Orlando, Fla. — Marcus & Millichap has arranged the $5.8 million sale of Shoppes at Lee, a two-building, 19,970-square-foot retail strip center in Orlando. Located at 1084 Lee Road, the property was leased to tenants including FedEx Office, Boost Mobile, Little Caesar’s and Trustco Bank at the time of sale. Nick Ledvora of Marcus & Millichap represented the seller, an entity doing business as Peak 14 LLC, and procured the buyer, Malhan Investments LLC, in the transaction.
Homosassa, Fla. — TSCG has arranged the $10.5 million sale of Springs Plaza, a Publix-anchored center in Homosassa. Anthony Blanco of TSCG represented an affiliate of E.J. Plesko & Associates in the sale of the property to an affiliate of the RG Property Group. Completed in 1986 and renovated in 1995, Spring Plaza totals 96,647 square feet. The property was 96 percent leased at the time of sale to tenants including Aaron’s Rents, T-Mobile and Quick Care Medical Clinic. The center is situated at the intersection of US Highway 98 …
Orlando, Fla. — Huey Magoo’s, a fast food chicken tender restaurant, has plans to open 30 restaurants across the Southeast by the end of the year. The 30 locations will add to the Orlando, Florida-based company’s 20 existing restaurants. In addition, Huey Magoo’s has partnered with Boyd Gaming Corp. to open a restaurant at Boyd’s Fremont Hotel and Casino in downtown Las Vegas by the end of 2022. The company has also signed franchise agreements to open eight stores in the Fort Myers and Naples, Florida area; and five stores …
Coconut Creek, Fla. — CBRE has arranged the $11.9 million sale of Lyons Plaza, a multi-tenant retail center in Coconut Creek, roughly 35 miles north of Miami. The 80,361-square-foot property includes two freestanding outparcel buildings. At the time of sale, Lyons Plaza was 91 percent leased to 27 retail tenants, including Conviva Care Center and Goldcoast Ballroom. David Donnellan and Patricia Friend of CBRE represented the seller, Lyons Plaza Coconut Creek LLC, in the disposition of the property to 1301 Lyons LLC.
Delray Beach, Fla. — Sleiman Enterprises has acquired Delray Square, a 160,000-square-foot shopping center in Delray Beach. Berkeley Capital Advisors represented the undisclosed seller in the transaction. Delray Square was 96 percent occupied at the time of sale by tenants including Publix, Hobby Lobby, Walgreens, Chipotle Mexican Grill and Chick-fil-A. Publix recently relocated to a newly constructed 45,600-square-foot space at the property, while Hobby Lobby recently signed a long-term lease with plans to open in the next few months.
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.
Miami — Four new dining concepts and retailers are set to open at CocoWalk, a 150,000-square-foot mixed-use project in Miami’s Coconut Grove district. The development’s ownership group includes Federal Realty Investment Trust, The Comras Co. and Grass River Property. New openings will include The Key Club restaurant; an unnamed restaurant by Ariete Hospitality Group; an 8,253-square-foot Narbona Natural Food & Farm Market; and Cinépolis. Existing tenants at the property include Planta Queen, Mister 01 Extraordinary Pizza, Sweetgreen, Salt & Straw, Bluemercury, Edward Beiner, The Spot Barbershop and School of Rock. …
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.
