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DevelopmentFloridaNews

Konover South Breaks Ground on 23,000-Square-Foot Retail Center in Southeast Florida

by Hayden Spiess

Westlake, Fla. —Konover South has broken ground on Shoppes of Westlake Landings in Westlake, in the southeastern part of the state. Upon completion, the 23,000-square-foot development will comprise two multi-tenant shopping centers and a pod of quick-service restaurants. Konover acquired the property from Minto Communities in 2021. MEC Construction is serving as general contractor. Tenants that have signed leases at the center include Starbucks Coffee, KFC, Taco Bell, Habit Burger, 3Natives, Heartland Dental, Verizon Wireless, Go Green Cleaners and Orange Theater.

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Sams-Club_Fayetteville
ArkansasCompany newsFloridaNews

Sam’s Club to Open More Than 30 New Stores, Five Fulfillment Centers in the United States

by Hayden Spiess

Bentonville, Ark. — Sam’s Club, a division of Walmart Inc., plans to open more than 30 new locations across the United States over the next several years. The first store, which is planned for an undisclosed Florida city, is scheduled to open in 2024. The new clubs will span approximately 160,000 square feet, which is larger than most current locations. Most new stores will feature a seafood/sushi island, full-service floral shop and walk-in dairy and fresh coolers, as well as a larger healthcare space featuring a patient waiting area, health …

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Zaxbys-Clermont-Fla
FloridaInvestment salesNet leaseNewsRestaurants

Metro Orlando Restaurant Property Trades Hands in $3.3 Million Sale

by Hayden Spiess

Clermont, Fla. — A single-tenant restaurant property located in Clermont, approximately 25 miles west of Orlando, has been sold for $3.3 million. The building is occupied by Zaxby’s on a net-lease basis. Dominic Sulo and Benjamin Bach of Marcus & Millichap arranged the 15-year sale-leaseback on behalf of the seller, an undisclosed limited liability company. The team also secured and represented the buyer, a Texas-based LLC. Ryan Nee, Florida broker of record, assisted in closing the transaction.

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Parkway-Village-St-Augustine-Fla
FloridaGrocery-anchoredInvestment salesNews

JLL Brokers $24.1 Million Sale of Retail Center in St. Augustine, Florida

by Hayden Spiess

St. Augustine, Fla. — JLL Capital Markets has arranged the $24.1 million sale of Parkway Village at St. Johns, a 52,070-square-foot retail center located in St. Augustine. Danny Finkle, Alex Sharrin, Eric Williams, Jorge Portela, Jeff Cicurel and Kim Flores of JLL brokered the sale on behalf of the developer and seller, a joint venture between Stiles Corp. and Cantrell & Morgan. Built in 2022, the property was fully leased at the time of sale. A 52,070-square-foot Publix anchors the center. Other tenants include Supercuts, Orange Theory Fitness and The …

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DalMoros-Fresh-Pasta-To-Go
FloridaLeasingNewsRestaurants

DalMoros Fresh Pasta to Open Two South Florida Locations Totaling 1,836 Square Feet

by Hayden Spiess

Delray Beach and West Palm Beach, Fla. — DalMoros Fresh Pasta To Go, a restaurant specializing in made-from-scratch pastas and tiramisu, will open two new locations in Delray Beach and West Palm Beach comprising 1,436 and 400 square feet, respectively. The West Palm Beach store will offer to-go service, with the Delray Beach store featuring delivery, takeout and some outdoor seating. DalMoros also plans to open a restaurant in downtown Orlando later this year.

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Governors-Marketplace_Tallahassee
FloridaInvestment salesNews

GBT Realty Sells Power Retail Center in Tallahassee for $34 Million

by Hayden Spiess

Tallahassee, Fla. — GBT Realty has sold Governor’s Marketplace, a 243,000-square-foot power retail center located on a 34.7-acre site in Tallahassee. The buyer, an undisclosed private investor, purchased the property for $34 million. Brad Peterson of JLL represented GBT in the transaction. The shopping center was 96 percent leased at the time of sale to tenants including Marshalls, Michaels, Urban Air, Old Navy, Ulta Beauty, Petco and David’s Bridal. The center had 10,000 square feet of space available at the time of sale. Also included in the sale was a …

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Guitar-Center-Naples
FloridaLeasingNews

Guitar Center Opens 300th Store with 15,000-Square-Foot Location in Naples, Florida

by Hayden Spiess

Naples, Fla. — Guitar Center has opened a 15,000-square-foot store at the Gateway Shoppes in Naples, marking the 300th location for the brand. The location will feature Guitar Center’s latest design, including a lessons facility, rental department and hands-on DJ experience. Owned by Benderson Development, Gateway Shoppes is located at 13585 Tamiami Trail N. Bruce Shepard of The Shopping Center Group (TSCG) arranged the lease on behalf of Guitar Center.

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Livingston-Market-Place-Lutz-Fla
FloridaGrocery-anchoredInvestment salesNews

Fairway Purchases 64,441-Square-Foot Shopping Center in Tampa Suburb

by Hayden Spiess

Lutz, Fla. — Fairway Investments has acquired Livingston Market Place, a 64,441-square-foot shopping center located in the northern Tampa suburb of Lutz. Situated on 32.8 acres, the property is anchored by Publix. Other tenants at the center, which was completed in 2022 and fully leased at the time of sale, include Heartland Dental, Papa Johns, Prime Barber and 40 Thieves Irish Pub. Bryan Belk and John Tennant of Franklin Street arranged the sale on behalf of the seller/developer, a partnership between Dunphy Development and Batson-Cook Development.

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FloridaInvestment salesMixed-useNews

Cushman & Wakefield Arranges $15 Million Sale of Mixed-Use Property in Palm Beach

by Hayden Spiess

Palm Beach, Fla. — Cushman & Wakefield has brokered the sale of a mixed-use property comprising one two-story, 30,648-square-foot building in Palm Beach. Scott O’Donnell, Mike Ciadella, Dominic Montazemi, Miguel Alcivar and Greg Miller of Cushman & Wakefield represented both the buyer and seller in the $15 million transaction. An entity doing business as 15650 and 15700 Don Julian Road LLC purchased the property from an entity doing business as 2875 S. Ocean Boulevard LLC. The building, which was built in 1982 and was 87 percent leased at the time …

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Tradewinds-Shopping-Center-Pensacola
FloridaInvestment salesNews

Cullinan Properties Acquires Tradewinds Shopping Center in Pensacola, Florida for $25 Million

by Hayden Spiess

Pensacola, Fla. — Cullinan Properties has acquired Tradewinds Shopping Center, a retail center located in Pensacola, for $25 million. Totaling 178,000 square feet, the property was 95 percent leased at the time of sale. A TJ Maxx/HomeGoods combination store anchors the center, along with Jo-Ann Fabrics and Shoe Station.

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