Florida

Key-Plaza_Key-West

Key West, Fla. — JLL has brokered the $74.5 million sale of Key Plaza Shopping Center, a 230,970-square-foot retail center located in Key West. Publix anchors the property. Other tenants include junior anchors OfficeMax and Dollar Tree. Manny DeZarraga, Danny Finkle, Eric Williams, Jorge Portela and Kim Flores of JLL represented the undisclosed seller in the transaction.

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Shoppers-Haven_Pompano-Beach-Fla

Pompano Beach, Fla. — Marcus & Millichap has arranged the $30 million sale of Shoppers Haven, a 205,567-square-foot shopping center in Pompano Beach. Built in 1964 and renovated in 1999, 2013 and 2023, the property will see the addition of a new Publix supermarket, with construction scheduled to begin over the next 30 days. The buyer, Stiles Corp., also plans to implement improvements to storefronts, façades, landscaping, the parking lot and signage. Tenants at the center include Michaels, Bealls, Walgreens, Party City, YouFit, Outback Steakhouse, Comcast, H&R Block, Domino’s Pizza and …

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Seattle — Seattle-based retailer Nordstrom has announced plan to open 26 new Nordstrom Rack stores. Openings are scheduled to begin this spring and continue through spring 2025. The sites of the new stores include locations in Arizona, California, Florida, Georgia, Illinois, Indiana, Nebraska, New Jersey, New York, North Carolina, Ohio and Texas.

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Office-Depot_Miami-Springs-Fla

Miami Springs, Fla. — Marcus & Millichap has brokered the $9.2 million sale of single-tenant retail property located in Miami Springs. Office Depot occupies the building on a triple-net-lease basis. Scott Sandelin of Marcus & Millichap represented the undisclosed seller, which acquired the property in 2012, in the transaction. Jorge Ruiz of Platinum Properties represented the undisclosed buyer.

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Lincoln-Road_Miami-Beach-Fla

Miami Beach, Fla. — Four new retailers have joined Lincoln Road, a retail development spanning eight blocks in Miami Beach. Food-and-beverage concepts OAKBERRY, Ladurée and Pizzeria Romana now occupy 560, 302 and 1,900 square feet at the center, respectively. Jewelry brand MAJORICA has also opened a 1,400-square-foot store at Lincoln Road. Additionally, eyewear retailer Oakley reopened at the property in February. 

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Shoppes-Lake-Mary_Lake-Mary-Fla

Lake Mary, Fla. — Cushman & Wakefield has arranged the sale of Shoppes of Lake Mary, a 74,234-square-foot shopping center located in Lake Mary, roughly 20 miles outside Orlando. Tenants at the property, which was 97 percent leased at the time of sale, include HomeSense, PNC Bank, Jeremiah’s Italian Ice and Gator’s Dockside. An entity related to Phillips Edison & Co. acquired the property for an undisclosed price. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an affiliate of Nuveen Real Estate, in the transaction.

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Sip-Fresh

Orlando, Sarasota and Tampa, Fla. — Beverage concept Sip Fresh has signed a franchise deal for the development of three new stores in Florida. Franchisee Ryan McGrail will own and operate the stores, which will be located in Orlando, Sarasota and Tampa. Sip Fresh also recently signed multi-unit deals throughout California. 

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Brickell-City-Centre_Miami

Miami — H&M has signed a 25,000-square-foot lease to occupy an anchor space at The Shops at Brickell City Centre (BCC) in Miami. Scheduled to open this year, the clothing retailer will occupy two levels at the property, which is the primary retail component of BCC, a 4.9 million-square-foot mixed-use project developed by Swire Properties that first opened in 2016. Saks Fifth Avenue anchors the development, which also features two residential towers, two office buildings and the EAST Miami hotel. Other retail tenants include Zara, Levi’s and Chanel Fragrance and Beauty …

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pncbank

Pittsburgh — PNC Bank plans to invest approximately $1 billion to open more than 100 new branches and renovate 1,200 existing locations by 2028. Expansion plans call for new locations in key cities such as Austin, Dallas, Denver, Houston, Miami and San Antonio, among others, to establish a coast-to-coast network. According to PNC Bank, the goal of the renovations is to create a better customer experience when conducting transactions or meeting with bankers to discuss financial goals. PNC Bank is a member of The PNC Financial Services Group Inc. (NYSE: PNC), …

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Palm-Plaza_Leesburg-Fla

Leesburg, Fla. — A joint venture between The Sembler Co. and Forge Capital Partners, doing business as Forge Real Estate Partners V LP, has acquired Palm Plaza, a 133,419-square-foot retail center located in Leesburg. Crosspoint sold the property for $17.8 million. Publix anchors the property, which was 92 percent occupied at the time of sale. Other tenants at the center include Planet Fitness, Popeyes, Quest Diagnostics, Rent-A-Center, Firehouse Subs, Core Health, OneMain Financial, T-Mobile and The UPS Store. Brad Peterson, Whitaker Leonhardt and Tommy Isola of Colliers represented the seller in …

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