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Palm-Breeze-Plaza_Jensen-Beach-Fla
FloridaGrocery-anchoredInvestment salesNews

Plaza Advisors Arranges Sale of 48,110-Square-Foot Shopping Center in South Florida

by Hayden Spiess

Jensen Beach, Fla. — Plaza Advisors has arranged the sale of Palm Breeze Plaza, a 48,110-square-foot shopping center located in Jensen Beach. Winn-Dixie anchors the property, which was fully leased at the time of sale. Other tenants at the center include Winn-Dixie Liquor, Domino’s, Carquest and St. Lucie Medical Specialists. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the seller, FrostPoint Capital, in the transaction. FrostPoint acquired Palm Breeze Plaza in 2020 and completed extensive renovations at the property. 

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Robbinswood-Plaza_Gainesville-Fla
FloridaInvestment salesNews

Marcus & Millichap Brokers $6.5 Million Sale of Robbinswood Plaza in Florida

by Hayden Spiess

Gainesville, Fla. — Marcus & Millichap has brokered the $6.5 million sale of Robbinswood Plaza, a 13,218-square-foot retail center located in Gainesville. Tenants at the property, which was fully leased at the time of sale, include Chipotle Mexican Grill and Trulieve. Reid Thedford and Evan Cannan of Marcus & Millichap arranged the transaction on behalf of the undisclosed seller. 

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River-Landing-Shops-Residences_Miami
FloridaLeasingNews

Eight Tenants Join River Landing Shops & Residences in Miami

by Hayden Spiess

Miami —Eight new tenants have signed leases at River Landing Shops & Residences, a mixed-use development featuring 360,000 square feet of commercial space in Miami. Claire’s has opened an 870-square-foot store, and Ceci Spa Hair and Nails and Divine Lash have both opened in 1,030-square-foot spaces. Additionally, Miami Optical, Suite Svn, Anything is Everything and White Coat Beauty now occupy 1,200; 5,805; 2,000; and 1,078 square feet, respectively. Carrot Express has also signed a 2,012-square-foot lease at the property. Urban-X Group is the developer and landlord. Retail space at the development …

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EoS_Lutz-Fla
FloridaInvestment salesMixed-useNet leaseNews

SRS Arranges $13.6 Million Sale of 42,311-Square-Foot Single-Tenant Property in Lutz, Florida

by Hayden Spiess

Lutz, Fla. — SRS Real Estate Partners has arranged the $13.6 million sale of a 42,311-square-foot single-tenant retail property in Lutz. EoS Fitness occupies the building on a 15-year triple-net lease. Situated on 3.9 acres, the property is located within Cypress Ranch, a 164-acre mixed-use development. Upon completion, Cypress Ranch will feature 11 freestanding retail parcels. Tenants at the parcels will include Chick-fil-A, ALDI and Panda Express. Patrick Nutt and William Wamble of SRS represented the seller, Barclay Group. A California-based buyer acquired the property in a 1031-exchange transaction. 

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DevelopmentFloridaMixed-useNews

Lionheart, Leviathan and Well Duo to Develop 56,500-Square-Foot Mixed-Use Project in Miami

by Hayden Spiess

Miami — Lionheart Capital, Leviathan Development and Well Duo will develop a new mixed-use project in Miami. Dubbed MIRAI Design District, the development is designed by architect Kengo Kuma, marking the first mixed-use project in the country for Kengo Kuma and Associates (KKAA). Upon completion, the property will comprise 15,500 square feet of ground-floor retail space across 17 units, with roughly 41,000 square feet of office space on the second and third floors. Construction is scheduled to begin in summer 2024, with completion anticipated by the end of 2025. 

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Linton-Commons_Delray-Beach-Fla
FloridaInvestment salesNews

Benderson Acquires 85,000-Square-Foot Retail Center in Delray Beach, Florida

by Hayden Spiess

Delray Beach, Fla. —Benderson Development has acquired Linton Commons, an 85,000-square-foot retail center located in Delray Beach. Tenants at the property include RH Outlet, Guitar Center, PetSmart, Chipotle Mexican Grill and AT&T. Benderson’s portfolio in the state also includes a freestanding Publix Super Market in Pompano Beach, which was acquired in August, and a Publix-anchored shopping center in Englewood. Matt Berres, Samer Khalil and Karick Brown of Newmark represented the seller and procured the buyer in cooperation with Bert Sanders of Newmark.

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Sports-Entertainment_Orlando
DevelopmentFloridaMixed-useNews

Joint Venture Develops Plans, Renderings for $500 Million Mixed-Use Development in Downtown Orlando

by Hayden Spiess

Orlando, Fla. — A joint venture between SED Development LLC, JMA Ventures LLC and Machete Group Inc. has developed plans and renderings for a new mixed-use development in downtown Orlando. The project, dubbed the Orlando Sports + Entertainment District, will comprise 900,000 square feet situated on 8.5 acres adjacent to Amway Center, the home arena for the NBA’s Orlando Magic. The Orlando Sentinel reports the project will cost roughly $500 million to develop. In addition to hotel, residential and office space, the development will feature 100,000 square feet of shops and restaurants and …

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Crescent-City-Plaza
FloridaGrocery-anchoredInvestment salesNews

CrossMarc Services Acquires 47,945-Square-Foot Shopping Center in Florida

by Hayden Spiess

Crescent City, Fla. — CrossMarc Services LLC has purchased Crescent City Plaza, a 47,945-square-foot shopping center located in Crescent City, for $2.7 million. Built in 1974 and remodeled in 2019, the property is leased to tenants including Save-A-Lot and Family Dollar. Situated on 7.6 acres, the center also features a parcel for future outparcel development. Jimmy and Leo Island Properties was the seller. CrossMarc Services will handle leasing and management at the property.

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Hernando West Plaza
DevelopmentFloridaGrocery-anchoredNews

Sembler, Forge Capital Complete $13.3 Million Redevelopment of Hernando West Plaza in Florida

by Hayden Spiess

Spring Hill, Fla. — A joint venture between the Sembler Co. and Forge Capital Partners has completed a $13.3 million redevelopment of Hernando West Plaza, a retail center located in Spring Hill. The partnership, dubbed Forge Real Estate Partners IV, acquired the property in 2020 before commencing the 11-month redevelopment project. Construction included the demolition of an existing 46,000-square-foot grocery store and 9,800 square feet of inline shop space, originally built in 1980. A new 45,000-square-foot grocery storefront has been constructed, as well as an adjacent 3,200 square feet of shop …

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