Newport Beach, Calif. and West Palm Beach, Fla. — Industry veterans Julius Swolsky, Shannon Bona and Don Bingham have launched CrownPoint Partners, a national brokerage and advisory firm focused on net-lease and sale-leaseback transactions across retail, industrial, office, medical and special-purpose sectors. The company will offer services including investment sales and acquisitions, sale-leasebacks and strategic analyses. Swolsky, Bona and Bingham have closed over $3 billion in sales volume across 750 transactions nationwide in the plast five years with their former company, Graystone Capital Advisors. CrownPoint Partners is headquartered in Newport …
Orlando, Fla. — Colliers has arranged the sale of the Narcoossee Cove retail complex to five different buyers for a total of approximately $31 million. Completed in 2024 and situated on 7.7 acres, the property consists of six retail outparcels comprising 36,100 square feet. The transactions include Miller’s Ale House, Fifth Third Bank, Discount Tire, Raising Cane’s and two multi-tenant retail strip centers. Additionally, a roughly 1-acre parcel of land located between Miller’s Ale House and Discount Tire was sold. Michael Brewster and Tommy Isola of Colliers’ Orlando office represented …
Tallahassee, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $24 million sale of Westend Square, a 152,335-square-foot shopping center in Tallahassee. Renovated in 2022, Aldi shadow-anchors the center. Tenants at the property — which was 98 percent leased at the time of sale — include Five Below, Planet Fitness, Pet Supermarket, Aaron’s Rent To Own, Little Caesars Pizza, the U.S. Post Office and Citi Trends. Douglas Mandel of IPA represented the seller, Steven Leoni, and procured the buyer, New York-based Milbrook Properties, in …
Temple Terrace, Fla. — SRS Real Estate Partners has brokered the $4 million sale of Telecom Village, a 6,323-square-foot multi-tenant retail property in the Tampa suburb of Temple Terrace. The property — which sits on roughly 1.1 acre — was fully leased at the time of sale by four tenants including Foxtail Coffee Co., Zoom Tan, Hummus Republic and Barberitos. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based private investor, in the transaction. The buyer was a Tampa-based private investor who purchased the property with a …
Miami — Marcus & Millichap has facilitated the $8.4 million sale of Blue Grotto Plaza, an 11,890-square-foot retail center located in Miami. Built in 1973 and renovated in 2023, the multi-tenant property features a mix of service-oriented businesses and food-and-beverage tenants, including 10 retail spaces and 68 parking spaces. Jonathan De La Rosa and Matthew Albregts of Marcus & Millichap marketed the property on behalf of the seller, Minkin Enterprises Inc., and procured the buyer, OMAC Real Estate LLC, in the transaction.
Altamonte Springs, Fla. — Denver-based Sagard Real Estate (formerly Everwest Real Estate Investors) has sold Marketplace at Altamonte, a 335,995-square-foot retail center located in Altamonte, roughly 16 miles outside Orlando. According to the Orlando Business Journal, an entity associated with Centro Property Management LLC, purchased the property for $28.9 million from Sagard’s core equity fund. The center was 55 percent occupied at the time of sale with tenants including Burlington, Ross Dress for Less and Total Wine & More. Sagard originally acquired the center in 2005.
Doral, Fla. — Marcus & Millichap has arranged the $9.7 million sale of Doral Shops & Professional Center located in Doral, approximately 13 miles west of downtown Miami. The property spans 15,314 square feet and features nine tenants operating on a triple-net lease basis, including South Dental Doral, Doral Physical Therapy, Uni K Wax and La Coriana. Scott Sandelin and Edward Romo of Marcus & Millichap represented the undisclosed seller and procured the buyer in the transaction.
Gibsonton, Fla. — Marcus & Millichap has brokered the $6.1 million sale of Kings Lake Center, a retail strip center located in Gibsonton, roughly 10 miles outside Tampa. The 15,000-square-foot property was fully leased at the time of sale. Eric Abbott and Zach Taylor of Marcus & Millichap represented the seller, Blissett Hayes Big Bend LLC, in the transaction. Marcus & Millichap also procured the 1031-exchange buyer, Pacific West Land LLC. Ryan Nee is the firm’s broker of record in Florida.
Miami — Major League Baseball’s Miami Marlins have formed a partnership with The Cordish Companies to develop Miami Live! at loanDepot Park, the home ballpark of the Marlins. The entertainment destination in the city’s Little Havana neighborhood will feature indoor-outdoor dining and entertainment spaces aimed at elevating the fan experience, including year-round space activations. The official opening of Miami Live! is anticipated for early 2026. LoanDepot Park opened in 2012 and hosts events such as the World Baseball Classic, Caribbean Series and Choque de Gigantes in addition to Marlins home …
Jacksonville, Fla. — Kimco Realty has acquired The Markets at Town Center, a 254,000-square-foot shopping mall located in Jacksonville, for $108 million. Sprouts Farmers Market anchors the property, which was built in 2008. Other tenants at the center, which was 97 percent leased at the time of sale, include Ulta Beauty, Cooper’s Hawk Winery & Restaurant, Five Below, REI, J. Crew, Ballard Designs, Nordstrom Rack, DXL Big & Tall, Gen Korean BBQ House and Chipotle Mexican Grill. Kimco acquired the property through its Structured Investment Program, which provides mezzanine financing …