Florida

Fort Lauderdale, Fla. — Tricera Capital has sold The Hive and Flagler Uptown retail buildings in Fort Lauderdale’s Flagler Village for $18.3 million. The buyer was not disclosed. Located at 900-924 N. Flagler Drive and 723-737 NE Second Ave., The Hive and Flagler Uptown have a combined 32,000 square feet of rentable space occupied at the time of sale by tenants including Batch, the Cookie Co., Chick’nCone, Glitch Bar, Heritage Restaurant, JB&C (Juice Bar and Café), Montce Swim and Wells Coffee Co.

Coconut Creek, Fla. — Marcus & Millichap has arranged the $10.4 million sale of a three-tenant retail property in Coconut Creek. Michael Salafia, Gabriel Britti, Ricardo Esteves and Ronnie Issenberg of Marcus & Millichap represented the seller, a publicly traded REIT, and procured the buyer, Boca Gas Co. Tenants at the two-building property include Shell, Daily’s Convenience and Firestone Complete Auto Care. The property spans 94,090 square feet on 2.2 acres at 6350 N State Road 7 and 6330 US-331 South.

Gainesville, Fla. — JLL Capital Markets has arranged the sale of Gainesville Plaza, a 165,705-square-foot shopping center in Gainesville. Brad Peterson and Whitaker Leonhardt of JLL represented the sellers, Wicker Park Capital Management and Riverstone Capital Group, in the transaction. Cobalt Real Estate Solutions, an affiliate of Divaris Real Estate Inc, purchased the property for $19.1 million. Anchored by Burlington and Ross Dress for Less, Gainesville Plaza was 96.7 percent leased at the time of sale to tenants, including 2nd & Charles, Save-A-Lot, Five Below and Hibbett Sports. Built in …

Tampa, Fla. — CBRE has brokered the sale of Palms Connection, a 29,600-square-foot retail center in Tampa for $8.5 million. The sale included an undeveloped 0.6 acre outparcel. Mark Shellabarger and Ari Ravi of CBRE in Tampa were brokers on behalf of the buyer, Tampa Venture Alliance LLC, and the seller, Stanley Properties LLC. Located at 2802-2836 East Bearss Ave., Palms Connection is 92 percent leased to 14 tenants including Jimmy John’s, PJ Dolan’s Irish Pub, Bearrs Kitchen & Bar, Wood Fired Pizzeria, Balance Salon and Art of Smoke.

Miami — SRS Real Estate Partners’ National Net Lease Group has brokered the $20 million sale of a single-tenant retail property in Miami. Joseph Simon of SRS represented the seller, Crescent Heights. The buyer was a Texas-based undisclosed private investor who was in a 1031 exchange. The retail property is fully occupied by Staples, which has 1.5 years remaining on its lease. Built in 2008 and situated on just under one-acre of land, the 20,288-square-foot property can be redeveloped with zoning that allows for up to 500,000 square feet. Located …

Orlando and Kissimmee, Fla.— Marcus & Millichap has arranged the sale of two retail properties, Edgewood Isle Plaza in Orlando and Sunrise Plaza in Kissimmee. The total sales price for both properties was $12.6 million. Edgewood Isle Plaza is a 78,647-square-foot retail property. Salim Valiani of Marcus & Millichap represented the buyer, Orlando-based Fourth Atlantic Property Investments. The seller was an entity known as DCP Edgewood Isle LLLP. The sales price was $7.5 million. Built in 1964, Edgewood Isle Plaza was approximately 30 percent occupied at the time of sale …

Belle Isle, Fla. — Limestone Asset Management, via a joint venture with Orion Real Estate Group, has sold a 1.7-acre Wawa-occupied property in Belle Isle for $4.8 million. Patrick Nutt with SRS National Net Lease Group represented the sellers. SRS National Net Lease Group also represented the buyer, Good Vibes Realty Two LLC. Located at 4416 Hoffner Ave., the property was built in 2018.

St. Petersburg, Fla. — CBRE has arranged the sale of Bayview Plaza II, a 16,146-square-foot retail strip center in St. Petersburg. Millan Enterprises purchased the property for $3.1 million. Mark Shellabarger and Ari Ravi of CBRE represented the seller, ICORR Properties. Built in 1985 and partially renovated in 2018, Bayview Plaza II was 83 percent leased at the time of sale to eight tenants, including Brewers’ Tasting Room, H & R Block, MCI Metro, Critical Hit Games and Thai Wok restaurant. Located at 11270 4th St. N, the property is …