Saturday, May 18, 2024
Read the Digital Magazines
Subscribe

Florida

cass-square
DevelopmentFloridaMixed-useNews

LD&D Plans $200 Million Cass Square Mixed-Use Project in Tampa, Florida

by Katie Sloan

Tampa, Fla. — LD&D, an investment, development and design firm headquartered in Miami, has unveiled plans for its $200 million Cass Square mixed-use project in downtown Tampa. LD&D plans to break ground on Phase I of the project, a luxury multifamily tower, this summer. The 28-story multifamily building will be called DoMo at Cass Square. The high-rise community will offer 360 units, as well as more than 45,000 square feet of amenities, a 586-space parking podium and 32,500 square feet of ground-floor retail. Planned amenities include a wellness area, 10,000 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Glengary-Shoppes-Sarasota
FloridaInvestment salesNews

Colliers Arranges $30.5 Million Sale of Shopping Center in Sarasota, Florida

by Hayden Spiess

Sarasota, Fla. — Colliers has arranged the $30.5 million sale of Glengary Shoppes, a 95,489-square-foot shopping center located along South Tamiami Trail in Sarasota. Benderson Development purchased the property from Jacksonville-based REIT Regency Centers. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller in the transaction. Built in 1995, Glengary Shoppes was 97 percent leased at the time of sale to tenants including Best Buy and Barnes & Noble. Regions Bank and IHOP occupy outparcels at the shopping center.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArkansasCaliforniaCompany newsFloridaGeorgiaIndianaInvestment salesMarylandNew JerseyNewsPennsylvaniaVirginiaWashington DC

Avison Young Acquires Madison Marquette Retail Platform, 6.1 Million-Square-Foot Portfolio

by Hayden Spiess

Toronto, Canada and Washington, D.C. — Avison Young has entered into an agreement to acquire Madison Marquette’s retail platform for an undisclosed price. The acquisition will include the Washington, D.C.-based firm’s retail property management, marketing and leasing services throughout the U.S.; and a portfolio comprising more than 6.1 million square feet of properties managed and leased by Madison Marquette. Madison Marquette teams will integrate with those of Toronto, Canada-based Avison Young in Los Angeles, New Jersey, Philadelphia, Indiana, Arkansas, Maryland, Virginia, Atlanta and Florida, and the acquisition expands Avison Young’s presence …

Continue Reading
0 FacebookTwitterLinkedinEmail
Grove-Central_Miami
DevelopmentFloridaMixed-useNews

Terra, Grass River Property Complete Grove Central Mixed-Use Development in Miami

by Hayden Spiess

Miami — Terra and Grass River Property, two Miami-based development firms, have completed construction of Grove Central, a transit-oriented, mixed-use development in Miami’s Coconut Grove neighborhood. The property comprises a 23-story apartment tower, 1,250-space public parking garage and 170,000 square feet of retail space leased to tenants including Target and Sprouts Farmers Market. Grove Central is a public-private partnership between the co-developers and Miami-Dade County, which owns the land. The development is located at the intersection of US Highway 1 and SW 27th Avenue and connects to the adjacent Coconut Grove …

Continue Reading
1 FacebookTwitterLinkedinEmail
Galt-Ocean-Marketplace_Fort-Lauderdale-Fla
FinanceFloridaGrocery-anchoredNews

CBRE Secures $17 Million Refinancing for Shopping Center in South Florida

by Hayden Spiess

Fort Lauderdale, Fla. — CBRE has secured a $17 million loan for the refinancing of Galt Ocean Marketplace, a 105,589-square-foot shopping center located in Fort Lauderdale. Winn-Dixie anchors the property, which was built in 1988 and was 96 percent occupied at the time of sale. Other tenants at the center include CVS/pharmacy, Holy Cross Hospital and McDonalds. Kitson & Partners acquired the property in 2006. Ahmed and Mackenzie Lampman of CBRE arranged the financing through a regional bank on behalf of the borrower. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Publix-Merganser-Commons_LaGrange
FinanceFloridaGeorgiaGrocery-anchoredInvestment salesNews

