Florida

Miami, Fla. — A joint venture between Miami-based Limestone Asset Management and Orion Real Estate Group has acquired a 27-property Walgreens portfolio for $133 million. Wells Fargo provided financing for the acquisition, which was led by Kevin Sanz of Orion. Brian Pfohl and Maury Vanden Eykel of CBRE Inc. represented the seller in the transaction. Further details on the Walgreens properties were not disclosed.

Estero, Fla. — JLL Capital Markets has brokered the $14.4 million sale of a 29,896-square-foot single-tenant grocery store in Estero leased to Sprouts Farmers Market. Michael Brewster, Brad Peterson and Tommy Isola of JLL represented the seller, GBT Realty, in the transaction. An undisclosed private investor purchased the property. The Sprouts store is located at 19990 S. Tamiami Trail in metro Fort Myers.

Lakeland, Fla. — Transwestern Real Estate Services has brokered the sale of Lakeland Town Center, a 282,949-square-foot shopping center at 917 E. Memorial Blvd. in Lakeland. John Bell and Fred Victor of Transwestern arranged the $10.5 million sale of the property to a private equity firm on behalf of the undisclosed seller. The 26.2-acre retail center was 53 percent leased at the time of sale. National and local retailers encompassing grocery, government, finance, home furnishings, restaurants and discount stores make up the tenant roster.

St. Petersburg, Fla. — Franklin Street has arranged the $5.1 million sale of Central Plaza, a 19,016-square-foot, fully occupied shopping center located at 3270 Central Ave. in St. Petersburg. The property falls within a Qualified Opportunity Zone. Anthony Suarez and Ryan Derriman of Franklin Street represented the seller, a California-based private investor, in the transaction. The undisclosed buyer is a local investor. The plaza features seven net-leased tenants with an average tenure of over 22 years. Tenants at the center include Rent-A-Center, Amscot and Rainbow Clothing.

Delray Beach, Fla. — PEBB Enterprises has acquired Delray Commons, a 71,000-square-foot shopping center located at 5024-5070 W. Atlantic Ave. in Delray Beach. Boca Raton, Fla.-based PEBB formed a joint venture dubbed KP Delray LLC with the center’s current owner, Cincinnati-based Topvalco Inc., for the acquisition. The sales price was $10.5 million. Built in 1981, Delray Commons has 65,940 square feet of inline retail space, a 3,036-square-foot Burger King outparcel and an approximately 2,000-square-foot Taco Bell outparcel. Sprouts Farmers Market has committed to anchor the center with a 23,256-square-foot store. …

Miami — Black Lion Investment Group has acquired a waterfront restaurant building in Miami occupied by Amara at Paraiso from Related Group for $12.1 million. Fabio Faerman and Sebastian Faerman of Miami-based FA Commercial represented both parties in the transaction. The 12,300-square-foot building is part of a larger project that includes the residential complex Paraiso Bay, which contains 1,300 residential units. James Beard Award-winning chef Michael Schwartz is at the helm of the popular indoor-outdoor restaurant.