St. Johns, Fla. — SRS Real Estate Partners has negotiated the $5.6 million sale of Beachwalk Shoppes, an 8,200-square-foot retail strip center located in St. Johns, a suburb of Jacksonville. The newly constructed retail center is part of the larger 1,200-acre mixed-use Beachwalk project currently under development. The property was fully leased at the time of sale to five tenants including Bagels R Us, Goin’ Postal, Fancy Sushi, Deca Dental and Playa Bowls. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a national development and investment firm, …
Tampa, Fla. — Avison Young has brokered the $5 million sale of Fountain Plaza, a 25,191-square-foot multi-tenant shopping center located at 2800 N. MacDill Ave. in West Tampa. Originally built in 2006, the center sits on nearly 2 acres. Michael T. Fay, John K. Crotty, David Duckworth, Brian C. de la Fé, Nick Robinson, Nick Mastro and Philip Shapiro of Avison arranged the sale on behalf of the seller, Brusa Inc., in the transaction. Additionally, Nick Mastro and Nick Robinson will lead leasing efforts for the buyer, Landmarc Realty.
Miami Gardens, Fla. — Core Palmetto, an affiliate of Core Investment Management, has sold Palmetto Plaza, a 186,095-square-foot retail center located in Miami Gardens, roughly 16 miles north of downtown Miami. The sales price was $46 million. ALDI and Dollar Tree anchor the property, which was more than 95 percent leased at the time of sale. Other tenants include The UPS Store, Dunkin’ Donuts, Regions Bank and Bright Star Academy. Built in 1987, the center sits on nearly 12 acres. Douglas Mandel and Zach Levine of Marcus & Millichap represented …
Miami — Marcus & Millichap has brokered the $4.6 million sale of a five-tenant retail strip center located at 6815 Biscayne Blvd. in Miami’s Modern District. Built in 2003, the 6,200-square-foot property has recently undergone improvements, such as a new roof and exterior renovations. Tenants include The UPS Store, OrthoNOW, ABB Waxing, Subway and Luna Pasta Dolci. Jonathan De La Rosa, Eddie Toledo, Drew A. Kristol and Kirk Olson of Marcus & Millichap’s Miami office, represented the seller, a company doing business as C&A Ltd. Liability Co., in the transaction. The buyer …
Winter Garden, Fla. — CBRE has brokered the sale of Winter Garden Village, a 629,326-square-foot power center located in Winter Garden, a western suburb of Orlando. The Orlando Business Journal reports that an affiliate of New York City-based RREEF Property Trust purchased the center for $165 million. Dennis Carson, Casey Rosen, Michael Etemad and Sriram Rajan of CBRE represented the seller, Beachwood, Ohio-based SITE Centers, in the transaction. Curbline Properties, an affiliate of SITE Centers, retained 130,563 square feet of single- and multi-tenant outparcels at Winter Garden Village. The retail …
St. Petersburg, Fla. — A joint venture between AEW Capital Management (AEW), Mack Real Estate Group (MREG) and Soundwater Properties (SWP) has acquired Disston Plaza, a 129,150-square-foot shopping center located in St. Petersburg. The sales price was $31.4 million, according to the Tampa Bay Business Journal. This transaction marks the second acquisition for the newly formed joint venture, which targets grocery-anchored retail centers in East Coast markets with purchase prices between $10 million and $50 million. Danny Finkle and Jorge Portela of JLL represented the seller. Publix anchors Disston Plaza, …
Orlando, Fla. — Colliers has negotiated the sale of the Shoppes at South Semoran, a 103,830-square-foot retail center located in Orlando, six miles directly north of the Orlando International Airport. Originally built in 1986, the property was renovated in 2013 with façade enhancements, as well as signage and parking lot improvements. Walmart Neighborhood Market anchors the property, which was 99 percent leased at the time of sale. Additional tenants include Dollar Tree, Wendy’s and Suncoast Credit Union. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, an affiliate of …
Florida and South Carolina — A joint venture between Bain Capital and 11North Partners has purchased a portfolio of 10 open-air retail centers in Florida and South Carolina for $395 million. The properties — which are located across the submarkets of Fort Lauderdale, Orlando, Tampa, Palm Beach and Charleston — include Sawgrass Square, Plantation Promenade, Miramar Commons, Rolling Oaks, Promenade at Poinciana, Solivita Marketplace, New Tampa Center, Lake Worth Plaza, Garden Shops at Boca and Point Hope Commons. The acquisition spans more than 1 million square feet and follows the …
Fort Myers, Fla. — DLC has been selected to provide management services for Bell Tower Shops, a 365,000-square-foot open-air lifestyle center located in Fort Myers. Elmsford, New York-based DLC will lead the property’s leasing and day-to-day operations as part of its third-party management portfolio. The Fresh Market, Nordstrom Rack, Dave & Buster’s and Regal Cinemas anchor the property. Other tenants include Ulta Beauty, Sunglass Hut, Talbots, The Capital Grille, Tap 42, Daruma Japanese Steakhouse and McGregor’s Public House. The center was renovated in 2018 with improvements such as redesigned storefronts, …
Miramar, Fla. — Berger Commercial Realty has negotiated the $34 million sale of Miramar Parkway Plaza, a 159,628-square-foot retail center in Miramar near Hard Rock Stadium. Located at 3102-3300 University Drive, Presidente Supermarket anchors Miramar Parkway Plaza, which sits on roughly 14 acres. Additional tenants include McDonald’s, Foot Locker, AutoZone, Subway, Moby’s and Little Caesar’s. The center includes multiple outparcels and a second-story office component, as well as a recently constructed 10,000-square-foot retail component. Lawrence Oxenberg of Berger Commercial represented the buyer, LSG2 Miramar Parkway Plaza LLC, an affiliate of Longpoint …