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Bay-Landing_Bonita-Springs
FloridaInvestment salesNews

TSCG Brokers $10.4 Million Sale of Grocery-Anchored Shopping Center in Southwest Florida

by Katie Sloan

Bonita Springs, Fla. — TSCG has brokered the sale of Bay Landing, a grocery-anchored shopping center totaling nearly 63,000 square feet in the southwest Florida city of Bonita Springs. InvenTrust Properties purchased the property for approximately $10.4 million. Anthony Blanco led the TSCG team that included Mallory Silva and Nick Ureta in representing the seller, an affiliate of Barron Collier Cos. Built in 1998 along U.S. Highway 41, Bay Landing was fully leased at the time of sale to The Fresh Market and HomeGoods. The site is entitled for an additional …

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Wekiva-Riverwalk
DevelopmentFinanceFloridaNews

Trez Capital Provides $11.4 Million Refinancing for Wekiva Riverwalk in Suburban Orlando

by Katie Sloan

Apopka, Fla. — Trez Capital has provided an $11.4 million refinancing for Wekiva Riverwalk, a 235,390-square-foot shopping center located at 2271 E. Semoran Blvd. in the Orlando suburb of Apopka. The center was fully leased at the time of financing to tenants including Petco, Ross Dress for Less, Marshalls, Five Below and Bed Bath & Beyond. A portion of the financing will be used to build out space for two new tenants — Sprouts Farmers Market and Ulta Beauty — which are set to open in June, and to fund …

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Bealls_Port-Charlotte
FloridaInvestment salesNews

Franklin Street Brokers $8.8 Million Sale of Bealls-Leased Retail Building in Port Charlotte, Florida

by Katie Sloan

Port Charlotte, Fla. — Franklin Street has brokered the $8.8 million sale of a single-tenant retail property within Port Charlotte Town Center, a shopping center in Port Charlotte anchored by Target and Publix. The 91,498-square-foot store is leased to Bealls and is one of the retailer’s top 10 performing stores in the country, according to Franklin Street. Bryan Belk, John Tennant, Chris Adams and Sam Roe of Franklin Street’s Atlanta office represented the seller, an affiliate of RCG Ventures, in the transaction. Ford & Sons Real Estate Investors is the …

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Elev8-Fun
FloridaLeasingNews

Elev8 Fun to Replace Former Sears at Simon’s Treasure Coast Square Mall in Jensen Beach, Florida

by Katie Sloan

Jensen Beach, Fla. — Simon Property Group has signed Elev8 Fun to a 115,000-square-foot lease to backfill a former Sears department store at Treasure Coast Square Mall in Jensen Beach, a suburb of Port St. Lucie. The entertainment venue will feature go-carts, arcade games, laser tag, 12 bowling lanes and axe throwing, as well as party rooms, meeting space and a restaurant with a full bar. This location will be the third Florida venue for Elev8 Fun, which has identified 15 potential locations at malls and shopping centers around the …

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DevelopmentFloridaInvestment salesNews

Electra America and BH Group Buy South Florida Mall for $100.4 Million, Plan Mixed-Use Redevelopment

by Katie Sloan

Cutler Bay, Fla. — Electra America and BH Group have formed a joint venture to purchase Southland Mall, a 808,776-square-foot shopping mall in the Miami suburb of Cutler Bay. The buyers purchased the 80-acre site for $100.4 million with plans to reposition the mall and develop new Class A apartments on the campus. The joint venture is working closely with the Town of Cutler Bay on the redevelopment project. Located at 20505 S. Dixie Highway, Southland Mall was 80 percent leased at the time of sale to more than 100 …

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Monroeville-Timber
AlabamaFloridaInvestment salesIowaNewsSouth Dakota

Timber Development Sells Three Retail Centers Shadow-Anchored by Walmart

by Katie Sloan

Longwood, Fla. — Timber Development Corp. has sold three retail centers shadow-anchored by Walmart. Dispositions include a 40,000-square-foot retail property in Monroeville, Alabama, occupied by tenants including Dollar Tree, Shoe Show and Cato; a 37,000-square-foot center in Sioux City, Iowa, occupied by Cato, Dollar Tree, Gamestop, Great Clips and Sally Beauty Supply; and a 28,000-square-foot strip center in Huron, South Dakota, home to tenants including Maurices, Shoe Sensation and Verizon. The buyers and terms of the transactions were undisclosed. Timber Development Corp. is based in Longwood, Florida. 

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FloridaInvestment salesNews

Greenberg Gibbons Acquires 214,789-Square-Foot Power Center in Florida for $23.6 Million

by Katie Sloan

Sanford, Fla. — Greenberg Gibbons has acquired Gateway Plaza, a 214,789-square-foot power center located in Sanford, for $23.6 million. Floor & Décor, Ashley Furniture, Bed Bath & Beyond, Dollar Tree and Michaels anchor the center. The property was purchased through the company’s Greenberg Gibbons Real Estate Income Fund, which launched in March 2021 with a focus on the acquisition of shopping centers throughout the East Coast, Southeast and Midwest. This is the fund’s fourth acquisition and the company’s first property in Florida. The seller in the transaction was undisclosed. 

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Doral Park Centre
FloridaInvestment salesNews

Marcus & Millichap Arranges $11 Million Sale of Doral Park Centre in Metro Miami

by Julia Sanders

Doral, Fla. — Marcus & Millichap has arranged the $11 million sale of Doral Park Centre, a 13,925-square-foot retail strip center in Doral. Edward Romo and Scott Sandelin of Marcus & Millichap represented the seller, an affiliate of IRAS Group, and Kristina Filippone of First City Realty Partners Inc. procured the undisclosed buyer in the transaction. Built in 2017, Doral Park Centre is a seven-suite property that was fully leased at the time of sale to tenants including 5.11 Tactical Miami, PANNA New Latino Food, Ohana Sushi, 107 Beauty Bar …

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FloridaInvestment salesNews

Continental Realty Sells Shopping Center in Metro Orlando for $9.4 Million

by Julia Sanders

Clermont, Fla. — Continental Realty Corp. has sold Glenbrook Commons, a 64,707-square-foot shopping center in Clermont, about 34 miles from Orlando. Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller in the transaction. CrossMarc Services acquired the property for $9.4 million. Originally constructed in 2009, Glenbrook Commons was 98.4 percent leased at the time of sale. Fitness CF anchors the center, which is also home to US Taekwondo, China Gourmet, Gametime Barber Shop, The Cat Garden, Clermont Family Dentistry and Suncoast Premier Medical. There were three additional …

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Hoffner Commerce
FloridaInvestment salesNews

Marcus & Millichap Brokers $22 Million Sale of Retail Property in Orlando

by Julia Sanders

Orlando, Fla. — Marcus & Millichap has brokered the $22 million sale of Hoffner Commerce Center, a 93,749-square-foot retail property in Orlando. Located at 5449 S. Semoran Blvd., the 53-suite building was 93 percent occupied at the time of sale by tenants including Herbalife, Labcorp and State Farm Auto Insurance. Salim Valiani and Andrew Jaworski of Marcus & Millichap represented the seller, Hoffner Center LLC, and procured the buyer, Arturo Borges of Avanti Way Capital, in the transaction.

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