Florida

Pinecrest, Fla. — A joint venture between Limestone Asset Management and Orion Real Estate Group has acquired Pinecrest Town Center, a mixed-use retail and office property located 11 miles outside Miami in Pinecrest, for $32 million. Limestone Asset Management will assume an existing mortgage on the property. Pinecrest Town Center features 60,484 square feet of retail space and 33,691 square feet of office space. Tenants at the property include Sage Dental, EWM, Coldwell Banker, Anacapri Italian Restaurant and Sea Siam. The entire site includes 225,255 square feet of land, and …

Plantation, Fla. — RK Centers has purchased Veranda Shoppes, a 45,000-square-foot shopping center in Plantation. The property is situated on 4.2 acres at 550 N. Pine Island Road. Adam Feinstein of Cushman & Wakefield represented the seller, Jacksonville-based Regency Centers, in the $17 million transaction. The Publix-anchored center is leased to tenants such as Anthony’s Coal Fired Pizza, Pei Wei Asian Diner, Dunkin’, Venetian Nails Spa and the Banfield Pet Hospital.

Fort Myers, Fla. — JLL Capital Markets has arranged the $15.5 million sale of Daniels Crossing, a 112,003-square-foot neighborhood shopping center anchored by Publix in Fort Myers. Danny Finkle, Luis Castillo and Eric Williams of JLL represented the sellers, EverWest Real Estate Investors LLC and Stiles Corporation, in the disposition of the property to Forge Capital Partners. Daniels Crossing is 70.5 percent occupied and with a mix of essential, restaurant and service tenants. The property is situated on 15.9 acres at 6900 Daniels Parkway at the intersection of Daniels Parkway …

Naples, Fla. — JLL Capital Markets has brokered the sale of Mission Hills Shopping Center, a fully leased, 85,078-square-foot shopping center anchored by Winn-Dixie in Naples. Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller, Phillips Edison & Company Inc. Slate Grocery REIT acquired the center for an undisclosed price. Completed in 2005, Mission Hills Shopping Center was renovated in 2018 and features 17 service-oriented tenants, with 85 percent deemed “essential.” The center is situated on 18.8 acres at 7550 Mission Hills Drive, about 37 miles from …

St. Pete Beach, Fla. — Marcus & Millichap has arranged the $2.6 million sale of Mulligan’s Plaza, an 18,750-square-foot retail property located in St. Pete Beach.  Evan Cannan and James Medefind of Marcus & Millichap marketed the property on behalf of the seller, a private investor known as Mulligans Plaza LLC. Cannan and Medefind also represented and secured the undisclosed buyer, a private investor. According to Cannan, the property was closed at full list price and at a 5 percent cap rate.  Mulligan’s Plaza is located at 9524 Blind Pass Road, …