Florida

Coral Springs, Fla. — CBRE has arranged the sale of a 4,088-square-foot neighborhood retail property in Coral Springs, approximately 20 miles northwest of Fort Lauderdale. Anchored by Dunkin’ Donuts, the center is also leased to a dry cleaner. An undisclosed local buyer purchased the property for $4.6 million. Benjamin Silver of CBRE represented the seller, PROLEG 102 LLC, in the transaction.

New Smyrna Beach, Fla. — The Investment Properties Group of SRS Real Estate Partners has arranged the $9.45 million sale of New Smyrna Shopping Center, a 101,728-square-foot shopping center in New Smyrna Beach. Kyle Stonis and Kevin Yaryan of SRS represented both the seller, RCC New Smyrna Beach Shopping Center LLC, and buyer, Emerald Eagles LP, in the transaction. AMC, Planet Fitness, and Dollar General anchor the center, which was 98 percent occupied at the time of sale.  

Plantation, Fla. — Institutional Property Advisors (IPA) has arranged the $22.3 million sale of Plantation Crossings, a 70,369-square-foot retail center located in Plantation. Kirk Olson and Drew Kristol of IPA and Barry Wolfe of Marcus & Millichap represented the seller, Plantation Crossings LLC, and procured the buyer, Azora Exan – USA, in the transaction. The property was developed in 1999 and is home to tenants including ALDI, My Salon Suite, Sherwin Williams, Concentra Health, Fitness System and Family Eye Center. 

Kissimmee, Fla. — Publix Super Markets has purchased Osceola Village, a 121,445-square-foot shopping center located at 3040 Dyer Blvd. in Kissimmee, a suburb of Orlando. East Coast Acquisitions sold the Publix-anchored property for $36.1 million. Brad Peterson and Whitaker Leonhardt of JLL represented the seller in the transaction and procured the buyer. Built in 2008 and renovated in 2022, Osceola Village was fully leased at the time of sale to tenants including Metro Diner, Insight Credit Union, Orlando Health, DaVita Dialysis and Goodwill, which recently entered a new 15-year lease. 

Fort Walton Beach, Fla. — Stan Johnson Co. has arranged the $8.4 million sale of Beal Commons, a 15,982-square-foot retail center located at 575 Beal Parkway NW in Fort Walton Beach. Chase Dominguez of Stan Johnson represented the seller, an undisclosed local developer, in the disposition of the property to an individual investor based in Arizona. Both parties were involved in 1031 exchanges. The center was built in 2006 and renovated in 2019. Tenants at the time of sale included Starbucks Coffee, FedEx Office, Verizon and Ruby Tuesday.