Boca Raton, Fla. — Cushman & Wakefield has arranged the sale of Shadowwood Square, a 237,498-square-foot shopping center located in Boca Raton. Constructed in 1982, the property is anchored by Sprouts Farmers Market, Walgreens and Old Navy. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity controlled by Evelyn Langlieb Greer doing business as Shadowwood Square Ltd. An affiliate of Edens acquired the property.
Port St. Lucie, Fla. — PEBB Enterprises and Banyan Development have started construction on the Shoppes @ the Heart of Tradition, a 71,000-square-foot retail project situated within the master-planned Tradition community in Port St. Lucie. A 19,231-square-foot Aldi will anchor the development, which is scheduled for completion next summer, when tenant buildouts will begin. Other tenants will include Kyle G’s Amore Chop House, Port Tradition, Tomalty Dental, Le Bistro de Paris, Picasso Nails and Rita’s Ice.
Miami — Marcus & Millichap has brokered the $6.9 million sale of a single-tenant property located in Miami. Walgreens occupies the building on a net-lease basis. Jonathan De La Rosa and Eduard Toledo of Marcus & Millichap’s Miami office represented the undisclosed buyer in the transaction.
Batavia, Ill. and Jacksonville, Fla. — German discount grocer Aldi has entered into a definitive agreement to acquire Winn-Dixie and Harveys Supermarket as part of a larger divestiture of Jacksonville-based parent company Southeastern Grocers to various entities. Financial terms of the transaction were not disclosed. The Southeast-focused acquisition includes approximately 400 Winn-Dixie and Harveys locations across Alabama, Florida, Georgia, Louisiana and Mississippi. Aldi, which maintains its U.S. headquarters in Batavia, Illinois, first established its presence in the Southeast in the mid-1990s and has since invested $2.5 billion in the region. Most …
Arizona and Florida —SRS Real Estate Partners has arranged the $94 million sale of seven single-tenant EoS Fitness properties in Arizona and Florida. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, Barclay Group, in the transaction. A publicly traded REIT acquired the properties. Tyler McRae of SRS, along with Echelon Realty Advisors, was responsible for leasing the assets on behalf of EoS Fitness. The portfolio includes two properties in Mesa, Arizona, comprising 57,803 and 51,716 square feet, as well as properties in Tempe, Scottsdale and Queens Creek, …
Navarre, Fla. — CBRE has arranged a $12.9 million loan for the refinancing of Wynnehaven Plaza, a 64,995-square-foot shopping center located in Navarre. A 48,387-square-foot Publix grocery store anchors the center, which was completed earlier this year. Seven other tenants occupy the fully leased property, including a coffee shop, primary care clinic, ice cream parlor and a nail salon. Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE secured the financing on behalf of the borrower, Atlanta-based Branch Properties, through 40|86 Mortgage Capital.
Orlando, Fla. — Tavistock Development has announced plans for Lake Nona West, a 405,000-square-foot shopping center to be located in the Lake Nona master-planned community in Orlando. Upon completion, the development will be situated on a 54-acre parcel and feature open-air shops, ground-level parking, outdoor entertainment spaces and public art. Tavistock has submitted site plans to the City of Orlando, and construction is scheduled to begin in 2024, with completion planned for fall 2025. Tenant announcements are expected this winter.
Leesburg, Fla. — SRS Real Estate Partners has brokered the $7.5 million sale of Leesburg Marketplace, an 81,071-square-foot shopping center located in Leesburg. The property was 90 percent leased at the time of sale to tenants including Ollie’s Bargain Outlet and Dollar Tree. Kyle Stonis and Pierce Mayson of SRS represented the seller, a Florida-based private investor, in the transaction. An entity doing business as JTT Eagles LLC was the buyer.
Lutz, Fla. — Newmark has brokered the $49.6 million sale of Cypress Creek Town Center Portfolio, a 240,211-square-foot shopping center located in Lutz. Total Wine, Hobby Lobby, Burlington, HomeGoods, Badcock Furniture and Dollar Tree anchor the portfolio, which comprises four parcels that were fully leased at the time of sale. An undisclosed buyer acquired the properties. Drew Fleming of Newmark arranged the sale on behalf of the seller, Hutton.
North Miami, Fla. — Reserve Padel has announced plans to open a 100,000-square-foot fitness club in North Miami. Upon completion, the venue will feature four indoor and six outdoor padel courts; two pickleball courts; a health and wellness center; Pura Vida restaurant; steam room; and cold plunge pool. Situated within SoLé Mia, a 184-acre master-planned community, the club will mark the first permanent location for the brand.