BWE Secures $16 Million Financing for Two Shopping Centers in Florida, Georgia

by Hayden Spiess

West Palm Beach, Fla. and LaGrange, Ga. — BWE has secured two loans totaling $16 million for the financing of a pair of shopping centers located in Florida and Georgia. The deals include a $6 million loan for the refinancing of Palm Beach Commons, a 70,000-square-foot, Family Dollar-anchored retail center in West Palm Beach; and a $10 million acquisition loan for Publix at Merganser Commons, a newly built, Publix-anchored shopping center spanning 46,791 square feet in LaGrange. Logan Petersmeyer of BWE originated both loans, which are underwritten with full-term, interest-only payments. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Skechers
FloridaLeasingNews

Skechers Opens Two Stores Totaling 22,340 Square Feet in South Florida

by Hayden Spiess

Fort Lauderdale and Pembroke Pines, Fla. — Footwear brand Skechers has opened two new stores in South Florida. In Fort Lauderdale, the retailer now occupies 8,840 square feet within Bal Harbour Square. In Pembroke Pines, Skechers has opened a 13,500-square-foot store situated within West Fork Plaza. Steve Miller of The Rotella Group represented the tenant in the lease negotiations. 

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaCompany newsDevelopmentFloridaHawaiiNewsRestaurants

Pepper Lunch Signs Deals to Open 20 Restaurants in Florida, Hawaii

by Hayden Spiess

Japanese fast-casual concept Pepper Lunch has signed two deals to open 20 restaurants in Florida and Hawaii. The first agreement includes plans for 10 units in Florida in the Tampa, Orlando and Gainesville markets. The Majestic Restaurant Group will operate the restaurants, with the first opening scheduled for the third quarter of 2024. In Hawaii, NiKU LLC will develop an additional 10 restaurants. The opening of the first unit is scheduled for the first quarter of 2025, with initial development focused on Honolulu and the greater island of Oahu. Established …

Continue Reading
0 FacebookTwitterLinkedinEmail
Cypress-Run-Marketplace_Coral-Springs-Fla
FloridaGrocery-anchoredInvestment salesNews

CRC Sells Cypress Run Marketplace in Coral Springs, Florida for $23.3 Million

by Hayden Spiess

Coral Springs, Fla. — Continental Realty Corp. (CRC) has sold Cypress Run Marketplace, an 87,000-square foot retail center located in Coral Springs, for $23.3 million. The Q.V.H. Corp. acquired the property, which was constructed in 1989 and was fully leased at the time of sale. Walmart Neighborhood Market anchors the center, and Popeye’s Louisiana Kitchen recently signed a 15-year lease at the property. CRC originally acquired Cypress Run Marketplace in 2015 for $13.6 million and executed more than 17,000 square feet of leases during its ownership. Dennis Carson, Sriram Rajan and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Melbourne-Shopping-Center_Melbourne-Fla
FloridaGrocery-anchoredInvestment salesNews

Brookwood Financial Partners Acquires 211,006-Square-Foot Retail Center in Melbourne, Florida

by Hayden Spiess

Melbourne, Fla. — Brookwood Financial Partners has acquired Melbourne Shopping Center, a 211,006-square-foot retail center located in Melbourne. Built in 1959 and renovated in 2022, the property was 92.4 percent leased at the time of sale. Publix anchors the center. Other tenants include Big Lots, Beall’s Outlet, Conn’s, Club 4 Fitness, Dollar Tree, Pet Supermarket, CATO, Pizza Hut and Firestone Complete Auto Care. Danny Finkle, Jorge Portela and Eric Williams of JLL Capital Markets arranged the transaction on behalf of the seller. Andrew Gray and Ryan Parker of JLL secured financing …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts