Miami, Fla. — Newmark Retail has arranged an 8,621-square-foot lease for the coastal-inspired restaurant, The Hampton Social, in Miami. The Hampton Social will join other tenants at Mary Brickell Village, an open-air, urban dining and shopping destination featuring over 200,000 square feet of open-air retail space. Designed by Parker Hospitality and Chicago-based architect Mark Knauer, the space at Mary Brickell Village will be The Hampton Social’s ninth location. John Ellis of Newmark represented the landlord, and Keith Rogers of RD Advisors represented Hampton Social in the transaction. Located at 901 …
Florida
Panama City Beach, Fla. — St. Joe Co. has broken ground on Watersound West Bay Center, a 350,000-square-foot shopping center located in Panama City Beach. The project will include a mix of retail, restaurant, office and medical space. Site work on the project is underway, with vertical construction scheduled to begin in the fall. St. Joe Co. plans to build the project to feature golf cart and pedestrian connectivity. Other plans include mixed-use buildings with first floor shopping and dining options and second floor office space, as well as a …
Ocala, Fla. — JLL Capital Markets has arranged the $13 million sale of the Boyd Market Center, a 102,066-square-foot retail center in Ocala. Brad Peterson, Whitaker Leonhardt, Michael Brewster and Eric AmRhein of JLL represented the seller, an undisclosed real estate and finance company. V3 Commercial Advisors advised the buyer, V3 Capital Group LLC. Located at 2800 SW 24th Ave., Boyd Market Center was 95.7 percent leased at the time of sale to tenants including Conn’s Home Plus, Plant Fitness, Shoe Carnival, Moe’s Southwest Grill, GameStop and CSL Plasma.
Davie, Fla. — RK Centers has acquired Lakeside Town Shops, a 79,746-square-foot retail property in Davie, for $28.7 million. An entity known as Lakeside Town Shops LLC, which is managed by Columbia, South Carolina-based Edens, was the seller. Dennis Carson of CBRE represented the seller and the buyer in the transaction. Lakeside Town Shops features three buildings on 10.3 acres. The property was 98 percent leased at the time of sale to 25 tenants, including Dollar Tree, Ross Dress for Less, Target SuperCenter and Chick-fil-A.
Cape Coral and Melbourne, Fla. — SRS Real Estate Partners’ National Net Lease Group has brokered the $12.5 million sale of two single-tenant properties occupied by Crunch Fitness in South Florida. The newly developed portfolio includes a 19,200-square-foot property located at 244 Nicholas Parkway West in Cape Coral; and a 19,500-square-foot property located at 4880 N. Wickham Road in Melbourne. Matthew Mousavi and Patrick Luther of SRS represented the seller, a Southeast-based developer, as well as the buyer, a family partnership from South Florida, in the transaction.
Miami, Fla. — Pacific Star Capital has appointed Wright Sigmund as principal. In his new role, Sigmund will lead the Miami-based company’s operations and the overall growth of the firm as it focuses on expanding its portfolio of essential-tenant focused developments. Sigmund previously worked with First Washington Realty Inc. as senior vice president and national director of leasing.
Hialeah, Fla. — Centennial has acquired Westland Mall, an 835,000-square-foot regional shopping center located roughly 11 miles outside Miami in Hialeah. The seller and sales price were not disclosed. Westland Mall has been open for over 50 years. The shopping center is home to nearly 100 tenants, including Macy’s, J.C. Penney, Bath & Body Works, Finish Line, Pandora, G by Guess, Victoria’s Secret, H&M, T-Mobile, Outback Steakhouse, Chili’s Grill & Bar, Subway and IHOP.
Naples, Fla. — Naples Liberty Group, an affiliate of Seagate Development Group, has purchased Liberty Plaza, a three-building office and retail property in Naples from an entity known as Naples Venture I Inc. for $11.8 million. David Stevens and Robert Carroll of Investment Properties Corp. represented the buyer, while Marc Zampell of Nationwide Residential & Commercial Real Estate Inc. represented the seller. Liberty Plaza features two buildings with two stories and one building with one story, as well as 50,000 square feet of rentable space. The property was 98 percent …
Naples, Fla. — JLL Capital Markets has brokered the $97 million sale of Granada Shoppes, a 307,000-square-foot shopping center in Naples. Danny Finkle and Eric Williams of JLL represented the sellers, Courtelis Co. and Barron Collier Cos., in the disposition of the property to Brixmor Property Group. Anchored by Trader Joe’s, Granada Shoppes was 98 percent leased at the time of sale to tenants including Marshalls, Haverty’s Furniture, Dollar Tree, Tuesday Morning, Xfinity, First Watch, Jersey Mike’s, Sports Clips, Visionworks, Men’s Wearhouse, Petland of Naples, Hobby Lobby and P.F. Chang’s.
Tampa, Fla. — Polestar, an electric vehicle provider, will open its first Florida location at Midtown Tampa, a $500 million mixed-use district with 1.8 million square feet of retail in Tampa. Polestar will open during the second quarter of 2022 within a 2,500-square-foot space across from Sephora and behind Ponte Tampa. All sales at Polestar will be handled online. Midtown Tampa is nearly fully leased with restaurants, shops and businesses opening throughout 2022 and 2023.