Wesley Chapel, Fla. — Hutton has opened Cypress Creek Town Shopping Center, a 190,000-square-foot shopping center located in Wesley Chapel, Florida, 20 miles north of downtown Tampa. Earth Fare anchors the center, with other tenants including Burlington, Hobby Lobby, Five Below, Dollar Tree and HomeGoods. Remaining tenants are scheduled to open in late spring. Hutton has completed three previous developments at Cypress Creek Town Center, including a 26,000-square-foot, multi-tenant development home to retailers such as Mellow Mushroom and Men’s Warehouse; an adjacent 8,000-square-foot Chuy’s; and a 16,000-square-foot multi-tenant building that …
Pembroke Pines, Fla. — CBRE has negotiated the sale of Pembroke Place, a 158,463-square-foot shopping center in Pembroke Pines, Florida. Sedano’s grocery store, Crunch Fitness and Vargas University anchor the property, which is located 24 miles north of downtown Miami. Longpoint Realty Partners acquired the asset for an undisclosed price. Casey Rosen and Dennis Carson of CBRE represented the seller, an affiliate of Sterling Organization, in the transaction.
Tampa, Fla. — The Bromley Cos. has signed True Food Kitchen to a 5,000-square-foot lease in Midtown Tampa, a $500 million, 22-acre development in Tampa. This marks True Food’s first west central Florida location. Integrative medicine expert Andrew Weil co-founded the Oprah Winfrey-backed health-driven restaurant that operates several locations in Jacksonville, Naples and Boca Raton, Florida. The Bromley Cos. — in collaboration with Casto Southeast Realty Services, Jeffrey Anderson Real Estate Co., Crescent Communities and Concord Hospitality —has also signed Whole Foods Market to a 48,000-square-foot space within the project.
Fort Lauderdale, Fla. — Mast Capital has acquired The Quay, a 73,000-square-foot mixed-use shopping center in Fort Lauderdale, Florida. The Quay sits on seven acres along South 17th Street near the Stranahan River, three miles south of downtown Fort Lauderdale. The property was fully leased at the time of the sale to tenants including Boatyard Restaurant, the United States Postal Service and Chipotle Mexican Grill. The property also includes a two-story office building and Boathouse of Fort Lauderdale marina. Hudson Capital Group Inc. sold The Quay. CIT Bank provided acquisition …
Bonita Springs, Fla. — Marcus & Millichap has arranged the $14.2 million sale of North Bay Village, a 114,545-square-foot retail property in Bonita Springs. North Bay Village was 73 percent occupied at the time of the sale, and the buyer, a private investor through a 1031 exchange, signed long-term leases with Hertz, Emaint and Keller Williams Real Estate to bring the asset to 98 percent occupancy. Other tenants include Bonefish Grill, Mattress Firm and Edible Arrangements. Jim Shiebler, James Garner and James Medefind of Marcus & Millichap represented the seller, …
Delray Beach, Fla. — Publix has opened a 45,000-square-foot store in Delray Square, a 150,000-square-foot retail center in Delray Beach. Delray Square was built in the 1970s and was recently renovated by The Keith Corp. Pet Supermarket, Chick-fil-A and Chipotle Mexican Grill are expected to open in the fall. AT&T, Elements Massage, Great Clips, Lee Nails, Mattress Firm, Metro Diner and Sola Salon Suites have all joined the tenant lineup, although a timeline for the retailers to move in was not disclosed. The Shopping Center Group is the exclusive leasing …
Miami — Ready Capital has provided an $8 million acquisition, renovation and lease-up loan for an 8,000-square-foot, vacant building in the Miami neighborhood of Wynwood. Ready Capital provided the non-recourse, interest-only, floating-rate loan that features a 36-month term with two extension options, flexible prepayment and is inclusive of a facility to provide future funding for capital expenditures and tenant leasing costs. The undisclosed borrower will use the funds to redevelop the property into high-street storefronts with a food and beverage concept in the back.
South Miami, Fla. — Yumbrella Food Hall is now open at The Shops at Sunset Place in South Miami, Florida. Led by food truck organizer and restaurateur Steve Simon, Yumbrella is the only food hall in the city, paying homage to Miami’s original food hall, which opened in the 1970s by the same name. The 6,500-square-foot hall features seven restaurant concepts ranging from Chinese to soul food, Italian, Latin, American and German fare. Confirmed food hall vendors include Cracked by Chef Adrianne, Dr. Limon Express, Killer Melts, NOODS, King of …
Gainesville, Fla. — Butler Enterprises has announced a lease with Cheesecake Factory to bring the restaurant to Butler Town Center at Stengel Field in Gainesville, Florida, this fall. Cheesecake Factory will anchor the 450,000-square-foot center’s entry on Archer Road and Interstate 75. The restaurant will span 10,000 square feet including a 2,000-square-foot outdoor patio.
Boca Raton, Fla. — HFF has arranged a $125.7 million construction loan for Uptown Boca, a 38-acre mixed-use project in Boca Raton, Florida.