Kissimmee, Fla. — PMAT Cos. has sold Columbia Promenade, a 65,853-square-foot, Publix-anchored shopping center in Kissimmee, for $12.7 million. Danny Finkle, Brad Peterson, Eric Williams, Whitaker Leonhardt and Kim Flores of JLL represented the seller in the transaction. The buyer was not disclosed. Built in 2000, Columbia Promenade was 98.6 percent leased at the time of sale to tenants including H&R Block and MetroPCS. Situated on 9.7 acres at 1251 W. Columbia Ave., the property is located about 24 miles from downtown Orlando and 12 miles from Walt Disney World …
Florida
Jacksonville, Fla. — Marcus & Millichap has brokered the $5.8 million sale of Marietta Square, a 64,736-square-foot grocery-anchored shopping center in Jacksonville. Drew Kristol, Kirk Olson, Chad Atwood and Simon Grigoryan of Marcus & Millichap represented the seller, an entity affiliated with Saglo Development Corp., and the buyer, a Jacksonville-based private investor. Built in 1991, Marietta Square is anchored by Rowe’s IGA Supermarket and fully leased to tenants such as Family Dollar and AutoZone. Located at 8299 W Beaver St., the property is situated about 9.5 miles from downtown Jacksonville …
Miami and Sunrise, Fla. — Ashley Stewart is set to open two extended pop-up stores at outlet centers in southern Florida. The retailer will occupy a 3,397-square-foot space at Dolphin Mall in Miami and 2,896 square feet at Sawgrass Mills in Sunrise. The Dolphin Mall location opened on October 9 and the Sawgrass Mills shop is set to open on November 6. The pop-up shops will highlight the company’s sub-brand called Curvy Girl, which provides concert and festival outfits. Additionally, the retailer will spotlight special designer lines, including partnerships with …
Miami — Two retailers and an entertainment concept are set to open at Miami Worldcenter, a $4 billion, 27-acre mixed-use development underway in downtown Miami. New tenants include Sephora; Lucid Motors, an electric car company; and Bowlero, an entertainment concept that offers bowling, interactive arcades and dining. The retailers and Bowlero will occupy a combined 60,000 square feet and are set to open in 2022. Sephora will occupy more than 6,000 square feet at the World Square Plaza, a 20,000-square-foot public plaza and park that will run along the project’s …
Lakeland, Fla. — Publix plans to hire 30,000 employees during the fourth quarter of 2021. New employees will work across the company’s portfolio of 1,284 stores, nine distribution centers and 11 manufacturing facilities in Alabama, Florida, Georgia, South Carolina, Tennessee, North Carolina and Virginia. Employee benefits at Publix include tuition reimbursement and a stock ownership program. The Lakeland, Florida-based company is also rewarding employees that receive the COVID-19 vaccination with a $125 Publix gift card.
North Lauderdale, Fla. — Franklin Street has arranged the $13.6 million sale of Promenade Shoppes, a 39,650-square-foot shopping center in North Lauderdale. Adam Tiktin and Greg Matus of Franklin Street represented the seller, Arena North Lauderdale Shoppes LLC, in the disposition of the property to Zenix Properties LLC. Built in 2018, the center was fully occupied at the time of sale by 17 tenants, including SunSouth Health Center, T-Mobile, Cricket Wireless and Sarku Japan.
Palm Springs, Fla. — CBRE has arranged the $3.8 million sale of Capitol Mall, a mixed-use property located at 3745 South Congress Ave. in Palm Springs. Capitol Mall consists of a 23,698-square-foot multi-tenant retail building and a 7,250-square-foot warehouse. A South Florida-based private investor operating under the name Capitol Mall LLC acquired the property from Congressional Developers Inc. David Donnellan and Patricia Friend of CBRE represented the buyer in the transaction.
Jacksonville, Fla. — CBRE has arranged the sale of St. Johns Commons, a 71,352-square-foot, Winn-Dixie-anchored shopping center in Jacksonville. Dennis Carson and Casey Rosen of CBRE represented the seller, an affiliate of Phillips Edison & Co., in the transaction. An affiliate of Ash Properties purchased the fully leased center for an undisclosed price.
Miramar, Fla. — RK Centers has acquired Park View Square, a 70,000-square-foot shopping center located roughly 22 miles outside Miami in Miramar, for $15.7 million. Dennis Carson of CBRE represented the seller, Philips Edison & Co., and the buyer in the transaction. The property is anchored by Winn-Dixie and will be renamed as RK Park View Square following the acquisition.
Lake Mary, Fla. — Avanti Way Capital has acquired Shoppes at Lake Mary, a 37,685-square-foot shopping center located in Lake Mary, from Galium Capital for $8.4 million. Dan Gorczycki and Peter Stobierski of TrueRate Services secured a $5.4 million acquisition loan on behalf of the buyer through Morgan Stanley. The center was 94 percent leased at the time of sale to tenants including Lake Mary Dry Cleaners, Debs Kitchen, Lighthouse Seafood, Morganic Meats and Foxcase LLC. The property has 175 parking spaces.