Florida

Kissimmee, Fla. — SRS’ Investment Properties Group has brokered the sale of Kissimmee Korners, an 83,340-square-foot shopping center located roughly 25 miles outside Orlando in Kissimmee. The seller, an entity doing business as Kissimmee Korners LLP, sold the property to an entity doing business as WWX2 LLC for $14.3 million. Kevin Yaryan, Kyle Stonis and Pierce Mayson of SRS represented the seller in the transaction. Houwen Zhou of Lokation Real Estate represented the buyer. Kissimmee Korners includes two one-story, multi-tenant retail buildings and one medical office/retail building. The property was …

Miami Gardens, Fla. — Marcus & Millichap has brokered the $47 million sale of a two-property, 198,885-square-foot retail portfolio in Miami Gardens. The properties in the portfolio include Las Villas Market Square and Miami Gardens Shopping Plaza. Drew Kristol and Kirk Olson of Marcus & Millichap represented the seller, a private Miami Beach-based ownership group. Olson and Kristol also procured the buyer, a Brooklyn-based private investment group. Robert Bhat of Marcus & Millichap Capital Corp. arranged $35 million in financing for the acquisition of the two shopping centers. Located on …

Fort Lauderdale, Fla. — CBRE has arranged the $17.1 million sale of Galleria Plaza, a 24,807-square-foot, multi-tenant retail center in Fort Lauderdale. David Donnellan and Patricia Friend of CBRE represented the seller, Sunrise Investment Properties LLC, a Florida-based entity managed by Stiles Corp., in the transaction. Paul Ahmed and Mackenzie Lampman of CBRE Capital Markets secured acquisition financing on behalf of the buyer, Shawnick Galleria LLC, an entity affiliated with a California-based private investor. The long-term fixed rate loan was placed through an undisclosed life insurance company. Galleria Plaza is …

West Palm Beach, Fla. — CBRE has arranged the $6.5 million sale of Palm Beach Place, a 33,196-square-foot retail center in West Palm Beach. David Donnellan and Patricia Friend of CBRE represented the seller, Harland Properties, in the disposition of the property to an undisclosed private investor. Built in 1981, Palm Beach Place was formerly known as West Palm Beach Merchandise Mart. The property is fully leased to tenants including L&D Beauty Supply Inc., Dan’s Fan City, Sherwin-Williams, Uniforms of WPB, Quantum Benefit Group Inc and Hospice of PB County …

Fort Pierce, Fla. — American Commercial Realty Corp. has acquired Indrio Crossings Shopping Center, a 131,000-square-foot center located at 4846 N. Kings Highway in Fort Pierce. The property is anchored by a 57,200-square-foot Winn-Dixie Grocery and co-anchored by Bealls Outlet and Dollar Tree. The Winn-Dixie location was renovated in 2018. AutoZone is set to open at the center in November. Kevin Yaryan, Kyle Stonis and Pierce Mayson of SRS’ Investment Properties Group represented the undisclosed seller in the transaction. George Kleier of American Commercial Realty represented the buyer.

Eustis, Fla. — JLL Capital Markets has arranged the $9.2 million sale of the Shoppes at Eustis Village, a 29,367-square-foot retail strip center in the Orlando-area community of Eustis. Brad Peterson, Whitaker Leonhardt, Michael Brewster and Tommy Isola of JLL represented the seller, CORE Investment Properties. Tabani Group Inc. acquired the property. Completed in 2006, the center is fully leased to nine tenants including Starbucks Coffee, Verizon Wireless, Pep Boys, Greenberg Dental, Liberty Health Sciences and Planet Smoothie. Located at 15439 US Highway 441, the three-building property is shadow anchored …