ALTAMONTE SPRINGS, FLA. — A joint venture between Cohen & Steers Income Opportunities REIT Inc. and Phillips Edison & Co. has purchased Oak Grove Shoppes, a Publix-anchored shopping center located in the Orlando suburb of Altamonte Springs. The seller and sales price were not disclosed. The 142,000-square-foot property was redeveloped in 2023 and features a 48,000-square-foot Publix grocery store that opened in 2023, as well as a new Marshalls store. The center was 91 percent leased at the time of sale. Oak Grove Shoppes is the second acquisition for the Cohen & Steers-Phillips Edison joint venture, which is targeting $300 million in grocery-anchored shopping center acquisitions. As part of the joint venture arrangement, Cohen & Steers owns an 80 percent stake of the center while Phillips Edison owns the minority stake and handles operations.
JACKSONVILLE, FLA. — The Wideman Co. has acquired Citi Campus Jacksonville, a 73-acre office park located at 14000 Citicards Way in the Baymeadows neighborhood of Jacksonville. Developed in 2005, the campus spans 530,000 square feet and includes three office buildings, an amenity center with a made-to-order food hall, outdoor dining space, a large conferencing facility and 2,652 parking spaces. The campus was acquired from Citigroup, which will continue to lease 230,000 square feet at the property, for an undisclosed price. Chuck Diebel of Colliers has been tapped to lease the remaining 260,000 square feet of office space. The property recently underwent $12.9 million in renovations, which included waterproofing of the buildings, revolving door replacements and breakroom refurbishment. Jay Miller, AJ Felberbaum, Spencer Miller, Noah Rothman and Jonah Gentleman with BayBridge Real Estate Capital arranged acquisition financing on behalf of the buyer. The loan amount was not disclosed. Jacksonville is the fastest growing metropolitan market in the state of Florida and a top five destination for millennials relocating, according to JLL, which brokered the transaction. Orlando-based Wideman Co. is a real estate investment firm focused on Class A, single-tenant office and industrial assets. The firm oversees $1.6 billion in commercial real estate …
FORT MYERS, FLA. — Encore Multifamily, a division of Dallas-based Encore Enterprises, has obtained a $48.7 million HUD 221(d)(4) loan for the construction of a new apartment development in Fort Myers. The project, known as Encore Daniel Falls, will comprise 240 Class A apartments and be situated on 6.7 acres near I-75 and South Florida International Airport. Encore Multifamily broke ground on the development in December and expects to deliver the community by third-quarter 2026. Upon completion, Encore Daniels Falls will feature studio, one-, two- and three-bedroom units, as well as a clubhouse, fitness center, business center, pool, dog park and a 24-hour package room.
MIAMI BEACH, FLA. — A joint venture between Mast Capital and a controlled affiliate of Starwood Capital Group has secured $390 million in construction financing for The Perigon Miami Beach, a 73-unit condominium development located at 5333 Collins Ave. in Miami Beach. Eldridge Real Estate Credit, a Greenwich, Conn.-based asset manager and holding company, provided the loan. “We are proud to partner with Mast Capital and Starwood Capital Group on The Perigon Miami Beach,” said Matthew Rosenfeld, a managing director at Eldridge Real Estate Credit. “This is a project that represents the exceptional, visionary real estate we seek to finance, and further underscores the continued growth and momentum of our business.” Located in the popular Mid-Beach neighborhood, The Perigon Miami Beach will offer two-, three- and four-bedroom residences ranging from 2,100 to 6,700 square feet, each featuring 10- to 12-foot wraparound balconies. The property will also offer eight private guest suites. Roughly 75 percent of the condos have been sold. The building will offer approximately 40,000 square feet of indoor and outdoor amenities. Planned community amenities include a pool with cabanas, spa with sauna, salon, fitness center, children’s playroom, screening room, wine room and a lobby lounge. Residents will also …
PLANT CITY, FLA. — Cushman & Wakefield has brokered the sale of Peak Logistics Center, a two-building industrial park located at 3501 Fancy Farms Road in Plant City, a city in west-central Florida. EQT Exeter purchased the property for an undisclosed price from TA Realty LLC. Rick Brugge, Mike Davis, Rick Colon and Ryan Jenkins of Cushman & Wakefield represented the seller in the transaction with assistance from Clay Witherspoon of Avison Young, who oversees leasing for the property. Peak Logistics Center I & II span 400,833 square feet and were completed in 2022 and 2023. The development was fully leased to four tenants at the time of sale.
OVIEDO, FLA. — A partnership between LeCesse Development and Broad Oak Development plans to soon break ground on Broad Oak Oviedo, a 252-unit apartment development in the Central Florida city of Oviedo. The property will feature a mix of four-story, elevator-serviced buildings and carriage house buildings that also feature garages. Amenities will include a fitness center, game room, valet trash service, coworking space, golf simulator, infinity edge pool, dog park, recreational trail and an outdoor summer kitchen. The development will be situated near Oviedo Mall, Oviedo on the Park, the Cross Seminole Trail and FBC Mortgage Stadium, among other attractions. LeCesse and Broad Oak plan to deliver the community in summer 2026. The project team includes Slocum Platts Architects, Kimley-Horn, Dix.Hite+Partners, Beasley & Henley and Walker & Co. Synovus Bank is providing debt construction financing, and Marble Capital is investing preferred equity into the development.
MIAMI — Neology Development Group has received an $84.5 million loan for The Julia Residences, a 14-story apartment tower that recently delivered in Miami’s Allapattah neighborhood. Affiliates of Apollo provided the permanent loan. The borrower obtained its TCO for the development last May and stabilized the community at 97 percent occupancy by October. Named after historic Miami businesswoman Julia Tuttle, the $140 million Julia Residences features 323 apartments and 13,000 square feet of retail space on the ground level. The property is located at 1625 N.W. 20th St., within walking distance of Jackson Memorial Hospital and the Civic Center Metrorail Station.
LAKELAND, FLA. — Northmarq has arranged a $43.9 million construction loan for Gibsonia Gardens, a 276-unit apartment community underway at 6508 US Highway 98 N in Lakeland. Bob Hernandez of Northmarq arranged the three-year loan on behalf of the borrower, a repeat client, through a correspondent lender. The sponsor and direct lender were not disclosed. The apartment community is set for completion in 2026.
TALLAHASSEE, FLA. — Patterson Real Estate Advisory Group has arranged a loan of an undisclosed amount on behalf of Albany Road Real Estate Partners for Capital Circle Commerce Park, a six-building industrial portfolio totaling 181,100 square feet in Tallahassee. Ameris Bank is providing the acquisition loan. The portfolio, which was 99 percent leased at the time of sale, is situated less than 10 miles from the Tallahassee International Airport and includes IOS parking for current tenants as well as any future third-party parking needs.
DORAL, FLA. — Marcus & Millichap has arranged the $9.7 million sale of Doral Shops & Professional Center, a retail center located in the western Miami suburb of Doral. Scott Sandelin and Edward Romo of Marcus & Millichap represented the seller and procured the buyer in the deal. Situated at 3655 NW 107th Ave., the multi-tenant property spans 15,314 square feet. Nine tenants are operating on a triple-net leased basis at the property, including South Dental Doral, Doral Physical Therapy, Uni K Wax and Venezuelan restaurant La Coriana.