Boynton Beach, Fla. — CBRE has arranged the $8.2 million sale of Marathon Plaza, a 42,298-square-foot unanchored retail center located in Boynton Beach. Tenants including Panera Bread, Visionworks and Plato’s Closet occupied the center at the time of sale. David Donnellan and Patricia Friend of CBRE represented the seller, GOA Properties, in the disposition of the center to Shoppes at Boynton LLC, an entity affiliated with South Florida-based private investor Michael Janoura.
Lake Mary, Fla. — SRS Real Estate Partners’ Investment Properties Group has arranged the sale of Heathrow Square, a Winn-Dixie-anchored, 101,392-square-foot shopping center in Lake Mary. Kevin Yaryan, Kyle Stonis and Pierce Mayson of SRS represented the undisclosed seller in the transaction. The buyers, Equinox Development and Harbour Retail Partners, were self-represented. The sales price was not disclosed. Heathrow Square was 97 percent leased at the time of sale to tenants including CVS/pharmacy, Pure Barre, Quest Diagnostics and Subway. Winn-Dixie has occupied the store at Heathrow Square for 29 years.
Pinellas Park and Largo, Fla. — Marcus & Millichap has arranged the $13.7 million sale of a three-property retail portfolio totaling 22,631 square feet located outside St. Petersburg in Pinellas Park and Largo. Gabriel Britti, Ronnie Issenberg and Jonathan Gerszberg of Marcus & Millichap represented the seller, an undisclosed local developer, and the buyer, a limited liability company, in the transaction. The portfolio includes 4049-4057 Park Blvd. in Pinellas Park, which sold for $5.2 million; 9040 Ulmerton Road in Largo, which sold for $4 million; and 10125 Ulmerton Road in …
Miami, Fla. — Marcus & Millichap has arranged the $16 million sale of a freestanding CVS/pharmacy located at 10660 SW 40th St. in Miami. The 14,989-square-foot building is situated on a 2.4-acre parcel of land, a portion of which is subleased to Wendy’s. Ronnie Issenberg, Gabriel Briti, Ricardo Esteves and Kevin O’Hanlon of Marcus & Millichap represented the seller, a group of local Miami Investors, in the transaction. The buyer was not disclosed.
St. Petersburg, Fla. — CBRE has arranged the sale of University Village, a 60,223-square-foot shopping center in downtown St. Petersburg. Casey Rosen and Dennis Carson of CBRE represented the seller, an affiliate of Bell Partners Inc., which is based in Greensboro, North Carolina. Publix Super Markets purchased the center for an undisclosed price. Located at 250 Third St. S. and built in 2003, University Village is anchored by a Publix grocery store. Other tenants include CVS/pharmacy, Bank of America and seven other undisclosed retailers.
Orlando, Fla. — JLL Capital Markets has arranged the $35 million sale of Shoppes at Nona Place, a 60,557-square-foot neighborhood shopping center in Orlando. Built in 2018 and 2019, Shoppes at Nona Place is anchored by Bravo Supermarkets and home to tenants including Pet Supermarket, First Watch, Heartland Dental, BurgerFi, Aveda, Lime Fresh, F45 and Pig Tails. Located on 14.6 acres at 13000 Narcoossee Road, the center is situated about 11.2 miles from Orlando International Airport and approximately 23.4 miles from Walt Disney World Resort. Brad Peterson, Whitaker Leonhardt, Michael …
Fort Lauderdale and Hialeah Gardens, Fla. — SRS Real Estate Partners’ National Net Lease Group has arranged the sale of two Wawa convenience store and gas stations located in South Florida. Dispositions include a 6,119-square-foot Wawa currently under construction at 7878 N.W. 103rd St. in Hialeah Gardens; and a newly built, 5,991-square-foot Wawa located at 6191 N. Powerline Road in Fort Lauderdale. Ferber Co. sold the Hialeah Gardens property for $11.6 million to Hialeah WW LLC. Brightwork Real Estate sold the Fort Lauderdale Wawa for $10.8 million to Powerline Wawa …
Valrico, Fla. — CBRE has arranged the sale of Valrico Commons, a 138,887-square-foot shopping center in Valrico. Built in 1986 and redeveloped in 2011, Valrico Commons is 93 percent leased, and is anchored by Publix, Ross Dress for Less and Five Below. Casey Rosen and Dennis Carson of CBRE represented the seller, which includes affiliates of North American Development Group and Primerica Group One. An affiliate of Phillips Edison & Co. acquired the property for an undisclosed price.
Miami — JLL has secured a $26.6 million refinancing for Town and Country Plaza, a 94,815-square-foot, fully-occupied shopping center in an infill location in Miami. Chris Drew, Brian Gaswirth and Reid Carleton of JLL secured the 11-year, full-term interest-only loan through The Guardian Life Insurance Co. of America on behalf of the borrower, MMG Equity Partners. Town and Country Plaza is anchored by Sedano’s Supermarket and home to tenants including Sherwin-Williams, Navarro Discount Pharmacy, Goodwill, Express Auto Care and Discount Auto Parts.
CIM Group, Miami Worldcenter Associates Break Ground on 78,000-Square-Foot Jewel Box Retail Building
Miami — CIM Group and Miami Worldcenter Associates have broken ground on the 78,000-square-foot “Jewel Box” building, one of the last retail components within the $4 billion Miami Worldcenter project. Slated for completion in the second quarter of 2022, the Jewel Box building will feature two levels of retail space. The property will also include a rooftop overlooking the development’s World Square, a 20,000-square-foot public plaza and park. Located at 150 NE Eighth Street, the retail development is situated directly west of the upcoming citizenM boutique hotel and north of …