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Galt Ocean Marketplace
FloridaGrocery-anchoredInvestment salesNews

Gazit Horizons Acquires Retail Center for $35.4 Million in Fort Lauderdale, Florida

by Abby Cox

Fort Lauderdale, Fla. — Miami-based Gazit Horizons Inc. has acquired Galt Ocean Marketplace, a 105,589-square-foot retail center located in the Galt Ocean Mile neighborhood of Fort Lauderdale, for $35.4 million. The property — which was 96 percent leased at the time of sale — is anchored by Winn-Dixie. Additional tenants at the center include CVS Pharmacy, Holy Cross Hospital, McDonald’s, Flagstar Bank and Sherwin-Williams. The acquisition of Galt Ocean Marketplace joins Gazit Horizons’ portfolio of Florida properties, including luxury residential towers AER Tampa and Maizon Brickell in Miami.

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Phenix Salon Suites
Company newsFloridaNews

Phenix Salon Suites Opens Two Locations in Florida

by Abby Cox

Orlando and Tampa, Fla. — Phenix Salon Suites has opened two new facilities in Florida. The first facility, located within Orlando Square Shopping Center in Orlando, is owned and operated by Alex Bello and Miguel Guerra. The second facility, which marks Phenix’s first location in the metro Tampa area, is located within Carrollwood Center in Tampa and is owned and operated by Cynthia Foreman and Christopher Foreman. Phenix Salon Suites currently has more than 21 open locations in the Orlando and West Florida regions.

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FloridaInvestment salesNews

Principal Asset Management Sells 204,000-Square-Foot Shopping Center in Lake Worth, Florida

by Abby Cox

Lake Worth, Fla. — Principal Asset Management has sold Pinewood Square Shopping Center, a 204,000-square-foot retail center in Lake Worth, roughly 35 miles north of Fort Lauderdale. Acadia Realty Trust purchased the property through its investment management platform for $68 million. The property was 99 percent leased to 42 tenants at the time of sale. Retailers at the center include T.J. Maxx/HomeGoods, Ross Dress For Less, Five Below, Goodwill and Delray Medical Center. The property also includes six outparcel buildings that are leased to Chase Bank, PNC Bank, Autozone, Outback Steakhouse, …

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Dellagio Town Center
FloridaInvestment salesNews

CORE Acquires 109,489-Square-Foot Retail Center in Orlando, Florida

by Abby Cox

Orlando, Fla. — Core Investment Management (CORE) has acquired Dellagio Town Center, a 109,489-square-foot mixed-use retail center in Orlando, for $37.5 million. Located along the Dr. Phillips retail corridor, the multi-tenant center features 30 different brands including AdventHealth Medical Group, Nola’s Ice Cream, Fleming’s Prime Steakhouse & Wine Bar, Fred Astaire Dance Studios and Fifth Third Bank. CORE plans to enhance the property with an improved tenant mix and aesthetic renovations.

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Architecture and DesignDevelopmentFloridaInvestment salesMixed-useNews

Ardent Acquires 1.1 Million-Square-Foot Seminole Towne Center Mall in Florida, Plans Redevelopment

by Abby Cox

Sanford, Fla. — Atlanta-based The Ardent Co. (Ardent) has acquired Seminole Towne Center Mall, a 1.1 million-square-foot regional mall located in Sanford, with plans to develop the property into a mixed-use development. According to several local media outlets, Ardent purchased the center from Hollywood, Florida-based 4th Dimension Properties for roughly $17.5 million. While plans for the 76-acre property will include the addition of new retailers, multifamily housing and a hotel, the center’s four anchor tenants — Dillard’s, JCPenney, Dick’s Sporting Goods and Elev8 — will remain at the property. The …

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FloridaGrocery-anchoredLeasingNews

CrossMarc Services Negotiates Five Leases at Springs Plaza in Longwood, Florida

by Abby Cox

Longwood, Fla. — Winter Park, Florida-based CrossMarc Services has negotiated five new leases at Springs Plaza, a 64,753-square-foot shopping center located approximately 15 miles north of Orlando. Among the new tenants are Foxtail Coffee; Children’s Art Classes; Level Up Pilates; 5th Nail Lounge; and Turning Point Dance Studio. Flavia Kanyago of CrossMarc represented the landlord, Baltimore-based MCB Real Estate, in the lease negotiations. Other tenants at the center — which is now 95 percent leased — include Tijuana Flats, First Watch, Jersey Mike’s, Hurricane Grill & Wings, Woof Gang Bakery …

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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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