Florida

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.

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.

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.