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Village Square at Golf
FloridaGrocery-anchoredInvestment salesNews

IPA Brokers $31 Million Sale of Shopping Center in Boynton Beach, Florida

by Hayden Spiess

Boynton Beach, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $31 million sale of Village Square at Golf, a 135,133-square-foot shopping center located in Boynton Beach. KC Market anchors the property, which was built in 1983 and renovated in 2012. Other tenants at the center, which was 93 percent occupied at the time of sale, include Enterprise Rent-A-Car, Quest Diagnostics, The UPS Store, Boynton Quality Medical Center and Anthony’s Ladies’ Apparel. Kirk Olson and Drew Kristol of IPA represented the seller, a publicly traded …

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Park Plaza
FloridaInvestment salesMixed-useNews

Benderson Acquires 25,000-Square-Foot Mixed-Use Property in Metro Orlando 

by Hayden Spiess

Winter Park, Fla. — Benderson Development has acquired Park Plaza, a 25,000-square-foot mixed-use property located in University Park, approximately six miles outside Orlando. The building features a 28-room boutique hotel as well as retail space. Benderson also recently acquired the Cypress Trace and Carillon Place shopping centers in Fort Myers and Naples.

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Cypress-Trace_Fort-Myers-Fla
FloridaGrocery-anchoredInvestment salesNews

Benderson Acquires 280,000-Square-Foot Retail Center in Fort Myers, Florida

by Hayden Spiess

Fort Myers, Fla. — Benderson Development has acquired Cypress Trace, a 280,000-square-foot retail center located in Fort Myers. Winn-Dixie anchors the property, which spans 29 acres. Other tenants at the center include Five Below, Burlington and Ross Dress for Less. Benderson’s other recent acquisitions in the state include Carillon Place in Naples, North River Marketplace in Venice, Glengary Shoppes in Sarasota and Linton Commons in Delray Beach. 

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Orange-Avenue-Plaza_Orlando-Fla
FloridaInvestment salesNews

Marcus & Millichap Negotiates $6 Million Sale of Retail Center in Orlando, Florida

by Hayden Spiess

Orlando, Fla. — Marcus & Millichap has negotiated the $6 million sale of Orange Avenue Plaza, a retail center located in Orlando. Situated near Orlando’s downtown business district, the property comprises seven units. Tarek Chbeir of Marcus & Millichap represented the undisclosed seller in the transaction. 

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BurgerFi-Kissimmeee
Company newsFinanceFloridaNewsRestaurants

Restaurant Chain BurgerFi Files for Chapter 11 Bankruptcy Protection

by Hayden Spiess

Fort Lauderdale, Fla. — BurgerFi International (NASDAQ: BFI) has filed for voluntary Chapter 11 bankruptcy protection. The Fort Lauderdale-based company operates under two brands: BurgerFi and Anthony’s Coal Fired Pizza & Wings. The two entities have a total of 144 restaurants open across the United States, Puerto Rico and Saudi Arabia.  The filing pertains to 67 corporately owned locations operating under both the BurgerFi and Anthony’s banners. The remaining 77 franchisee-owned locations are excluded from the filing, with the company’s total portfolio expected to remain open and continue normal operations.  BurgerFi …

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FloridaLeasingNews

Four New Tenants Sign Leases at Promenade at Coconut Creek in Florida

by Hayden Spiess

Coconut Creek, Fla. — Four new tenants have signed leases at Promenade at Coconut Creek, a shopping center located in Coconut Creek. Fragrance store Orientica is now open at the property, within a 1,045-square-foot space. Karma Bath & Body Co. is scheduled to open a 1,868-square-foot store later this month, and My Phone Lab and Happy Monkey will occupy 1,801 and 1,000 square feet, respectively, beginning in October. Avison Young manages and leases Promenade at Coconut Creek. 

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College-Plaza_Fort-Myers-Fla
FloridaInvestment salesNews

CBRE Brokers $14.6 Million Sale of College Plaza Retail Center in Fort Myers, Florida

by Hayden Spiess

Fort Myers, Fla. — CBRE has brokered the $14.6 million sale of College Plaza, a retail center located in Fort Myers. An entity doing business as College Plaza Center LLC acquired the property from an entity doing business as College Venture 1 LLC. Jim Shiebler of CBRE represented both the buyer and seller in the transaction. Tenants at College Plaza, which totals 56,386 square feet, include Ada’s Natural Market, West Marine and Pet Supermarket. The center also features an outparcel occupied by Five Guys, Tijuana Flats and The Good Feet Store. 

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FloridaGrocery-anchoredInvestment salesNew JerseyNews

PGIM Sells Grocery-Anchored Shopping Center Portfolio in Florida for $223.9 Million

by Hayden Spiess

Newark, N.J. — New Jersey-based PGIM Real Estate has sold a portfolio of seven grocery-anchored shopping centers in Florida. An undisclosed buyer purchased the portfolio, which comprises a total of 608,314 square feet of retail space, for $223.9 million. Danny Finkle, Eric Williams, Jorge Portela and Kim Flores of JLL represented PGIM in the disposition. Properties in the portfolio include Crestwood Square in Royal Palm Beach; Davie Shopping Center and Regency Square in Davie; Gladiolus Gateway in Fort Myers; Town Center at Orange Lake and Village Shops at Bellalago in Kissimmee; …

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Causeway-Shopping-Center_Melbourne-Fla
FloridaInvestment salesNews

TSCG Brokers $16.5 Million Sale of Causeway Shopping Center in Florida

by Hayden Spiess

Melbourne, Fla. — The Shopping Center Group (TSCG) has brokered the $16.5 million sale of Causeway Shopping Center in Melbourne. Ross Dress for Less, Michaels and Bealls anchor the property, which totals 111,816 square feet. Anthony Blanco of TSCG represented the seller, a joint venture between Forge Capital Partners and The Sembler Co. Darrell Deshaw of Western Retail Advisors represented the California-based buyer. Originally built in 1966 and renovated in 2008, the center was 85 percent leased at the time of sale. 

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ArizonaCaliforniaFloridaGeorgiaInvestment salesKentuckyLouisianaNevadaNewsNorth CarolinaPennsylvaniaRestaurantsSouth CarolinaTennessee

FCPT Purchases 20 Bloomin’ Brands Restaurant Properties for $66.4 Million 

by Hayden Spiess

Mill Valley, Calif. — Four Corners Property Trust (FCPT) has purchased 20 restaurant properties occupied by Bloomin’ Brands concepts for $66.4 million dollars. Located in Arizona, Florida, Georgia, Kentucky, Louisiana, North Carolina, Nevada, Pennsylvania, South Carolina and Tennessee, the portfolio includes 10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, with one dual-tenant property occupied by both concepts. The properties are leased to corporate Bloomin’ Brands entities on two master leases. This transaction makes Bloomin’ Brands the third largest tenant for FCPT, accounting for 3.3 percent of cash rent for …

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