Boca Raton, Fla. — Sprouts Farmers Market is set to open a 25,837-square-foot store at Shadowwood Square, a 220,426-square-foot retail center in Boca Raton. The space was formerly occupied by Stein Mart. Terranova Corp. arranged the 15-year lease deal with Sprouts, which is set to open next year. Located at 9789 Glades Road, the retail center is home to tenants including Bed Bath & Beyond, Old Navy and Regal Cinemas.
North Palm Beach, Fla. — A joint venture between American Commercial Realty Corp. and Investment Capital Partners has acquired Crystal Cove Commons, a 120,000-square-foot mixed-use property located in North Palm Beach. Robert Rivani of Black Lion Investment Group was the seller. The property includes 73,738 square feet of retail and 46,787 square feet of office space across three floors. Crystal Cove Commons is home to tenants including Cod & Capers, Cucina Cabana, Stormhouse Brewery, Fuse Specialty Appliances, USA Tile & Marble, Crystal Tree Carpet by STARK, Cabinets by Lenore and …
Haines City, Fla. — Marcus & Millichap has brokered the $13.8 million sale of Heart of Florida Shopping Center, a 131,501-square-foot retail property located in Haines City, about 23 miles from Lakeland. Tim Giambrone of Marcus & Millichap marketed the property on behalf of the seller, an undisclosed private investor. Giambrone also secured and represented the buyer, another undisclosed private investor. Ryan Nee of Marcus & Millichap assisted in closing the transaction. The property’s tenants include Big Lots, Tractor Supply and Dollar General Market.
Tampa, Fla. — CBRE has arranged the sale of Fowler Plaza North, a 25,619-square-foot retail center in Tampa. Lote Group purchased the property for $7.7 million. Mark Shellabarger and Ari Ravi of CBRE represented the seller, Milestone Properties Inc., in the transaction. Located on Fowler Avenue near the University of South Florida, the center is home to tenants such as Chipotle Mexican Grill, Cosmo Prof, Pizza Hut, Boost Mobile, Surterra and Little Greek restaurant.
Fort Pierce, Fla. — Stan Johnson Co. has brokered the sale of Harbour Cay, a 10,530-square-foot shopping center located at 825 Seaway Drive in Fort Pierce. Jeff Enck and Mike Philbin of Stan Johnson Co. represented the seller, a Jupiter, Florida-based developer. An individual investor from Lighthouse Point, Florida purchased the property for $4.1 million. Harbour Cay is fully leased to seven tenants and features a mix of restaurant and service tenants. All tenants operate on triple net leases which commenced in 2021 at the time construction was completed.
Apollo Beach, Fla. — CBRE has brokered the sale of Mirabay Village, a 94,697-square-foot neighborhood shopping center anchored by Winn-Dixie in Apollo Beach. Dennis Carson, Casey Rosen, Mark Shellabarger and Ari Ravi of CBRE represented the undisclosed seller in the transaction. The buyer is an affiliate of Daytona Beach, Florida-based The Root Co. Located at 252 Harbor Village Lane, the property was 98 percent leased at the time of sale.
Kissimmee, Fla. — SRS’ Investment Properties Group has brokered the sale of Kissimmee Korners, an 83,340-square-foot shopping center located roughly 25 miles outside Orlando in Kissimmee. The seller, an entity doing business as Kissimmee Korners LLP, sold the property to an entity doing business as WWX2 LLC for $14.3 million. Kevin Yaryan, Kyle Stonis and Pierce Mayson of SRS represented the seller in the transaction. Houwen Zhou of Lokation Real Estate represented the buyer. Kissimmee Korners includes two one-story, multi-tenant retail buildings and one medical office/retail building. The property was …
Miami Gardens, Fla. — Marcus & Millichap has brokered the $47 million sale of a two-property, 198,885-square-foot retail portfolio in Miami Gardens. The properties in the portfolio include Las Villas Market Square and Miami Gardens Shopping Plaza. Drew Kristol and Kirk Olson of Marcus & Millichap represented the seller, a private Miami Beach-based ownership group. Olson and Kristol also procured the buyer, a Brooklyn-based private investment group. Robert Bhat of Marcus & Millichap Capital Corp. arranged $35 million in financing for the acquisition of the two shopping centers. Located on …
Fort Lauderdale, Fla. — CBRE has arranged the $17.1 million sale of Galleria Plaza, a 24,807-square-foot, multi-tenant retail center in Fort Lauderdale. David Donnellan and Patricia Friend of CBRE represented the seller, Sunrise Investment Properties LLC, a Florida-based entity managed by Stiles Corp., in the transaction. Paul Ahmed and Mackenzie Lampman of CBRE Capital Markets secured acquisition financing on behalf of the buyer, Shawnick Galleria LLC, an entity affiliated with a California-based private investor. The long-term fixed rate loan was placed through an undisclosed life insurance company. Galleria Plaza is …
Doral, Fla. — Three new retailers have joined the tenant lineup at Westend on 87th Shopping Center in Doral. The latest businesses to join the shopping center are Idaca Imaging & Radiology Center; Cuz Miami, a technology focused event company showroom; and Tartara & Alemana, a Venezuelan food truck. With the three new tenants, Westend on 87th is now almost fully occupied with 29 of 34 spaces leased. The property is home to tenants including Sushi Sake, Diced, Manny’s Woodhouse Grill, Eparepa, Dunkin Donuts, Sabor Havana Cigars, Vape & Smoke, …