Florida

Miami Beach, Fla. — A joint venture between East End and BentallGreenOak has sold 555 Washington, a mixed-use property in Miami Beach totaling 65,746 square feet of office and retail space, for $52.5 million. Hermen Rodriguez, Ike Ojala and Matthew McCormack of JLL represented the seller in the disposition of the property to a partnership between Greenmont Group and Davis. Renovated in 2015, 555 Washington offers 44,516 square feet of creative office space, along with 21,230 square feet of ground-floor retail space. The property was 82 percent leased at the …

Miami — Marcus & Millichap has arranged the $23 million sale of a 17-suite retail portfolio in Miami dubbed Midtown Miami. The portfolio is occupied by tenants such as Citi Bank, 305 Kicks, Calligaris, Wynwood Tattoo and Galerie Monnin. Alex Zylberglait, Alejandro D’Alba and Scott Sandelin of Marcus & Millichap represented the seller, Block Capital Group, and procured the buyer, Rüger Holding KG. Robert Bhat of Marcus & Millichap arranged an undisclosed amount of acquisition financing for the buyer. The Midtown Miami retail portfolio features two buildings totaling 24,925 square …

Lake Worth Beach and West Palm Beach, Fla. — Current Capital Management has acquired two shopping centers in Lake Worth Beach and West Palm Beach for $12.8 million. Todd Nepola of Current Capital Management led the acquisition transaction for his company. Raj Gupta and Anita Gupta of Chatam Management were the sellers. Benedict Gutierrez of Marcus & Millichap arranged the transaction. Matthew Korshoff of South State Bank provided a $9 million loan for the acquisition. The two centers acquired were Coco Plum Plaza, a 43,801-square-foot retail center located at 2845 …

Orlando, Fla. — Navarra Investments LLC has sold Avenue Shoppes, a 42,196-square-foot retail strip center and outparcel in Orlando, for $8.1 million. John Krzyminski and Max Krzyminski of JLL represented the seller and procured the buyer, House Reform Group. Originally constructed in 1988, Avenue Shoppes was most recently renovated in 2020 when the seller implemented a capital improvement plan to reposition the property. The property was 94 percent leased at the time of sale to tenants including Euro Living, Wallcoverings Mart, Toxic Lounge, Greenberg Dental, GL Staffing, Little New Orleans, …

Lake Mary, Fla. — JLL Capital Markets has arranged the $8.7 million sale of Lake Mary Pointe, a 51,052-square-foot shopping center anchored by Publix in Lake Mary, about 27 miles from Orlando. Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL marketed the property on behalf of the seller, HS Capital Funds Inc. Tricon Development of Brevard Incorporated acquired the property. The property was 98 percent leased at the time of sale to tenants including Healthy Pets and Urgent Care, Flawless Hair Salon, China Star, Mariner Finance, Jailisco, Divine Nails …

Boynton Beach, Fla. — CBRE has arranged the sale of Shoppes at Woolbright, a 146,759-square-foot shopping center in Boynton Beach. Casey Rosen, Dennis Carson, Chris Bosworth, Will Pike and Brian Pfohl of CBRE represented the seller, Principal Real Estate Investors. The Georgetown Co. acquired the property. Built in 2008, the property was 99 percent leased at the time of sale with Publix as the anchor tenant. The shopping center is located at 10935 Jog Road at the intersection of Jog and Woolbright roads.