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 …
Florida
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 …
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 …
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.
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 …
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 …
Miami and Tampa, Fla. — Organic food restaurant Naked Farmer is set to open two new locations in Southern Florida. The restaurant signed a 1,900-square-foot lease at 137 Giralda Ave. in downtown Coral Gables; and a second 1,900-square-foot lease at Water Street in downtown Tampa. The farm-to-table concept opened its flagship location in Florida last June and plans to expand to an additional 15 to 20 locations throughout the state over the next three to four years. JLL’s retail advisory team oversaw the new lease signings and will continue to …
Miami and Fort Lauderdale, Fla. — Colliers has arranged two leases for restaurant Coyo Taco in downtown Fort Lauderdale and South Miami. Jenny Gefen of Colliers represented Coyo Taco in both transactions. In South Miami, the restaurant will be opening in a 3,819-square-foot freestanding building formerly occupied by Spring Chicken at 1514 S. Dixie Highway. Cushman & Wakefield represented the landlord in the transaction. In downtown Fort Lauderdale, Coyo Taco will also be opening in a 2,905-square-foot space formerly occupied by Suviche restaurant in Bank of America Plaza at 401 …
Miami, Fla. — A joint venture between Miami-based Limestone Asset Management and Orion Real Estate Group has acquired a 27-property Walgreens portfolio for $133 million. Wells Fargo provided financing for the acquisition, which was led by Kevin Sanz of Orion. Brian Pfohl and Maury Vanden Eykel of CBRE Inc. represented the seller in the transaction. Further details on the Walgreens properties were not disclosed.
Estero, Fla. — JLL Capital Markets has brokered the $14.4 million sale of a 29,896-square-foot single-tenant grocery store in Estero leased to Sprouts Farmers Market. Michael Brewster, Brad Peterson and Tommy Isola of JLL represented the seller, GBT Realty, in the transaction. An undisclosed private investor purchased the property. The Sprouts store is located at 19990 S. Tamiami Trail in metro Fort Myers.