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Bed Bath & Beyond
FinanceFloridaNews

Concord Summit Capital Secures $16 Million Refinancing for Shopping Center in Delray Beach, Florida

by Julia Sanders

Delray Beach, Fla. — Concord Summit Capital LLC has secured a $16 million refinancing for Bed Bath & Beyond Plaza, a shopping center in Delray Beach. Justin Neelis and Daniel Rojo of Concord sourced the non-recourse financing through Seven Hills Realty Trust on behalf of the borrower, Berta Management. The bridge loan will be used to construct a new Starbucks Coffee outparcel, provide for capital improvements and pay off existing debt. Bed Bath & Beyond Plaza was 86 percent leased at the time of financing to Bed Bath & Beyond, …

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Shoppes at Woolbright
FloridaInvestment salesNews

CBRE Arranges Sale of 146,759-Square-Foot Shopping Center in South Florida

by Julia Sanders

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.

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Fresh Market Village
FinanceFloridaNews

Northmarq Secures $16.8 Million Acquisition Loan for Grocery-Anchored Center in Metro Palm Beach

by Julia Sanders

Jupiter, Fla. — Northmarq has secured $16.8 million in acquisition financing for Fresh Market Village, a 55,046-square-foot, grocery-anchored retail property in Jupiter, about 19 miles from Palm Beach. Daniel Karp of Northmarq arranged the financing, which included a 10-year term with three years of interest-only payments followed by a 30-year amortization schedule. Northmarq secured the permanent, fixed-rate loan on behalf of the undisclosed borrower through its relationship with an unnamed life insurance company. Built in 1989 and last renovated in 2014, the property is anchored by The Fresh Market.

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MV retail
DevelopmentFloridaNews

MV Group to Redevelop Two Retail Centers in Downtown Miami Springs

by Julia Sanders

Miami Springs, Fla. — MV Group USA has plans to redevelop two undisclosed retail centers totaling 30,000 square feet in downtown Miami Springs. The redevelopment efforts will include the addition of outdoor seating and enhancements to existing retail and restaurant space. The project is scheduled for completion by the end of the year. The renovated retail spaces will feature some of the existing tenants that have renewed long-term leases at the properties. Additionally, new restaurant tenants will be opening at the centers in fall 2022.

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Foxtrail
FloridaLeasingNews

Foxtail Coffee Opens at Butler Town Center in Northern Florida

by Julia Sanders

Gainesville, Fla. — Foxtail Coffee Co. has opened a new location at Butler Town Center, a shopping mall in Gainesville with over 150 stores and restaurants. The Orlando-based coffee shop serves various espresso drinks, cold brew coffee, teas and treats. The new location will be at 2851 SW 35th Drive in Suite 10, next to P.F. Chang’s, CycleBar and Pink Narcissus. The coffee shop location is a local franchise owned by Cleveland Hooper.

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Tire Choice Center
FloridaInvestment salesNews

CBRE Arranges $3.2 Million Sale of Retail Property in Metro Tampa

by Julia Sanders

Valrico, Fla. — CBRE has arranged the $3.2 million sale of a 12,496-square-foot multi-tenant property anchored by a Tire Choice Total Car Care Center in Valrico, about 16 miles from Tampa, to a private investor. Mark Shellabarger and Ari Ravi of CBRE Capital Markets represented the seller, a local private investor. Michael Kaplan from Weitzman represented the buyer. Located at 3519 Bell Shoals Road, the property was fully leased to three tenants at the time of sale.

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FloridaLeasingNews

Women’s Fashion Boutique Retailer to Open Store on April 2 in Gainesville, Florida

by Julia Sanders

Gainesville, Fla. — Allie Allure, a women’s fashion boutique, will open on April 2 in Gainesville. The 2,000-square-foot location will be the first brick-and-mortar location for the retailer. Allie Allure’s new store will offer dresses, skirts, tops, pants, and accessories for high school, college and business professionals. Located at 3204 SW 35th Blvd., the property will be situated next to a JOANN Fabric and Craft Store and Publix within Butler Plaza, a shopping center with over 150 stores and 2 million square feet of retail and restaurant space owned by …

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FloridaInvestment salesNews

CBRE Arranges Sale of Pointe at Kendal Town Center in Miami

by Julia Sanders

Miami — CBRE has arranged the sale of Pointe at Kendall Town Center, a retail center located on Kendall Drive and SW 162nd Ave. in Miami. Built in 2019, the property was fully leased at the time of sale and includes five outparcels ground leased to tenants including Texas Roadhouse, Panera Bread, Olive Garden, Sanitas Medical Center and Walk On’s. Dennis Carson and Casey Rosen of CBRE represented the undisclosed seller in the transaction.

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Retail property
FloridaInvestment salesNews

Brickell Station Partners Sells Retail Building in Downtown Miami for $20.1 Million

by Julia Sanders

Miami — Brickell Station Partners has sold a retail property in Miami to Gazit Horizons for $20.1 million. Hector Antunez and Juan Andres Nava from Metro 1 represented Brickell Station Partners, and Fabian Graff of Metro 1 represented Gazit Horizons. The building, located in downtown Miami’s Brickell neighborhood, is currently home to Toasted Bagelry & Deli, Talkin’ Tacos, CBD American Shaman and Stanzione 87 pizzeria.

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FloridaGeorgiaInvestment salesNews

The Aaron’s Co. to Acquire BrandsMart USA for $230 Million

by Julia Sanders

Atlanta and Fort Lauderdale, Fla. — Atlanta-based furniture retailer The Aaron’s Co. has agreed to acquire BrandsMart USA. for $230 million. BrandsMart is an appliance and consumer electronics retailer with 10 stores in Florida and Georgia. For the 12 months that ended Dec. 25, 2021, the Fort Lauderdale, Florida-based company generated $757 million in revenue. The transaction is subject to closing adjustments and is expected to close during the second quarter. Upon closing, BrandsMart will report to Aaron’s president, Steve Olsen, and will continue to be headquartered in Fort Lauderdale. …

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