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Legends Pointe
FloridaInvestment salesMixed-useNews

Marcus & Millichap Brokers $11.3 Million Sale of Mixed-Use Property in Clermont, Florida

by Abby Cox

Clermont, Fla. — Marcus & Millichap has brokered the $11.3 million sale of Legends Pointe, a two-building mixed-use retail and medical office property located in Clermont, approximately 22 miles west of Orlando. Originally built in 2006, the recently renovated property is situated on 4.3 acres and totals 47,418 square feet. Legends Pointe comprises 18 office suites and 10 retail units. Yassin Benkabbou and Salim Valiani of Marcus & Millichap’s Orlando office, represented the seller, a local LLC, in the transaction.  

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FloridaInvestment salesNews

Franklin Street Arranges $86.3 Million Sale of Retail Portfolio in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — Tampa-based Franklin Street has arranged the sale of a six-property retail portfolio in Jacksonville for $86.3 million. Curbline Properties Corp. (CURB) was the buyer. The deal marks CURB’s largest acquisition to date. The portfolio totals 184,680 square feet and includes Carrie Plaza, Deerwood Station, Julington Square, Southlake Plaza, Roosevelt Plaza and Oakleaf Crossing. Bryan Belk and John Tennant of Franklin Street represented the seller, a local private investor, in the transaction.

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Wawa
FloridaInvestment salesNews

SRS Brokers $4.9 Million Sale of Retail Property in Davie, Florida

by Abby Cox

Davie, Fla. — SRS Real Estate Partners has brokered the $4.9 million ground lease sale of a Wawa convenience store property located in Davie, roughly 24 miles north of Miami. Built in 2016, the Wawa property totals 5,636 square feet and operates on a corporate-guaranteed lease. A South Florida-based development and investment firm sold the property to a private investor from South Florida in a 1031 exchange. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller in the transaction.

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Company newsDevelopmentFloridaNews

World Market to Open 18,369-Square-Foot Store in Sarasota, Florida

by Abby Cox

Sarasota, Fla. — World Market will open an 18,369-square-foot store in Sarasota. Located in the Sarasota Pavilion Shopping Center, the new store will mark World Market’s 14th location in the state of Florida. The specialty retailer is known for its assortment of furniture, home décor, imported rugs and curtains, as well as its selection of candy, beverages and international food products. The grand opening will be held on Friday, February 28.

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CaliforniaCompany newsFloridaNews

Industry Veterans Launch CrownPoint Partners Real Estate Brokerage

by Abby Cox

Newport Beach, Calif. and West Palm Beach, Fla. — Industry veterans Julius Swolsky, Shannon Bona and Don Bingham have launched CrownPoint Partners, a national brokerage and advisory firm focused on net-lease and sale-leaseback transactions across retail, industrial, office, medical and special-purpose sectors. The company will offer services including investment sales and acquisitions, sale-leasebacks and strategic analyses. Swolsky, Bona and Bingham have closed over $3 billion in sales volume across 750 transactions nationwide in the plast five years with their former company, Graystone Capital Advisors. CrownPoint Partners is headquartered in Newport …

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Narcoossee Cove
FloridaInvestment salesLeasingNews

Colliers Arranges Sale of Retail Property in Orlando, Florida for $31 Million

by Abby Cox

Orlando, Fla. — Colliers has arranged the sale of the Narcoossee Cove retail complex to five different buyers for a total of approximately $31 million. Completed in 2024 and situated on 7.7 acres, the property consists of six retail outparcels comprising 36,100 square feet. The transactions include Miller’s Ale House, Fifth Third Bank, Discount Tire, Raising Cane’s and two multi-tenant retail strip centers. Additionally, a roughly 1-acre parcel of land located between Miller’s Ale House and Discount Tire was sold. Michael Brewster and Tommy Isola of Colliers’ Orlando office represented …

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FloridaGrocery-anchoredInvestment salesNews

IPA Brokers $24 Million Sale of Shopping Center in Tallahassee

by Abby Cox

Tallahassee, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $24 million sale of Westend Square, a 152,335-square-foot shopping center in Tallahassee. Renovated in 2022, Aldi shadow-anchors the center. Tenants at the property — which was 98 percent leased at the time of sale — include Five Below, Planet Fitness, Pet Supermarket, Aaron’s Rent To Own, Little Caesars Pizza, the U.S. Post Office and Citi Trends. Douglas Mandel of IPA represented the seller, Steven Leoni, and procured the buyer, New York-based Milbrook Properties, in …

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Telecom Village
FloridaInvestment salesNews

SRS Real Estate Brokers $4 Million Sale of Multi-Tenant Retail Property in Metro Tampa

by Abby Cox

Temple Terrace, Fla. — SRS Real Estate Partners has brokered the $4 million sale of Telecom Village, a 6,323-square-foot multi-tenant retail property in the Tampa suburb of Temple Terrace. The property — which sits on roughly 1.1 acre — was fully leased at the time of sale by four tenants including Foxtail Coffee Co., Zoom Tan, Hummus Republic and Barberitos. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based private investor, in the transaction. The buyer was a Tampa-based private investor who purchased the property with a …

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Blue Grotto Plaza
FloridaInvestment salesNews

Marcus & Millichap Facilitates $8.4 Million Sale of Retail Center in Miami

by Abby Cox

Miami — Marcus & Millichap has facilitated the $8.4 million sale of Blue Grotto Plaza, an 11,890-square-foot retail center located in Miami. Built in 1973 and renovated in 2023, the multi-tenant property features a mix of service-oriented businesses and food-and-beverage tenants, including 10 retail spaces and 68 parking spaces. Jonathan De La Rosa and Matthew Albregts of Marcus & Millichap marketed the property on behalf of the seller, Minkin Enterprises Inc., and procured the buyer, OMAC Real Estate LLC, in the transaction.

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FloridaInvestment salesNewsPower centers

Sagard Real Estate Sells 335,995-Square-Foot Retail Power Center in Altamonte Springs, Florida

by Abby Cox

Altamonte Springs, Fla. — Denver-based Sagard Real Estate (formerly Everwest Real Estate Investors) has sold Marketplace at Altamonte, a 335,995-square-foot retail center located in Altamonte, roughly 16 miles outside Orlando. According to the Orlando Business Journal, an entity associated with Centro Property Management LLC, purchased the property for $28.9 million from Sagard’s core equity fund. The center was 55 percent occupied at the time of sale with tenants including Burlington, Ross Dress for Less and Total Wine & More. Sagard originally acquired the center in 2005.

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