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FloridaGrocery-anchoredInvestment salesNews

Island Associates Brokers $6.3 Million Sale of Retail Center in Metro Orlando

by Hayden Spiess

Leesburg, Fla. — Island Associates Real Estate has brokered the $6.3 million sale of Lake Harris Square Plaza, a retail center located in Leesburg, roughly 45 miles outside Orlando. Winn-Dixie anchors the 9.8-acre property, which recently saw the addition of a 61,220-square-foot building. Other tenants at the center include Beef O’Brady, Brooklyn’s Pizzeria & Italian Restaurant, Subway and Seafood Shack. Roger Delisle of Island Associates represented the buyer, and Daniel Baruch of Legacy Realty Group represented the seller. 

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Company newsFloridaNewsPennsylvaniaRestaurants

Bagels & Co. to Open 20 Stores in Florida and Pennsylvania

by Hayden Spiess

Philadelphia — Philadelphia-based brand Bagels & Co. has announced plans to open 20 new stores throughout Florida and Pennsylvania. Scheduled to open by 2024, the shops will offer bagel and cream cheese varieties, as well as other deli fare. Restaurant group Glu Hospitality owns the brand, which currently operates four outposts in Philadelphia, with three new stores scheduled to open in the city this year. New locations will also include Fort Lauderdale and Wilton Manors in South Florida. 

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The Shoppes at Black Diamond
DevelopmentFloridaNews

Ferber Underway on 29-Acre Retail Center in Florida

by Hayden Spiess

Lecanto, Fla. — The Ferber Co. is underway on the development of a 29-acre retail center in Lecanto. Site work for the property, dubbed The Shoppes at Black Diamond, began in October 2022. Building construction is scheduled to commence over the coming weeks, with openings expected to begin in early 2024. Tenants at the center will include Target Supercenter, Aldi, Starbucks Coffee, 7-Eleven, Panera Bread and Texas Roadhouse. 

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FloridaLeasingNews

Warby Parker Signs 2,200-Square-Foot Lease at Retail Center in Viera, Florida

by Hayden Spiess

Viera, Fla. — Eyewear brand Warby Paker has signed a 2,200-square-foot lease at The Avenue Viera, a retail center in Viera. Scheduled to open Oct. 14, this will mark the 16th store in the state for the brand. Other tenants at the property include World Market, European Wax Center and lululemon, among others. 

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DevelopmentFloridaNews

Terra Completes Construction of 78,000-Square-Foot Retail Center in Florida

by Hayden Spiess

Doral, Fla. — Terra has completed the construction of Doral Atrium, a 78,000-square-foot retail center located in Doral, roughly 16 miles outside Miami. Tenants at the property, which is currently 65 percent leased, include TREMBLE Pilates Studio, PNC Bank, Bonchon Chicken, UMARA, Sushi Mas and The Good Feet Store. RSP Architects designed the development. 

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FloridaLeasingNews

Five Tenants Sign Leases at Lincoln Road Promenade in Florida

by Hayden Spiess

Miami Beach, Fla. — Five new tenants have signed leases at Lincoln Road, a retail center located in Miami Beach. Scheduled to open late October, Hoka, Luli Fama and IT’SUGAR will occupy 3,128; 1,440; and 2,751 square feet, respectively. IT Italian Trattoria will also open a 3,300-square-foot restaurant in October, and Turkish dessert concept Turkish Delight has signed a 1,000-square-foot lease at the property. 

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FloridaInvestment salesNews

Thompson Thrift Sells Two Retail Buildings Totaling 24,000 Square Feet in Cape Coral, Florida

by Hayden Spiess

Cape Coral, Fla. —Thompson Thrift has sold two retail buildings totaling 24,000 square feet in Cape Coral. Situated within Cape Coral Commons, the multi-tenant buildings each comprise 12,000 square feet. Tenants scheduled to open at the properties include First Watch, Mission BBQ, Firehouse Subs, Tire Kingdom, Paragon Healthcare, Crumbl Cookies, PJ’s Coffee and Visionworks. David Hoppe of Atlantic Retail arranged the sale on behalf of Thompson Thrift. A California-based buyer acquired the buildings for an undisclosed price. Cape Coral Commons also features a third multi-tenant building currently under construction, as well …

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FloridaInvestment salesNews

Pebb Capital Sells Retail Center in Florida for $19.2 Million

by Hayden Spiess

Singer Island, Fla. — Pebb Capital has sold Ocean Walk, a 65,908-square-foot shopping center located in Singer Island, for $19.2 million. Pebb purchased the center in 2017 for nearly $7.6 million, at which time the center was 53 percent leased. The property is now fully leased to tenants including Wings Beachwear, 7-Eleven, Mulligan’s Beach House and Johnny Longboats. Situated on 10.5 acres, Ocean Walk features 492 surface parking spaces, four retail structures and 873 feet of unobstructed oceanfront space. Danny Finkle, Jorge Portela, Eric Williams and Kim Flores of JLL represented …

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DevelopmentFloridaMixed-useNews

Gateway Jax Acquires 22 Acres in Downtown Jacksonville for $2 Billion Mixed-Use Project

by Hayden Spiess

Jacksonville, Fla. — Gateway Jax has acquired 22 acres within Jacksonville’s downtown area to develop a $2 billion mixed-use project aimed at revitalizing the city’s urban core. The first phase of the project is called the Pearl Street District. Plans for Pearl Street District include three buildings in the North Core area of Jacksonville’s downtown, which will offer more than 1,000 multifamily units and 120,000 square feet of grocery-anchored retail space. The cost of phase one is expected to be approximately $500 million. The Jacksonville Downtown Development Review Board has approved …

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