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FloridaGrocery-anchoredInvestment salesNews

Sembler, Forge Acquire 133,419-Square-Foot Retail Center in Leesburg, Florida

by Hayden Spiess

Leesburg, Fla. — A joint venture between The Sembler Co. and Forge Capital Partners, doing business as Forge Real Estate Partners V LP, has acquired Palm Plaza, a 133,419-square-foot retail center located in Leesburg. Crosspoint sold the property for $17.8 million. Publix anchors the property, which was 92 percent occupied at the time of sale. Other tenants at the center include Planet Fitness, Popeyes, Quest Diagnostics, Rent-A-Center, Firehouse Subs, Core Health, OneMain Financial, T-Mobile and The UPS Store. Brad Peterson, Whitaker Leonhardt and Tommy Isola of Colliers represented the seller in …

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Miami-Worldcenter_Miami
FloridaLeasingNewsRestaurants

Villa One Tequila to Open 12,294-Square-Foot Restaurant at Miami Worldcenter

by Hayden Spiess

Miami — Villa One Tequila will open a 12,294-square-foot Villa One Tequila Gardens restaurant at the Miami Worldcenter in downtown Miami. Scheduled to open in 2025, the venue will feature more than 150 tequila and mezcal options and Mexican cuisine in a rooftop space. Other tenants scheduled to join the $6 billion, 27-acre mixed-use development include Starbucks Coffee, Earls Kitchen + Bar, Sports & Social, Sixty Vines and Bowlero. 

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Pinecrest-Town-Center_Miami
DevelopmentFloridaMixed-useNews

Limestone, Orion Complete $5 Million Renovation of Pinecrest Town Center in South Florida

by Hayden Spiess

Pinecrest, Fla. — Limestone Asset Management and Orion Real Estate Group have completed the $5 million renovation of Pinecrest Town Center, a 225,255-square-foot mixed-use property located in the south Miami suburb of Pinecrest. Renovations at the property, which features retail and office space, included upgrades to the façade and storefronts, the installation of impact windows, improved lighting and the addition of a rooftop parking area. General contractor Tim Majors of Suncon Inc. and architect Bruce Arthur of WHA Design led the project. Pinecrest Town Center was 90 percent leased at the …

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Crunch-Fitness_Winter-Park-Fla
FloridaInvestment salesNet leaseNews

SRS Brokers $7.7 Million Sale of Single-Tenant Property in Orlando Suburb 

by Hayden Spiess

Winter Park, Fla. — SRS Real Estate Partners has brokered the $7.7 million sale of a 29,987-square-foot single-tenant retail property located in Winter Park, a suburb of Orlando. Crunch Fitness occupies the property, which is situated on 3.7 acres, on a 15-year triple-net lease. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based investment and development group, in the transaction. The buyer was a Florida-based private investor.

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Aventura-Plaza
FloridaInvestment salesMixed-useNews

Cushman & Wakefield Arranges Sale of 89,883-Square-Foot Mixed-Use Property in Aventura, Florida

by Hayden Spiess

Aventura, Fla. — Cushman & Wakefield has arranged the sale of Aventura Plaza, an 89,883-square-foot mixed-use property in Aventura, a suburb of Miami. The property, which was 92 percent leased at the time of sale, comprises a shopping center and a two-story office building. Tenants at the center include Ace Hardware and a recently opened grocery store, Plum Market, that replaced a former Office Depot. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity doing business as Aventura Plaza Partners, which has owned and …

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FloridaGrocery-anchoredInvestment salesNews

Graphite Real Estate Purchases Publix-Anchored Shopping Center in Metro Tampa for $9.9 Million

by Hayden Spiess

Holiday, Fla. — Graphite Real Estate has purchased Holiday Centre, a 67,035-square-foot shopping center located in Holiday, a northern suburb of Tampa. Graphite acquired the property for $9.9 million. Publix anchors the center, which was 98 percent leased at the time of sale. Other tenants include Planet Fitness, Publix Liquors and Bright Now Dental. Ari Ravi of RIPCO Investment Sales represented the undisclosed seller in the transaction, and RGA Reinsurance Co. originated acquisition financing on behalf of Graphite.

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Publix_Innovation-Commons_Wesley-Chapel
DevelopmentFloridaGrocery-anchoredLeasingNews

Ryan Cos. Completes 59,657 SF Publix Store at Master-Planned Development in Wesley Chapel, Florida

by Hayden Spiess

Wesley Chapel, Fla. — Ryan Cos. has opened a new Publix grocery store, which will serve as the anchor tenant of Innovations Commons, a retail center situated within the 900-acre Epperson Ranch master-planned development in Wesley Chapel. In addition to Innovations Commons, Epperson Ranch will feature single-family homes, a 200-room hotel and apartments. Innovation Commons will also include three outparcel developments for additional retail, restaurants and professional services.

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Downtown-Doral_Doral-Fla
DevelopmentFloridaMixed-useNews

Codina Partners to Add 25,000 Square Feet of Retail Space to Downtown Doral Development in Florida

by Hayden Spiess

Doral, Fla. — Codina Partners will add 25,000 square feet of retail space to Downtown Doral, the developer’s 250-acre mixed-use community in Doral. Established in 2005, the development features more than 40 existing restaurants and retailers, a cultural arts center, two charter schools and a government center. The new plans include the addition of 13 customizable retail units with a rooftop deck featuring amenities including pickleball courts. Plans also include 929 additional parking spaces. 

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Grove-Central_Miami
FinanceFloridaMixed-useNews

Terra, Grass River Secure $245 Million Financing for Mixed-Use Project in Miami

by Hayden Spiess

Miami — Terra and Grass River have secured $245 in permanent financing for Grove Central, the developers’ recently completed mixed-use project in the Coconut Grove neighborhood of Miami. JP Morgan Chase & Co. issued the loan, which will be used to pay off the development’s existing construction loan, provided in 2021 by Apollo Global Management. The property features a 23-story residential tower, as well as 170,000 square feet of retail space. More than 95 percent of the retail space has been leased to tenants including Target, Sprouts Farmers Market, Club Studio, …

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Delray-Corner_Delray-Beach-Fla
FinanceFloridaNews

Berta Management Secures $18.5 Million Financing for Delray Corner Shopping Center in South Florida

by Hayden Spiess

Delray Beach, Fla. — Berta Management has secured an $18.5 million loan for the refinancing of Delray Corner, an 86,043-square-foot shopping center located in Delray Beach. Justin Neelis of Concord Summit Capital arranged the five-year, fixed-rate financing on behalf of the borrower. Michaels is scheduled to open a 25,600-square-foot store in the first quarter of this year as the new anchor tenant, taking over a renovated space formerly occupied by Bed Bath & Beyond. Other tenants at the property include Conviva, CVS/pharmacy and Starbucks Coffee. 

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