Gainesville, Fla. — Marcus & Millichap has arranged the $4.4 million sale of Hunter’s Walk, a 13,200-square-foot retail property in Gainesville. James Medefind, Jim Shiebler and James Garner of Marcus & Millichap represented the undisclosed seller. Located at 5141 NW 43rd St., the center was occupied by tenants including Cedar River Seafood, Bella Nail Salon, H&R Block, Salon Centric, KB Design & Remodel, Adam’s Rib Co., Goodwill and Yo3 Metro Frozen Yogurt at the time of sale.
Vero Beach, Fla. — Marcus & Millichap has arranged the $5.3 million sale of Vero Beach Square, an 11,480-square-foot retail strip center in Vero Beach. Drew Kristol, Kirk Olson and Marc Yaffe of Marcus & Millichap represented the seller, Konover South, and the buyer, Ross Realty Investments Inc., in the transaction. The center was 88 percent leased at the time of sale to tenants including Dunkin’ Donuts, Jersey Mike’s Subs, Tropical Smoothie Cafe and Supercuts. The property is shadow-anchored by Tire Kingdom and Murphy’s Gas.
Boynton Beach, Fla. — Union Investment has acquired the Fountains of Boynton, a five-building grocery-anchored retail center in Boynton Beach. The acquisition is being made on behalf of open-ended real estate fund Unilmmo: Europa. The seller and sales price were not disclosed. Built in 1994 and modernized in 2017, the Fountains of Boynton include 174,996 square feet and is currently fully leased to tenants such as Publix, LA Fitness Signature Club, restaurants and a range of services providers.
Miami and Miami Lakes, Fla. — BurgerFi will open three new corporately owned restaurants in the Miami metropolitan area next year, including locations in Miami’s Health District and South Beach, as well as the suburb of Miami Lakes. The company’s new locations will feature a smaller footprint prototype designed to help increase distribution points for digital ordering and off-premise dining. A 2,002-square-foot BurgerFi will open in February 2022 at 1674 Meridian Ave. in South Beach; a 1,204-square-foot BurgerFi will open within the River Landing mixed-use project in May 2022 at …
Boca Raton, Fla. — Sprouts Farmers Market is set to open a 25,837-square-foot store at Shadowwood Square, a 220,426-square-foot retail center in Boca Raton. The space was formerly occupied by Stein Mart. Terranova Corp. arranged the 15-year lease deal with Sprouts, which is set to open next year. Located at 9789 Glades Road, the retail center is home to tenants including Bed Bath & Beyond, Old Navy and Regal Cinemas.
North Palm Beach, Fla. — A joint venture between American Commercial Realty Corp. and Investment Capital Partners has acquired Crystal Cove Commons, a 120,000-square-foot mixed-use property located in North Palm Beach. Robert Rivani of Black Lion Investment Group was the seller. The property includes 73,738 square feet of retail and 46,787 square feet of office space across three floors. Crystal Cove Commons is home to tenants including Cod & Capers, Cucina Cabana, Stormhouse Brewery, Fuse Specialty Appliances, USA Tile & Marble, Crystal Tree Carpet by STARK, Cabinets by Lenore and …
Haines City, Fla. — Marcus & Millichap has brokered the $13.8 million sale of Heart of Florida Shopping Center, a 131,501-square-foot retail property located in Haines City, about 23 miles from Lakeland. Tim Giambrone of Marcus & Millichap marketed the property on behalf of the seller, an undisclosed private investor. Giambrone also secured and represented the buyer, another undisclosed private investor. Ryan Nee of Marcus & Millichap assisted in closing the transaction. The property’s tenants include Big Lots, Tractor Supply and Dollar General Market.
Tampa, Fla. — CBRE has arranged the sale of Fowler Plaza North, a 25,619-square-foot retail center in Tampa. Lote Group purchased the property for $7.7 million. Mark Shellabarger and Ari Ravi of CBRE represented the seller, Milestone Properties Inc., in the transaction. Located on Fowler Avenue near the University of South Florida, the center is home to tenants such as Chipotle Mexican Grill, Cosmo Prof, Pizza Hut, Boost Mobile, Surterra and Little Greek restaurant.
Fort Pierce, Fla. — Stan Johnson Co. has brokered the sale of Harbour Cay, a 10,530-square-foot shopping center located at 825 Seaway Drive in Fort Pierce. Jeff Enck and Mike Philbin of Stan Johnson Co. represented the seller, a Jupiter, Florida-based developer. An individual investor from Lighthouse Point, Florida purchased the property for $4.1 million. Harbour Cay is fully leased to seven tenants and features a mix of restaurant and service tenants. All tenants operate on triple net leases which commenced in 2021 at the time construction was completed.
Apollo Beach, Fla. — CBRE has brokered the sale of Mirabay Village, a 94,697-square-foot neighborhood shopping center anchored by Winn-Dixie in Apollo Beach. Dennis Carson, Casey Rosen, Mark Shellabarger and Ari Ravi of CBRE represented the undisclosed seller in the transaction. The buyer is an affiliate of Daytona Beach, Florida-based The Root Co. Located at 252 Harbor Village Lane, the property was 98 percent leased at the time of sale.
