Florida

FloridaGrocery-anchoredInvestment salesNewsRetailers

Forge Capital Sells Two Publix-Anchored Properties in Florida

by Alex Tostado

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, …

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FloridaInvestment salesNews

CREC Capital Purchases Retail Center Near Miami for $62.3 Million

by Alex Tostado

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 …

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FloridaInvestment salesNewsRetailers

Sleiman Enterprises Acquires 200,000-Square-Foot Shopping Center in North Florida

by Alex Tostado

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.

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FloridaLeasingNewsRetailers

New England Development Signs Three New Tenants to Outlet Mall in South Florida

by Alex Tostado

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, …

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FloridaInvestment salesNewsRetailers

SRS Negotiates $6.3 Million Sale of Shopping Center in Central Florida

by Alex Tostado

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.

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FloridaGeorgiaGrocery-anchoredInvestment salesNews

Sembler, Forge Acquire Two Publix-Anchored Shopping Centers in Florida, Georgia

by Alex Tostado

Naples, Fla. and Kennesaw, Ga. — The Sembler Co. and Forge Capital Partners have purchased a pair of Publix-anchored shopping centers in Naples, Florida, and Kennesaw, Georgia. The companies purchased the centers for an undisclosed price via their Forge Real Estate Partners IV (FREP) investment fund. Properties include the 59,893-square-foot Naples Lake Village Center and the 68,744-square-foot Kennesaw Walk. Sembler will serve as the property manager and leasing agent for both properties. Including these properties, Sembler and Forge have acquired 14 shopping centers in the Southeast and Texas using their …

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FinanceFloridaMixed-useNews

Dockerty Romer Arranges $53.1 Million Loan for Refinancing of Mixed-Use Asset in Miami’s Coconut Grove

by Alex Tostado

Miami — Dockerty Romer & Co. has arranged a $53.1 million permanent loan for the refinancing of Mayfair in the Grove, a three-story mixed-use asset in Miami’s Coconut Grove neighborhood spanning 281,066 square feet. Situated adjacent to the Mayfair Hotel & Spa, the property features office and retail space spread across three buildings. Mayfair in the Grove was 94.1 percent leased at the time of financing to tenants including Sony Music, Sapient Technologies, Regus and General Electric. Craig Romer and Chris Romer of Dockerty Romer, a RECA (Real Estate Capital …

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DevelopmentFloridaNewsRetailers

Developer Breaks Ground on 50,000-Square-Foot Retail Project, 922-Space Garage in Downtown Miami

by Alex Tostado

Miami — Miami Worldcenter Associates has broken ground on a 50,000-square-foot retail project and a 922-space parking garage within its namesake development, the $4 billion Miami Worldcenter, which is located in the city’s downtown area. The street-level retail space and new parking structure will front NE 7th Street and will ultimately be part of Miami Worldcenter’s 300,000 square feet of retail, restaurant and entertainment space. A portion of the parking garage’s rooftop will feature a rooftop amenity deck, which will serve the residents of Luma, a 43-story multifamily tower next …

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FloridaLeasingNewsRestaurants

Seafood Restaurant, Entertainment Concept to Join Lineup at Celebration Pointe in North Florida

by Alex Tostado

Gainesville, Fla. — Celebration Pointe developers have signed a lease to bring in The Keys, a fresh seafood restaurant and entertainment venue. The Keys is locally owned by Tony Espetia, a real estate professional with Coldwell Banker M. M. Parrish Realtors and former owner of Rum Runners and Fat Tuesday in Gainesville, Florida; Brad Heron, the current owner of Rockeys Dueling Piano Bar; and Diego Ibanez, who has more than 25 years of restaurant experience and is the co-owner of Emiliano’s Café, a longtime family-owned restaurant that started as a …

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FloridaInvestment salesNewsRetailers

Highline, M Street Holdings Purchase Shopping Center in Central Florida for $12.3 Million

by Alex Tostado

Orlando, Fla. — A partnership between Highline Real Estate Capital and M Street Holdings has acquired Century Plaza, a 132,725-square-foot retail center in Orlando, Florida, for $12.3 million. The center was fully leased at the time of the sale to tenants including ALDI, Ross Dress for Less, dd’s DISCOUNTS, Big Lots, Shoe Land, Spectrum, Sprint, GameStop and Amscot. The center was built in 1973, renovated in 2008 and sits on 13.5 acres. Anthony Blanco of TSCG (formerly The Shopping Center Group) represented the seller, a private global institutional investment firm, …

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