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Conn’s HomePlus to Open Two Stores in Metro Tampa

by Alex Tostado

Tampa and Bradenton, Fla. — Conn’s HomePlus, a furniture, mattress and home appliances retailer, will open a store in Tampa’s Horizon Park shopping center and Bradenton’s Cortez Plaza on Feb. 5. The stores will combine to span more than 87,000 square feet. Horizon Park is located at 3908 W. Hillsborough Ave., six miles northeast of downtown Tampa. Cortez Plaza is situated at 4495 14th St. W., 43 miles south of downtown Tampa. Conn’s plans to host grand opening events at each store this spring. The Woodlands, Texas-based retailer operates 149 …

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FloridaInvestment salesNewsRetailers

Tiktin Real Estate Negotiates $4.9 Million Sale of Property Leased to 7-Eleven in Metro Orlando

by Alex Tostado

Winter Garden, Fla. — Tiktin Real Estate Investment Services (TREIS) has negotiated the $4.9 million sale of a 4,794-square-foot building leased to 7-Eleven in Winter Garden. The freestanding building is located at 4200 Winter Garden Vineland Road, 16 miles west of downtown Orlando. A Mobil gas station on the property was not included in the sale. Stablewood Properties acquired the property from an entity doing business as 600 East LLC. Adam Tiktin, Alejandro Snyder and Michael Williams of TREIS represented both the seller and buyer in the transaction.

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FloridaGeorgiaGrocery-anchoredInvestment salesNewsNorth CarolinaRetailers

Slate Grocery REIT to Acquire Five Grocery-Anchored Properties in Three States for $54.3 Million

by Alex Tostado

Toronto — Slate Grocery REIT has entered into an agreement to acquire five grocery-anchored shopping centers in North Carolina, Florida and Georgia for $54.3 million. The five assets comprise 396,471 square feet and were 95 percent leased at the time of sale. The three North Carolina properties are Bells Fork, a 71,666-square-foot center in Greenville anchored by Harris Teeter; Tanglewood Commons, a 78,520-square-foot property in Winston-Salem anchored by Harris Teeter; and Westin Center, a 66,890-square-foot, Food Lion-anchored asset in Fayetteville. The Florida property is Mission Hills, an 85,078-square-foot property in …

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FloridaGrocery-anchoredInvestment salesNewsRetailers

Crossman & Co. Brokers $15.4 Million Sale of Retail Center Near Orlando

by Alex Tostado

Orange City, Fla. — Crossman & Co. has brokered the $15.4 million sale of Orange City Marketplace, a 172,079-square-foot retail center in Orange City. The property was leased to Orange City Racing & Card Club, Planet Fitness and Dollar General as well as other national and local tenants at the time of sale. The asset is situated at 816 Saxon Blvd., 30 miles north of downtown Orlando. Brian Carolan of Crossman & Co. represented the sellers, Scott Crossman and Daryl Carter, in the transaction. The buyer was not disclosed.

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FloridaInvestment salesLeasingNet leaseNewsRetailers

SRS Arranges $4.2 Million Ground Lease Sale of Wawa-Occupied Gas Station in Orlando

by Alex Tostado

Orlando, Fla. — SRS Real Estate Partners has arranged the $4.2 million ground lease sale of a 1.9-acre parcel leased to Wawa in Orlando. The property comprises eight gas pumps and a 5,615-square-foot convenience store. Wawa occupies the space on a triple-net lease with 12 years remaining on the corporate-guaranteed lease. The property is situated at 4700 S. Goldenrod Road, nine miles southeast of downtown Orlando. Patrick Nutt and Connor Barton of SRS represented the buyer, a New York-based private investor. Mark Thompson and Eric Parrs of STNL represented the …

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Company newsFloridaNewsRestaurants

Darden Restaurants Reports 19.4 Percent Decline in Fiscal Second-Quarter Revenue

by Alex Tostado

Orlando, Fla. — Darden Restaurants Inc. has reported a 19.4 percent decline in total year-over-year revenues during its fiscal year 2021 second quarter, the company said Friday. Orlando-based Darden’s second quarter ended Nov. 29 with $1.66 billion in total revenue compared with $2.06 billion in fiscal second-quarter 2020. Darden owns restaurant brands including Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V’s. Darden reports that Olive Garden year-over-year sales dipped 19 percent to $829.5 million. LongHorn Steakhouse sales fell 8.9 …

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Company newsEntertainmentFloridaNews

Drive Shack to Reopen 65,000-Square-Foot Location in Orlando on Friday

by Alex Tostado

Orlando, Fla. — Drive Shack Inc. will reopen its 65,000-square-foot location in Orlando on Friday, Dec. 18. The location closed earlier this spring in accordance with local COVID-19 guidelines. The venue is located at 7285 Corner Drive, 21 miles southeast of downtown Orlando. It is open from 3 p.m. to 11 p.m. Monday through Thursday and from noon to 11 p.m. Friday through Sunday. The location will operate with restrictive and precautionary measures in place, including enhanced cleaning and sanitization protocols, capacity limitations, social distancing measures and certain restrictions on …

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FloridaLeasingNewsRestaurantsRetailers

CocoWalk Welcomes Eight Retailers to its Lineup

by Alex Tostado

Miami — Federal Realty Investment Trust, The Comras Co. and Grass River Property have welcomed eight new retailers to their CocoWalk development in Miami. The three retailers that recently opened are vegetarian restaurant Planta Queen and women’s clothing and accessory retailers Free People Movement and Edite Mode. The five retailers that are expected to open this month are men’s beachwear retailer Europann, Mr. 01 Extraordinary Pizza, shoe retailer Sportive, Edward Beiner Eyewear and music store The School of Rock. The retail space at CocoWalk spans 150,000 square feet and surrounds …

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Company newsFloridaNews

Sonny’s Enterprises Agrees to Buy Lone Star Car Wash Systems

by Alex Tostado

Tamarac, Fla. — Sonny’s Enterprises has entered into an agreement to buy Lone Star Car Wash Systems for an undisclosed price. Sonny’s will use the acquisition of the Texas-based car wash company to expand and create Sonny’s CarWash Services of Texas. The Tamarac, Florida-based buyer says current car wash owners and potential investors will have a local team to rely on for help with everything from equipment and chemistry, to site and management consulting, maintenance and repair. “Our proposal to acquire Lone Star was an easy decision because it allows …

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FloridaInvestment salesNewsRetailers

IPA Arranges $20.5 Million Sale of Shopping Center in South Florida

by Alex Tostado

Weston, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $20.5 million sale of Waterway Shoppes of Weston, a 36,000-square-foot shopping center in Weston. The asset was built in 1999 on five acres at the intersection of Weston Road and North Commerce Parkway, 18 miles west of downtown Fort Lauderdale. Tenants at the property include Hooter’s, Posh Nails, CycleBar, Bank United, Baru Latin Bar, Lucille’s American Café and Offerdahl’s Off-the-Grill. Waterway Shoppes of Weston offers outdoor seating overlooking a body of water for its …

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