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.
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 …
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), …
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 …
Miami — Villa One Tequila will open a 12,294-square-foot Villa One Tequila Gardens restaurant at the Miami Worldcenter in downtown Miami. Scheduled to open in 2025, the venue will feature more than 150 tequila and mezcal options and Mexican cuisine in a rooftop space. Other tenants scheduled to join the $6 billion, 27-acre mixed-use development include Starbucks Coffee, Earls Kitchen + Bar, Sports & Social, Sixty Vines and Bowlero.
Pinecrest, Fla. — Limestone Asset Management and Orion Real Estate Group have completed the $5 million renovation of Pinecrest Town Center, a 225,255-square-foot mixed-use property located in the south Miami suburb of Pinecrest. Renovations at the property, which features retail and office space, included upgrades to the façade and storefronts, the installation of impact windows, improved lighting and the addition of a rooftop parking area. General contractor Tim Majors of Suncon Inc. and architect Bruce Arthur of WHA Design led the project. Pinecrest Town Center was 90 percent leased at the …
Winter Park, Fla. — SRS Real Estate Partners has brokered the $7.7 million sale of a 29,987-square-foot single-tenant retail property located in Winter Park, a suburb of Orlando. Crunch Fitness occupies the property, which is situated on 3.7 acres, on a 15-year triple-net lease. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based investment and development group, in the transaction. The buyer was a Florida-based private investor.
Aventura, Fla. — Cushman & Wakefield has arranged the sale of Aventura Plaza, an 89,883-square-foot mixed-use property in Aventura, a suburb of Miami. The property, which was 92 percent leased at the time of sale, comprises a shopping center and a two-story office building. Tenants at the center include Ace Hardware and a recently opened grocery store, Plum Market, that replaced a former Office Depot. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity doing business as Aventura Plaza Partners, which has owned and …
Holiday, Fla. — Graphite Real Estate has purchased Holiday Centre, a 67,035-square-foot shopping center located in Holiday, a northern suburb of Tampa. Graphite acquired the property for $9.9 million. Publix anchors the center, which was 98 percent leased at the time of sale. Other tenants include Planet Fitness, Publix Liquors and Bright Now Dental. Ari Ravi of RIPCO Investment Sales represented the undisclosed seller in the transaction, and RGA Reinsurance Co. originated acquisition financing on behalf of Graphite.
Wesley Chapel, Fla. — Ryan Cos. has opened a new Publix grocery store, which will serve as the anchor tenant of Innovations Commons, a retail center situated within the 900-acre Epperson Ranch master-planned development in Wesley Chapel. In addition to Innovations Commons, Epperson Ranch will feature single-family homes, a 200-room hotel and apartments. Innovation Commons will also include three outparcel developments for additional retail, restaurants and professional services.
