Florida

Tampa, Fla. — Funds managed by Cohen & Steers and Acadia Realty Trust have acquired The Walk at Highwoods, a 141,000-square-foot retail center located in Tampa. Tenants at the property, which was fully occupied at the time of sale, include HomeGoods, Michael’s, Dunkin’ Donuts, F45 Training and European Wax Center. “Open-air shopping centers are well positioned entering a new economic cycle, given robust demand and limited new retail construction,” says James Corl, head of the private real estate group at Cohen & Steers. 

Winter Haven, Fla. — Legacy Realty Group Advisors has arranged the $10.3 million sale of Winter Haven Medical Plaza, a retail center located in Winter Haven. Tenants at the 36,637-square-foot property include medical practices and service providers. Jacob Baruch and Ari Warshaw of Legacy represented both the buyer and seller in the transaction. 

Doral, Fla. — An affiliate of The Easton Group has acquired a single-tenant retail property and adjacent parking lot in Doral for $12 million. Situated within Miami International Mall, the property totals 150,108 square feet. JCPenney occupies the building. “We plan on keeping the current tenant in place as long as the rent payments remain current,” says Edward Easton, chief executive officer and chairman of The Easton Group. 

Brandon, Fla. — Cushman & Wakefield has arranged the sale of The Collection at Brandon Boulevard, a 222,406-square-foot shopping center located in Brandon. Tenants at the property, which was fully leased at the time of sale, include Home Centric, Crunch Fitness, Chuck E. Cheese and Kane’s Furniture. Substantially redeveloped in 2019, the property features three outparcels and a 30,000-square-foot anchor space that is currently unoccupied but subject to a long-term lease with Kroger. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an affiliate of SITE …

St. Petersburg, Fla. — Plaza Advisors has brokered the $4.7 million sale of Bay Pines, a 9,110-square-foot retail center located in St. Petersburg. The property serves as an outparcel to a Walmart Supercenter and was 85 percent leased at the time of sale. Tenants at the property include Starbucks Coffee, Supercuts and Jimmy Johns. Jeff Berkezchuk and Jim Michalak of Plaza Advisors represented the seller, Kitson & Partners, in the transaction. The buyer was an undisclosed REIT.

Orlando, Fla. — Marcus & Millichap has brokered the $10.8 million sale of Turkey Lake Plaza, a retail center located in Orlando. Built in 2010, the property totals 19,719 square feet. Turkey Lake Plaza was leased to 12 tenants at the time of sale, including Gyu-Kaku Japanese BBQ. Tarek Chbeir of Marcus & Millichap procured the buyer, a local investor, in the transaction. The seller was also not disclosed.