Gainesville, Fla. — Former University of Florida football coach Steve Spurrier is seeking a partner for a new restaurant in Celebration Pointe in Gainesville. The new restaurant will be called “Spurrier’s” and is expected to open in 2020. The selected partner will have a $1 million build-out budget and the ability to influence the final menu and décor, as well a salary and/or equity in the restaurant. The partner will be named later this year. Celebration Pointe is a 160-acre mixed-use development that upon completion will span more than 1 …
Haines City, Fla. — Marcus & Millichap has arranged the $11 million sale of Heart of Florida Shopping Center in Haines City. The 131,500-square-foot shopping center is located at 35874-35938 Highway 27, 40 miles southwest of downtown Orlando. The shopping center was originally built in 1984. At the time of sale, 82 percent of the center’s tenant lineup was national retailers including Dollar General, Tractor Supply and Big Lots. The buyer was a Florida investor in a 1031 tax-deferred exchange. Tim Giambrone of Marcus & Millichap represented the seller, a …
Maitland, Fla. — Equinox Development Properties Inc. has hired Genny Hall as senior vice president and a partner to oversee the leasing for all developments and retailer relationships. Hall has more than 15 years of retail brokerage experience. Prior to joining Equinox, Hall served as the managing director of retail services at Colliers International in Central Florida. Maitland, Florida-based Equinox Development specializes in developing retail, mixed-use and boutique commercial projects.
Jacksonville, Fla. — The Ferber Co. has entered into a contract to acquire Brooklyn Place, a vacant building that sits on 1.5 acres in downtown Jacksonville. The initial tenant lineup at the 11,500-square-foot site includes Panera Bread and Bento Asian Kitchen + Sushi. There is a 1,520-square-foot space available. Ferber expects the land acquisition to close this summer and will begin construction immediately after. Completion is scheduled for summer 2020. A sales price and seller for the land acquisition were not disclosed.
Jacksonville, Fla. — Lote Group will renovate the Shoppes of Northshore, a 17,000-square-foot shopping center in Jacksonville’s Atlantic Beach submarket. The renovations are expected to include giving the center a modern look while preserving the beach-style architecture of the area. Renovations are expected to be complete by the end of this year. Whitney Butler of Franklin Street is leading the leasing efforts on behalf of Lote. Local restaurants, boutique retailers and fitness and wellness concepts are being targeted for the project. Shoppes of Northshore is located four blocks from the …
St. Petersburg and West Palm Beach, Fla. — Forge Capital Partners has sold Disston Plaza, a 129,150-square-foot shopping center in St. Petersburg, and Polo Grounds Mall, a 130,015-square-foot shopping center in West Palm Beach. New Market Properties LLC, a subsidiary of Preferred Apartment Communities, acquired both properties, which are both anchored by Publix. Disston Plaza was built in 1954 and was renovated in 2018. The property was 97 percent leased at the time of the sale to tenants including Publix, Bealls Outlet, Dollar Tree, Suncoast Resale Shoppe, Anytime Fitness, Subway, …
Homestead, Fla. — CREC Capital has purchased Homestead Pavilion, a 302,346-square-foot retail center in Homestead, for $62.3 million. The property is situated on 42.1 acres and includes a six-acre site for future development. CREC plans to hold the undeveloped portion of the property for the long-term and develop the site in the future. The center is located near the Florida Turnpike and was fully leased at the time of the sale to tenants including Ross Dress for Less, TJ Maxx, Old Navy, Michaels, Petco, Five Below, Bed Bath & Beyond, Panera …
Jacksonville, Fla. — Sleiman Enterprises has acquired Lakewood Promenade, a 200,000-square-foot shopping center in Jacksonville’s Lakewood neighborhood. The property was 82 percent leased at the time of the sale to 47 retailers and food providers, including anchors Stein Mart, Tijuana Flats, Winn-Dixie and Starbucks Coffee. The seller and sales price were not disclosed, but the Jacksonville Daily Record reports the seller was Kite Realty Group Trust.
West Palm Beach, Fla. — New England Development has signed Kate Spade New York, Coach and Stuart Weitzman to leases at Palm Beach Outlets in West Palm Beach, Florida. Stuart Weitzman opened April 5 and Kate Spade and Coach are scheduled to open later this year. Palm Beach Outlets features more than 100 retailers, including Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Banana Republic Factory Store, Brooks Brothers Factory Store, Calvin Klein, Cole Haan Outlet, GUESS Factory, J.Crew Factory|crewcuts, Nautica, Nike Factory Store, Polo Ralph Lauren Factory Store, …
Longwood, Fla. — SRS Real Estate Partners has arranged the $6.3 million sale of Shoppes at Village Square, a 61,200-square-foot shopping center located in Longwood, Florida, 14 miles north of downtown Orlando. The center was 88 percent leased at the time of sale to tenants such as O’Reilly Auto Parts, Sherwin-Williams and CrossFit Evolution. Kevin Yaryan of SRS’ Investment Properties Group in Orlando represented the seller, Harvest Holdings LLC, in the transaction. Trey Gravenstein of First Capital Property Group represented the buyer, Shoppes at Village Square LLC.