Thursday, November 28, 2024
Read the Digital Magazines
Subscribe

Florida

FinanceFloridaNewsRetailers

Aztec Group Arranges $18.5 Million Refinancing Loan for Retail Center in South Florida

by Alex Tostado

Pembroke Pines, Fla. — The Aztec Group has arranged an $18.5 million refinancing loan of an existing construction for Pembroke Centre in Pembroke Pines. Continental Casualty Co. provided the five-year, non-recourse, fixed-rate loan. The borrower, Hart Lyman Cos., delivered Pembroke Centre, a 37,900-square-foot shopping center, in 2017. Tenants include anchor Twin Peaks, Comcast, TooJay’s, AT&T, Firebirds, Pieology and Habit Burger. Howard Taft, Charles Penan and Joel Zusman of Atzec Group represented the borrower in the loan transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesNewsRetailers

JLL Negotiates $10.3 Million Sale of Four Retail Properties in Sarasota, Florida

by Alex Tostado

Sarasota, Fla. — JLL has arranged the sale of four retail properties in downtown Sarasota totaling 30,188 square feet. The four properties, which are situated on Main Street and Lemon Avenue, sold for $10.3 million. The properties were 89 percent leased at the time of sale to tenants including Sur La Table, Bluemercury, Eileen Fisher, Hyde Park Prime Steakhouse, Boca Kitchen, J. McLaughlin and Sara Campbell. Eric Williams, Daniel Finkle and Luis Castillo of JLL represented the seller, Lemon Avenue Partners LLC, in the transaction. The buyer was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFloridaNewsRetailers

Blackwater, Hutton Complete 161,000-Square-Foot Shopping Center Near Tampa

by Alex Tostado

Trinity, Fla. — A partnership between two developers, Alabama-based Blackwater Real Estate and Tennessee-based Hutton, has completed The Village at Mitchell Ranch, a 161,000-square-foot shopping center near Tampa. A 30,0000-square-foot Sprouts Farmers Market anchors the property, which is located at the intersection of State Route 54 and Little Road in Trinity. Other anchors include HomeGoods, Michaels, Five Below, Skechers and Ulta Beauty. Restaurant users include Burger King, Chipotle Mexican Grill and Panda Express, with more to be announced in the coming months.

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesNewsRetailers

SRS Arranges $11.8 Million Sale of Retail Center in Central Florida

by Alex Tostado

Viera, Fla. — SRS Real Estate Partners has negotiated the $11.8 million sale of Viera Colonnade Shops, a 27,051-square-foot retail center comprising three buildings, in Viera. The asset is situated at 2328, 2338 and 2348 Citadel Way, 35 miles east of downtown Orlando. The property was delivered in 2017 and 2018. Viera Colonnade is fully leased to 14 tenants, including UPS, Jersey Mike’s, Great Clips, Mattress One and Blaze Pizza. Additionally, all 14 tenants recently signed brand new 10-year triple-net leases with extension options. Patrick Luther and Matthew Mousavi of …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentEntertainmentFloridaLeasingNews

Three Fitness Studios to Open in Lake Nona Town Center

by Alex Tostado

Orlando, Fla. — Tavistock Development Co. has signed three leases with fitness studios to occupy space within Pixon, a 200-unit apartment complex with 32,500 square feet of retail space in Lake Nona Town Center. Neighborhood barre, Club Pilates and Rukus Cycling Studios are expected to open by the end of this year. Neighborhood barre will span 1,300 square feet. It will be the first location in Florida and fifth in the nation. Rukus Cycling Studio will occupy 2,600 square feet and include 44 stationary bikes. Club Pilates will be in …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaGrocery-anchoredInvestment salesNewsRetailers

Cushman & Wakefield Arranges $49 Million Sale of Whole Foods-Anchored Shopping Center in Southwest Florida

by Alex Tostado

Fort Myers, Fla. — Cushman & Wakefield has arranged the $49 million sale of Daniels Marketplace, a 106,739-square-foot shopping center in Fort Myers. The site, situated at 6891 Daniels Parkway, was fully leased at the time of the sale to tenants including Whole Foods Market, a salon, dentist, Pilates gym, dry cleaner, pet hospital and several fast-casual restaurants such as Mellow Mushroom and Panera Bread. There are also future development opportunities at the property. Fain Hicks, Mark Gilbert, Lane Breedlove, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaGrocery-anchoredInvestment salesNews

InvenTrust Purchases Costco-Anchored Shopping Center in South Florida for $97 Million

by Alex Tostado

Royal Palm Beach, Fla. — InvesTrust Properties Corp. has purchased Southern Palm Crossing, a Costco-anchored, 346,200-square-foot shopping center in Royal Palm Beach, for $97 million. Other tenants include Marshalls, HomeGoods and 24 Hour Fitness. The center is situated at 11001 Southern Blvd., 12 miles west of downtown West Palm Beach. The seller was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceFloridaMallsNewsRetailers

Bal Harbour Shops To Expand by 300,000 Square Feet

by Alex Tostado

Miami Beach, Fla. — Whitman Family Development is planning a 300,000-square-foot expansion of Bal Harbour Shops, including a new Barneys New York location and three-story promenade. The company has received $550 million in financing to expand the iconic center in Miami Beach. The 463,114-square-foot mall is home to anchors Saks Fifth Avenue and Neiman Marcus. Miami-based Whitman Family Development will use $150 million of the loan to pay off an existing loan and $400 million to expand the center by 300,000 square feet, bringing the total to 763,114 square feet. …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesNewsRetailers

NAI Realvest | Charles Wayne Arranges $2.7 Million Sale of Beachside Retail Center Near Daytona Beach

by Alex Tostado

Ormond Beach, Fla. — NAI Realvest | Charles Wayne Commercial has brokered the $2.7 million sale of Aliki Plaza, a 29,730-square-foot beachside shopping center near Daytona Beach. Built in 1985 at 378-404 S. Atlantic Ave. in Ormond Beach, the retail property was 90 percent leased at the time of sale to 18 tenants, including Daytona Beach Welcome Center, Weichert Hallmark Properties and Coldwell Banker Premier Properties. Charles Lichtigman and Brad Gifford of NAI Realvest | Charles Wayne negotiated the sale on behalf of the seller, Sunbelt Holdings Daytona LLC. Carl …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaGrocery-anchoredInvestment salesNewsRetailers

Plaza Advisors Arranges Sale of 90,328-Square-Foot Shopping Center in Metro Tampa

by Alex Tostado

Temple Terrace, Fla. — Plaza Advisors has arranged the sale of Temple Terrace Plaza, a 90,328-square-foot shopping center in Temple Terrace. The Winn Dixie-anchored property was 95 percent leased at the time of sale to tenants including the United States Post Office, Greenberg Dental, Sally Beauty, Rainbow, Mariner Finance and Sprint. Temple Terrace Plaza is located at 8837 N. 56th St., nine miles north of downtown Tampa. Jim Michalak and Keith Nurre of Plaza Advisors represented the seller, a REIT, in the transaction. The buyer was an undisclosed private equity …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts