Sembler, Forge Capital Complete $13.3 Million Redevelopment of Hernando West Plaza in Florida

Spring Hill, Fla. — A joint venture between the Sembler Co. and Forge Capital Partners has completed a $13.3 million redevelopment of Hernando West Plaza, a retail center located in Spring Hill. The partnership, dubbed Forge Real Estate Partners IV, acquired the property in 2020 before commencing the 11-month redevelopment project. Construction included the demolition of an existing 46,000-square-foot grocery store and 9,800 square feet of inline shop space, originally built in 1980. A new 45,000-square-foot grocery storefront has been constructed, as well as an adjacent 3,200 square feet of shop space and a 0.66-square-foot outparcel. Hernando West Plaza also features 54,800 square feet of inline retail space, which underwent structural and cosmetic renovations. Publix anchors the property, which is currently 94 percent leased. Other tenants include Beall’s Outlet, AAA Auto Club, Little Caesar’s and Miracle Ear.