Wynnehaven Beach, Fla. — MAB American Management LLC has signed Publix to a lease to anchor Wynnehaven Plaza, the company’s newest shopping center development located at the northwest corner of US Highway 98 and Rosewood Drive in Wynnehaven Beach. Wynnehaven Plaza will feature a 48,387-square-foot Publix store along with a 2,100-square-foot Publix Liquor store on 10 acres of land. In addition to Publix, MAB is now preleasing business storefronts in the eight-unit inline building adjacent to Publix, as well as a two-unit freestanding pad site. MAB recently broke ground on …
Auburndale, Fla. — Matthews Real Estate Investment Services has arranged the sale of Imperial Plaza, a Winn-Dixie-anchored, 129,807-square-foot shopping center located at 303-413 Havendale Blvd. in Auburndale. Jonah Yulish and Ben Snyder of Matthews Real Estate represented the undisclosed buyer, which purchased the property for $12.4 million. Palomar Group represented the seller, Core Imperial Plaza, in the transaction. For 44 years, Imperial Plaza has been anchored by Winn-Dixie, and the retailer completed a $1 million interior renovation in 2020. About 97 percent occupied, Imperial Plaza is co-anchored by Harbor Freight, …
Deltona, Fla. — TSCG has arranged the $11.5 million sale of Deltona Commons, a Publix-anchored retail center situated at the intersection of Courtland Boulevard and Fort Smith Boulevard in Deltona. Completed in 2007, Deltona Commons totals 48,663 square feet and was 100 percent leased at the time of sale. Publix occupies over 80 percent of the gross leasable area in the center. Anthony Blanco and Mallory Silva of TSCG represented the seller, an affiliate of Global Fund Investments, in the disposition of the property to an affiliate of the Miller …
St. Johns, Fla. — Earth Fare is set to open a 24,000-square-foot store within the Shoppes of St. Johns Parkway in the Jacksonville suburb of St. Johns. The company previously occupied a space at the center, which closed following Earth Fare’s bankruptcy declaration at the beginning of 2020. Sleiman Enterprises — developer and owner of the center — helped arrange the reopening. The Shoppes of St. Johns Parkway also includes retailers such as Ember and Iron, Canopy Road Café, Xtreme Wings, Massage Envy, RaceTrac and Engel & Volkers.
Jacksonville, Fla. — JLL Capital Markets has arranged the sale of two single-tenant properties leased to BJ’s Wholesale Club and Walgreens totaling 123,567 square feet. The buildings are located within the Atlantic-Kernan Shops shopping center in Jacksonville. Michael Brewster, Brad Peterson and Whitaker Leonhardt of JLL represented the seller, Sleiman Enterprises. The buyer and the sales price were not disclosed.
Sunrise, Fla. — Cushman & Wakefield has arranged the sale of Sunrise West Shopping Center, a 76,411-square-foot, Publix-anchored neighborhood center located in Sunrise. Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Principal Real Estate Investors, in the transaction. Global Fund Investments acquired the property for an undisclosed price. Located at 9010-9370 W. Commercial Blvd., the property is 93 percent leased to tenants including Carvel Ice Cream, Club Pilates, Pacific Dental, Rio Body Wax and Supercuts.
Dublin, Ohio and Miami — The Wendy’s Co. and REEF have formed a new development commitment to open and operate 700 delivery kitchens over the next five years across the U.S., Canada and the United Kingdom. Through this commitment, REEF will become the first Wendy’s franchisee in the United Kingdom. Wendy’s and REEF expect to open approximately 50 delivery kitchens in 2021, with the remainder launched by 2025.
Miami — Federal Realty Investment Trust, The Comras Co. and Grass River Property have signed five new retailers to join the tenant lineup at CocoWalk, a mixed-use shopping center in the Coconut Grove neighborhood of Miami. CocoWalk’s newest retailers include GlossLab, a membership-based nail studio based in New York that is set to open in summer 2022; Antidote Wellness Labs, a boutique fitness studio; Gas Bijoux, a jewelry brand based in Saint-Tropez; Skin Lab by Barba Skin Clinic; and 3D Brow Studio, which is a salon concept specializing in eyebrows. …
Milton, Fla. — Branch Properties has broken ground on Merganser Commons at Dogwood Estates, a Publix-anchored shopping center in Milton. The grocer will occupy 46,811 square feet and be the first Publix store in the city. Overall, Merganser Commons will span 66,921 square feet and feature retail, dining and service-oriented tenants. Branch Properties’ partner on the project is Merganser Enterprises LLC, a retail developer based in Smyrna, Georgia. Branch Properties plans to deliver the center in spring 2022.
Orlando, Fla. — Newport Capital Partners has acquired West Colonial Oaks, a 160,792-square-foot, grocery-anchored shopping center situated on the southwest corner of West Colonial Drive and North Hiawassee Road in Orlando. Newport Capital acquired the property through its Newport Capital Partners Fund III. The property was sourced and acquired off-market from a private investor. Newmark arranged acquisition financing through Ameris Bank. The seller and sales price were not disclosed. West Colonial Oaks is currently 94 percent leased and its largest tenant is national discount retailer Ollie’s Bargain Outlet. The property’s …