Leesburg, Fla. — Legacy Realty Group Advisors has arranged the sale of Lake Harris Square, a 61,220-square-foot shopping center located in Leesburg. Winn Dixie anchors the property. Daniel Baruch and Ari Warshaw of Legacy arranged the $6.3 million transaction, with Robert Monahan of Island Associates Real Estate and Will Bingham and Matthew Bingham of Bingham Realty Inc.
Miami Beach, Fla. — Azora has purchased an 18,000-square-foot retail building in Miami Beach for $16 million. Azora acquired the property, which was fully leased at the time of sale, through its subsidiary Azora Exan. The buyer plans to maintain the current operation of the building, with gradual increases to rental rates.
Kaysville, Utah — Utah-based indoor pickleball brand The Picklr will open 80 new venues across eleven states, including Arizona, Colorado, Florida, Georgia, Illinois, Minnesota, Nevada, Tennessee, Texas, Utah and Wyoming. The facilities will be opened in partnership with 13 new franchisees. “With seven corporate owned facilities, our first-mover advantage has undeniably led to a high level of interest from well capitalized candidates across the entire country,” says Scott Schubiger, chief growth officer of The Picklr.
Pembroke Pines, Fla. —Terra has sold 16000 Pines Market, a 135,000-square-foot retail center located in Pembroke Pines, for $56 million. Situated on 13.2 acres and developed between 2020 and 2022, the property was fully leased at the time of sale. Publix anchors the center. Other tenants include Crunch Fitness, Burlington, First Watch Café, Verizon Wireless, Everglades Family Dental, Tropical Smoothie Café, Cheddar’s Scratch Kitchen, Jersey Mike’s Subs and MD-Now Urgent Care Center. The property also features two standalone parcels that house a U.S. post office and Regions Bank. Mark Gilbert and …
Tampa, Fla. — Marcus & Millichap has brokered the $7.3 million sale of a freestanding store located in Tampa. Publix occupies the 64,031-square-foot property on a net-lease basis. Situated on 6.3 acres, the store was built in 1977 as an Albertsons. Evan Cannan and Reid Thedford of Marcus & Millichap represented the seller, a private investor whose family has owned the land for nearly a century. Dean Zang, David Crotts, and Josh Ein of Marcus & Millichap procured the buyer.
Key West, Fla. —Orion Buying Corp. has acquired a 10,174-square-foot property located in Key West for $5.3 million. Walgreens occupies the building, which formerly housed the historic Strand Theater and also includes two residential apartments. Kevin Sanz of Orion Real Estate Group represented Orion Buying Corp., which is comprised of entities doing business as Limestone Ruby Raleigh LLC, Limestone Ruby Loganville LLC and Limestone Ruby Lithia Springs LLC. Brian Pfohl of CBRE represented the seller, Walgreens Co. Ocean Bank is providing financing for the transaction.
Miami, Fla. — Four restaurants will join the food-and-beverage lineup at Miami Worldcenter, a 27-acre, $6 billion mixed-use development currently underway in Miami. Serafina and Sixty Vines will lease 8,176 square feet and 8,672 square feet, respectively. NDM Hospitality Services will also open a dual-concept venue featuring BurgerFi and Anthony’s Coal Fired Pizza & Wings. Together, the two restaurants will occupy 3,835 square feet of space. Each of the restaurants is scheduled to open next year. CIM Group and The Comras Co. lead retail leasing efforts at the project.
Hialeah and Miami, Fla. — Limestone Asset Management and Orion Real Estate Group, doing business as Limestone Wells, have purchased two single-tenant, Walgreens-leased properties in Florida for $15.6 million. Located in Miami and Hialeah, the properties total 17,909 square feet and 14,490 square feet, respectively. Kevin Sanz of Orion represented the buyers in the all-cash transaction. Brian Pfohl of CBRE represented the seller, Walgreens Co.
St. Johns County, Fla. — PEBB Enterprises and Falcone Group have signed three new tenants to the retail and restaurant space at Beachwalk, a mixed-use project currently underway in St. Johns County. Starbucks Coffee, Fancy Sushi and Playa Bowls will occupy 2,500, 1,500 and 1,200 square feet, respectively. The new leases bring the retail and restaurant space at the development, which totals 170,000 square feet, to 55 percent occupancy. Other tenants at the project include Fysh Bar & Grill, Noire Nail Bar, F45 Fitness, BurgerFi, Supercuts, Kilwins, Bagels R Us, Island …
Tamarac, Fla. — Marcus & Millichap has brokered the $14.8 million sale of University Commons, an 80,224-square-foot shopping center located in Tamarac. Quince Supermarket anchors the property. Other tenants include Dunkin’ Donuts, Quest Diagnostics and Tire Choice. The buyer, an undisclosed New York-based private investor, purchased the center from a private investment firm based in Miami. Drew Kristol and Kirk Olson of Marcus & Millichap represented the seller in the transaction.
