Florida

Shopper's Haven

Pompano Beach, Fla. — A partnership between Stiles and FCA Partners has completed the redevelopment of Shopper’s Haven, a 200,144-square-foot retail center in Pompano Beach, roughly 10 miles north of Ft. Lauderdale. A new Publix Supermarket — which opened June 26 — anchors the center. Hawkins Construction served as the project’s general contractor, while Dunphy Development provided additional development and construction management services. First Horizon Bank provided financing for both the acquisition and redevelopment. Redevelopment of the site featured ground-up construction of the new Publix, along with upgrades to the property’s exterior, …

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Six Gun Plaza

Ocala, Fla. — Atlantic Commercial Group has arranged the $14.3 million sale of Six Gun Plaza, a 222,000-square-foot shopping center located in Ocala. Situated along East Silver Springs Blvd., the property is anchored by Bealls, Ross Dress For Less, Shoe Dept. and Dollar General. Additional tenants include Boots Barbershop, Firehouse Subs, Collector’s Paradise, Outback Steakhouse and Elite Nail. Six Gun Plaza was held by the previous owner for more than 30 years. Gary Broidis of Delray Beach-based Atlantic Commercial Group represented the seller, an entity doing business as Six Gun …

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Whole-Foods_Wells-Fargo_Miami-Beach

Miami Beach, Fla. — Ocean Bank has provided a $54 million construction loan for a retail development in Miami Beach. The borrower, 1901 Alton Property LLC, an affiliate of developer Russell Galbut and his daughter Marisa Galbut, is developing a commercial building that will house a 40,883-square-foot Whole Foods Market, a 4,000-square-foot Wells Fargo bank branch and 271 parking spaces. Jorge Hernandez of Ocean Bank originated the financing on behalf of the borrower, which has been doing business with Ocean Bank for 35 years. Details of the loan and the …

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11850-Biscayne-Blvd

Miami — Marcus & Millichap has brokered the $6.1 million sale of a 15,172-square-foot retail strip center located at 11850 Biscayne Blvd. in Miami. A CVS pharmacy, which has fewer than 10 years remaining on its lease, anchors the property. The center was originally built in 1994. Jonathan De La Rosa procured the buyer in the transaction. 

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Esplanade at Aventura

Aventura, Fla. — Seritage Growth Properties has signed leases with 17 new tenants at Esplanade at Aventura, its 215,000-square-foot mixed-use development located in the northeastern Miami suburb of Aventura. Retail and restaurant concepts including The Salty, If So, Chip City and The Shade Store recently opened at the property, while Tremble, Bank of America and Hästens will open this summer. Pura Vida Miami, Salt & Straw, Starbucks Coffee, Wairua Beauty and Next Health are expected to open this fall. Additional stores that will be arriving later in the year include 7th …

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Pinecrest Square

Fort Lauderdale, Fla. — Native Realty has brokered the $10.3 million sale of Pinecrest Square, a 40,409-square-foot shopping center located in the Fort Lauderdale neighborhood of Cypress Creek. Tenants at the property include ChenMed, 7-Eleven, Jiffy Lube, Cheers Food and Spirits and Veterinary Emergency Group. Available spaces at the center range from 1,200 square feet to 4,000 square feet, with an available 1,000-square-foot medical office space. Jaime Sturgis of Native Realty represented the buyer, an entity doing business as 903 Cypress Creek LLC, in the transaction. An entity operating as …

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CityPlace Doral

Doral, Fla. — JLL Capital Markets has negotiated the $87.5 million sale of CityPlace Doral, a 235,096-square-foot mixed-use development located in Doral, roughly 13 miles west of downtown Miami. Completed in 2017, the seven-building center is situated on 17.6 acres. Tenants at the property — which was 82 percent leased at the time of sale — include The Fresh Market, CMX CinéBistro, Anatomy Fitness, Novecento, Cooper’s Hawk, Carrot Express and Tap 42 Craft Kitchen & Bar. The site also features two parking garages and a luxury residential property that was not …

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Palm Bay Center

Palm Bay, Fla. — Marcus & Millichap has brokered the sale of Palm Bay Center, a 135,049-square-foot retail center located along Florida’s Space Coast in Palm Bay. Publix anchors the property, which has operated at this location for more than 40 years. The center was 35 percent leased to additional tenants including Broken Barrel, Family Dollar, Save A Lot and Citi Trends at the time of sale. Palm Bay Center is situated on roughly 12 acres. Tarek Chbeir of Marcus & Millichap, in collaboration with Adam Sklaver and Philip Kates …

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Davenport, Fla. — Colliers has arranged the $63.5 million sale of Posner Commons, a 731,000-square-foot regional shopping center located in Davenport, roughly 25 miles southwest of Orlando. Target and a newly constructed BJ’s Wholesale Club shadow anchor the property, which was 95.5 percent leased at the time of sale. Other tenants at the center include JCPenney, Dick’s Sporting Goods, Cinépolis, Best Buy, Ross Dress For Less, Ashley Furniture, Michaels, Staples, PetSmart, Books-A-Million and Dollar Tree. Situated seven miles from Walt Disney World, the property spans 91 acres. Brad Peterson, Whitaker …

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Barclay Square Shopping Center

Greenacres, Fla. — Atlantic Commercial Group has arranged the $11.3 million sale of Barclay Square Shopping Center, a 78,000-square-foot retail center located in Greenacres. Situated at the intersection of 10th Ave. N. and Jog Road, the property is anchored by Tapatia Supermarket. Additional tenants include State Farm, Bicycle World, CVS Pharmacy, PPG Paint and Keller Williams Realty. This transaction marks the first time Barclay Square Shopping Center has been sold in 25 years. Gary Broidis of Delray Beach-based Atlantic Commercial Group represented the seller in the transaction. West Palm Beach-based Strategic …

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