News

ovation-orlando
DevelopmentFloridaMixed-useNews

RSP Unveils Designs for $2 Billion Mixed-Use Destination Near Walt Disney World

by Abby Cox

Kissimmee, Fla. — RSP Architects has unveiled designs for Ovation Orlando, a $2 billion mixed-use destination located in Kissimmee, less than a mile from Walt Disney World. The 650,000-square-foot project is being developed by Accesso on the former site of the Orlando Sun Resort. RSP’s master plan centers on an “enriched pedestrian journey” instead of a conventional shopping center situated primarily around storefronts. The 77-acre property will be organized into three districts: Garden, Gallery and Vibe. The Garden will be a lush, lower-scale waterfront environment with tropical landscaping, outdoor dining and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Mid City Market
DevelopmentInvestment salesKentuckyMixed-useNews

Cushman & Wakefield | Commercial Kentucky Completes Sale of Mid-City Mall, Buyer Plans $60 Million Mixed-Use Redevelopment

by Abby Cox

Louisville, Ky. — Cushman & Wakefield | Commercial Kentucky has arranged the sale of Mid-City Mall, a 185,000-square-foot former shopping center in Louisville. The existing structure is scheduled for demolition in January 2027 to make way for a $60 million mixed-use project. Dubbed Mid City Market, the new development will be anchored by a Publix grocery store, alongside five retail buildings, expanded green space, pedestrian walkways and reduced parking. The existing front-entrance tenants, Raising Cane’s and Heine Brothers Coffee, are expected to remain at the property, while the local library branch …

Continue Reading
0 FacebookTwitterLinkedinEmail
7-Eleven-rep-photo
FloridaInvestment salesNews

SRS Real Estate Arranges $22.9 Million Sale of Two Convenience Stores in Central Florida

by Abby Cox

Clermont and Winter Haven, Fla. — SRS Real Estate Partners has arranged the $22.9 million sale of two Central Florida 7-Eleven convenience store properties in separate transactions. Both newly constructed properties operate on corporate-guaranteed absolute triple-net leases with scheduled rent increases every five years. The properties include: Patrick Nutt and William Wamble of SRS represented the seller of both properties, a Central Florida-based developer. The assets were sold to different private investors.  

Continue Reading
0 FacebookTwitterLinkedinEmail
Naples-CVS
FloridaInvestment salesNews

Marcus & Millichap Negotiates $5 Million Sale of Single-Tenant Retail Property in Naples, Florida

by Abby Cox

Naples, Fla. — Marcus & Millichap has negotiated the $5 million sale of a single-tenant retail property located in Naples. Situated at 2515 Shadowlawn Drive, the 13,013-square-foot building, which was built in 2004, is occupied by CVS Pharmacy. Eddie Toledo and Jonathan De La Rosa of Marcus & Millichap procured the buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
Arena-Shops
FloridaInvestment salesNews

JLL Arranges $32.5 Million Sale of Arena Shops in North Miami, Florida

by Abby Cox

North Miami, Fla. — JLL Capital Markets has arranged the $32.5 million sale of Arena Shops, a 37,135-square-foot retail center located in North Miami. The fully leased property is anchored by Total Wine & More and features a mix of additional tenants such as Chipotle Mexican Grill, T-Mobile and Tatore Miami. Arena Shops is situated adjacent to the $4 billion SoLē Mia mixed-use development. Danny Finkle, Jorge Portela and Jacob Wise of JLL represented the seller, Edens Investment Trust, in the transaction. RK Centers, led by Miami Heat co-owner Raana Katz, …

Continue Reading
0 FacebookTwitterLinkedinEmail
1325 W. 49th St-Hialeah
FloridaInvestment salesNews

Marcus & Millichap Brokers $6.3 Million Sale of Retail Property in South Florida

by Abby Cox

Hialeah, Fla. — Marcus & Millichap has brokered the $6.3 million sale of 1325 West 49th St., a 13,026-square-foot retail property located in the Miami suburb of Hialeah. Built in 1968, the property includes three retail suites and is fully leased to FirstBank Florida, Papa John’s Pizza and Stanton Optical. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap listed the property on behalf of the seller and procured the buyer in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Black Mountain Marketplace Rendering
ArizonaDevelopmentNews

Evergreen Breaks Ground on Fitness-Anchored Shopping Center in Metro Phoenix

by Abby Cox

Cave Creek, Ariz. — Evergreen Development, on behalf of the Bullington family, has broken ground on Black Mountain Marketplace, a planned 13.3-acre neighborhood center located in Cave Creek, roughly 30 miles north of Phoenix. A 41,337-square-foot Mountainside Fitness will anchor the project, which is expected to be completed in the summer of 2027. Black Mountain Marketplace includes seven outparcel pads planned for dining, services and neighborhood-serving retail that will complement Mountainside Fitness and serve the surrounding Cave Creek and North Phoenix communities. Several transactions are currently in progress, with limited availability …

Continue Reading
0 FacebookTwitterLinkedinEmail
atlantic-village
FloridaLeasingMixed-useNews

Six New Tenants Join Atlantic Village in Hallandale Beach, Florida

by Abby Cox

Hallandale Beach, Fla. — Six new tenants have signed leases to join Atlantic Village, a 308,000-square-foot mixed-use development located in Hallandale Beach, a town in South Florida’s Broward County. Totaling 16,983 square feet of retail space, the newest tenants include Pharos Greek Frozen Yogurt (681 square feet); NAWA (1,622 square feet); The Atelier Blanc (8,100 square feet); Fitjump (3,021 square feet); The Tox (1,360 square feet); and Degree Wellness (2,199 square feet). Pharos and NAWA will open this year, while the remaining four tenants will debut in early 2027. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
JLL - West Coast Retail Portfolio
CaliforniaColoradoGrocery-anchoredInvestment salesNewsWashington

Nuveen Real Estate Acquires 1.9 Million-Square-Foot Retail Portfolio Spanning Three States for $445 Million

by Abby Cox

Orange County, Calif. — Nuveen Real Estate has acquired a 13-property, open-air retail portfolio spanning three states for $445.5 million. The 1.9 million-square-foot portfolio consists of six properties in California, four in Colorado and three in Washington. This acquisition represents one of the largest anchored retail portfolio transactions completed in the western United States in recent years, according to JLL. Collectively, the assets were 93.5 percent leased at the time of sale and are grocery-anchored by tenants such as Safeway, Walmart Neighborhood Market, Sprouts Farmers Market, FoodMaxx and Grocery Outlet. Additional …

Continue Reading
0 FacebookTwitterLinkedinEmail
Promenade at Casa Grande
ArizonaInvestment salesNews

PREP Property Group Acquires 480,000-Square-Foot Casa Grande Power Center in Metro Phoenix for $63.1 Million

by Abby Cox

Casa Grande, Ariz. — PREP Property Group has acquired Promenade at Casa Grande, a 480,000-square-foot regional power center located in Casa Grande, roughly 45 miles south of Phoenix, for $63.1 million. Tenants at the center include Harkins Theatres, Ross Dress for Less, Marshalls, HomeGoods, Burlington, Michaels, Ashley Furniture, PetSmart, Five Below, Bath & Body Works, Shoe Dept., Encore, Ulta Beauty and Dollar Tree. Three anchors — Dillard’s, JCPenney and Target — were not included in the sale. Colliers represented the seller, Lamar Cos., in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts