was the buyer. The property, which is anchored by a newly redeveloped Publix, was fully leased at the time of sale. Additional tenants include Quest Diagnostics, Hope Chest Hospice, Millennium Physician Group and The UPS Store.
Altamonte Springs, Fla. — 11North Partners has acquired West Town Corners, a 285,497-square-foot retail center located in Altamonte Springs, roughly 16 miles north of Orlando. Winn-Dixie anchors the property, which features a mix of additional tenants including PetSmart, T.J. Maxx, Five Below, Panera Bread, Bath & Body Works, Crumbl Cookies and American Signature Furniture. Danny Finkle and Jorge Portela of JLL represented the seller in the transaction. Washington Prime Group sold the property for $59.5 million, according to several media outlets.
Longwood, Fla. — Cushman & Wakefield has negotiated the sale of the Shoppes of Sweetwater, a 64,253-square-foot Publix-anchored center located in Lakewood, roughly 15 miles north of Orlando. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity doing business as Shoppes of Sweetwater Inc. Washington, D.C.-based Graphite Real Estate was the buyer. The property, which was 94 percent leased at the time of sale, features a mix of tenants such as CVS Pharmacy, The Hummus Corner, Li’s Garden Chinese Restaurant, Aca-Pulquito Cocina Mexicana, …
The Villages, Fla. — Benderson Development, in a collaboration with The Villages, has announced plans to develop Legacy Place, a 700-acre mixed-use development in Central Florida. The project will be situated along three miles of Florida’s Turnpike near County Road 470 and Central Parkway and serve as the southern gateway to The Villages master-planned community. A new 25-acre hospital operated by Florida-based AdventHealth will anchor Legacy Place, serving communities across Sumter, Lake and Marion counties, including residents within The Villages. Construction on the 80-bed hospital, which will have emergency and surgical …
Gainesville, Fla. — Katz & Associates has brokered the $2.9 million ground lease sale of a single-tenant restaurant property located in Gainesville. Situated at 3984 SW. 43rd St., the 8,392-square-foot building is occupied by Texas Roadhouse. Michael Zimmerman of Katz & Associates represented the seller in the transaction. Chris Lind of Marcus & Millichap represented the buyer.
Orlando, Fla. — Tavistock Development has signed leases with four new tenants to join Lake Nona West, a walkable, 405,000-square-foot shopping center underway in the Lake Nona master-planned community in Orlando. The 54-acre, Target-anchored shopping center is set to debut next month. New retailers joining the development include Drybar, Just Salad, Gloss Nail Co. and Kilwins Ice Cream. Previously announced tenants at Lake Nona West include Homesense, Barnes & Noble, Dick’s Sporting Goods, Golf Galaxy, Total Wine & More, JETSET Pilates, Nordstrom Rack, Sephora and Canonita, a Mexican restaurant.
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