Florida

Davie Plaza

Davie, Fla. — Franklin Street has arranged the $6.3 million sale of Davie Plaza, a 24,623-square-foot shopping center located in Davie. Greg Matus and Jonathan De Maa of Franklin Street represented a local private investor in acquiring the property. An entity doing business as Davie Investments LLC was the seller. Located at 7110-7162 Stirling Road in South Florida’s Broward County, Davie Plaza is situated on the corner of Stirling and Davie roads and is surrounded by neighboring retail plazas, as well as several multifamily development projects. The 1970s-era property was …

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Starbucks

Culver City, Calif., Alexandria, La. and Ocala, Fla. — Hanley Investment Group Real Estate Advisors and Enduring Real Estate have brokered the sales of three, single-tenant net lease retail properties occupied by Starbucks. The combined total of the sales was approximately $10 million. One of the properties, a 2,249-square-foot building in Culver City, is located at 12313 Jefferson Blvd. and does not have a drive-thru. Built in 2007, the building is situated at the entrance to Playa Vista, which is home to Facebook, Google, Microsoft, Yahoo, YouTube, Fox Sports, Nike …

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St. Johns Town Center

Jacksonville, Fla. — JLL Capital Markets has arranged the sale of St. John’s Town Center North, a 113,139-square-foot shopping center in Jacksonville. Danny Finkle and Eric Williams of JLL represented the seller, American Realty Advisors LLC. An affiliate of Core Investment Management acquired the property for an undisclosed price. St. John’s Town Center North is situated on 14.2 acres at 4413-4507 Town Center Parkway North adjacent to St. John’s Town Center. Constructed between 2006 and 2007, St. John’s Town Center North is fully leased and is anchored by Publix and …

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Miami Worldcenter

Miami — Four restaurants have signed leases at Miami Worldcenter, the $4 billion, 27-acre mixed-use development downtown. The four restaurants are Chicago-based steakhouse Maple & Ash; Etta, a neighborhood restaurant centered around a wood-fired hearth; Laurel Brasserie and El Vecino, both concepts by Miami chef Michael Beltran. All four restaurants are slated to open in 2022.

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Riverview Town Centre

Riverview, Fla. — Plaza Advisors has arranged the sale of Riverview Town Centre, a 46,002-square-foot retail plaza located in Riverview. The shopping center is located at the intersection of U.S. 301 and Gibsonton Drive. Riverview Town Centre is shadow-anchored by a Lowe’s Home Improvement store, and was 93 percent occupied at the time of sale with tenants including Amscot, Sport Clips, Dickey’s BBQ, Rent King and Mattress Firm. The center was constructed in 2006 and was sold by the original developer. The buyer, Riverview Town Centre LLC, is a private …

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Miramar, Fla. — SRS Real Estate Partners has arranged the $7.3 million sale of a 1.7-acre retail site at 1700 S. Douglas in Miramar. The property will have a new 6,119-square-foot Wawa convenience store and 16-pump gas station. The property has a new 20-year ground lease in place with Wawa as the tenant. Wawa will break ground summer 2021 with plans to open the store approximately in the first quarter 2022. Patrick Nutt of SRS represented the seller, a Florida-based merchant developer, in the NNN transaction. The buyer was a …

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Broward Plaza

Davie, Fla. — Tiktin Real Estate Investment Services (TREIS) has arranged the $12.8 million sale of Broward Plaza, a 74,300-square-foot retail center located at 4803-4963 S. State Rd. 7 in Davie. An outparcel with a Miami Grill location was included as part of the sale. Broward Plaza, anchored by BrandsMartUSA, Dollar General and Big Chef, has a total of 17 tenants. El-Ad Broward Plaza LLC, an entity of El-Ad National Properties, acquired the 8.2-acre property from Saber Griffin Two LLC. Adam J. Tiktin of TREIS, represented both the buyer and …

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7 Eleven

Naples, Fla. — Quantum Real Estate Advisors Inc. has brokered the $6.1 million sale of a single-tenant, 7-Eleven location at 4704 Golden Gate Parkway in Naples. At the time of sale, there were approximately 14 years remaining on the 15-year 7-Eleven lease. The seller was a Midwest-based real estate investor and developer, while the buyer was a California-based 1031 exchange investor. Dan Waszak and Zack Hilgendorf of Chicago-based Quantum Real Estate Advisors Inc. represented the seller.

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Sawyers Walk

Miami — Swerdlow Group has broken ground on Sawyer’s Walk, a 1.4 million-square-foot mixed-use development in Miami’s Overtown neighborhood that will include 250,000 square feet of retail space below 578 apartments designated for low-income seniors. Swerdlow Group is collaborating with the Southeast Overtown/Park West Community Redevelopment Agency (CRA) on the $300 million project. Swerdlow Group and its partners, Delray Beach, Florida-based SJM Partners and Miami-based Alben Duffie, acquired the 3.4-acre property at 249 NW 6th St. from the Community Redevelopment Agency for $10 million. Construction is scheduled for completion in …

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16000 Pines Market

Pembroke Pines, Fla. — Thorofare Capital Inc. has provided $43.7 million in senior mortgage financing to an entity managed by Miami-based Terra for 16000 Pines Market, a 135,000-square-foot mixed-use development nearing completion in Pembroke Pines. Keith Kurland, Jackson Sastri and Ian Hawk of Walker & Dunlop arranged the financing. Terra will utilize the loan proceeds to finish construction, capitalize tenant improvements/leasing commissions and carry the project until it’s stabilized. The first phase of construction for 16000 Pines Market was completed earlier this year, with construction of Phase II now underway …

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