WEST MELBOURNE, FLA. — Chattanooga, Tenn.-based CBL & Associates and Amherst, N.Y.-based Benchmark Group are developing Hammock Landing, a 750,000-square-foot open-air shopping center in West Melbourne. Anchor tenants include Marshalls, Linens & Things, Michaels and Petco. Also two other anchors are planned for the center, which will have an additional 120,000 square feet of small shops and restaurants. Hammock Landing will be located on 78 acres at the intersection of Interstate 95 and Palm Bay Rd. The project is slated for completion in the spring of 2009.
Retail
WILTON MANORS, FLA. — Raleigh-N.C.-based Rivercrest Realty Advisors has acquired the Shoppes of Wilton Manors, a 73,196-square-foot center in Wilton Manors, from an affiliate of Ft. Lauderdale, Fla.-based Stiles Corp. for $16.6 million. The shopping center is located at the intersection of Wilton Dr. and NE Sixth Ave. Dennis Carson, Nikolas Kozy and Andrea Stava of CB Richard Ellis’ Miami office represented both the buyer and seller.
ANN ARBOR, MICH. — Centro Properties Group has completed the $4.6 million renovation of Maple Village, a 296,000-square-foot community shopping center located at the intersection of Maple and Jackson roads in Ann Arbor. Renovations included the relocation of Radio Shack, Sophia’s Tailoring and Michigan Insurance Group to redeveloped, free-standing buildings within the center; a new parking lot; upgraded lighting for the parking lot and sidewalks; and new landscaping. Plum Market, a specialty grocery store, will also be opening a 35,000-square-foot location in the center this month.
MIRAMAR, FLA. — An affiliate of Rutherford, N.J.-based The Morris Co. has acquired the Fountains of Miramar, a 139,380-square-foot shopping center in Miramar, from joint venture partners Ross Matz Investments and Newman Realty for $39.5 million. Tenants include Marshalls, Ross Dress For Less, Office Depot, Pet Supermarket, Starbucks Coffee, Panera Bread, Pearle Vision and Payless ShoeSource. Dennis Carson and Casey Rosen of CB Richard Ellis’ Miami office represented the sellers. The center is located at the Interstate 75 and Miramar Parkway interchange.
VIRGINIA BEACH, VA. — Virginia Beach-based Winner’s Real Estate has acquired Bloom’s Brothers Furniture, located at 5070 Virginia Beach Blvd., from Chesterfield, Va.-based M.T.C. Holdings for $7.5 million. John T. Watkins of Thalhimer, a member of the Cushman & Wakefield Alliance’s Virginia Beach office was the sole broker.
SAN ANTONIO — Atlanta-based Wakefield Beasley & Associates Architects has designed three retail sites at The Rim, an 800-acre mixed-use center located at the intersection of Interstate 10 and Loop 1604 in San Antonio. The retail properties — Staples, Stonewerks Restaurant and Tejas Lighting — are currently under construction with completion scheduled for mid-year 2008. Dennis Schott of Wakefield Beasley & Associates Architects is serving as project manager. Thomas Enterprises, based in Newnan, Ga., is developing The Rim.
KISSIMMEE, FLA. — Boca Raton, Fla.-based Southeast Centers is developing The Villages of Bellalago, a 103,000-square-foot upscale retail center on 19 acres in Kissimmee, for $25 million. The project will be divided into two retail centers flanking Bellalago, a 1,330-acre gated, lakeside community being developed by Coral Gables, Fla.-based Avatar Properties, on Pleasant Hill Road. The south center will feature 75,000 square feet of retail space on 13 acres and will be anchored by a 46,031-square-foot Publix. Other tenants include Buffalo Wings & Rings restaurant, Citrus Garden Chinese Restaurant, McDonald’s, Fifth/Third Bank and Jazzy Nail Salon. On the north side, a 28,000-square-foot retail center will feature a Walgreens Drug Store and SunTrust Bank. Phased delivery of the first tenants, including Publix, is scheduled for August. The project will employ a Mediterranean architectural theme.
HALLANDALE, FLA. — Parsippany, N.J.-based ESS Prisa II sold Extra Space Storage, a 119,217-square-foot, 1,051-unit self-storage facility, to Newport Beach, Calif.-based Westport Properties for $7.7 million in Hallandale. Charles LeClaire and Mike Mele of Marcus & Millichap represented both the buyer and seller. The property is located at 450 Ansin Boulevard.
LEE COUNTY, FLA. — The third phase of Gulf Coast Town Center, featuring 79,000 square feet of retail space, has broken ground in Lee County, Fla. The project will initially feature a 70,000-square-foot Dick’s Sporting Goods and 9,000 square feet of specialty retail. Two junior anchors, as well as additional specialty shops and restaurants, will commence construction at a later date. Dick’s Sporting Goods is scheduled to open in October. Gulf Coast Town Center is a joint venture by Cleveland-based Richard E. Jacobs Group and CBL Associates, headquartered in Chattanooga, Tenn.
ROME, FITZGERALD AND CORDELE, GA. — Atlanta-based RCG Ventures recently acquired West Towne Square located in Rome, a 87,378-square-foot shopping center anchored by Big Lots, and Colony Square, a 55,160-square-foot center anchored by Dollar Tree, in Fitzgerald from North Miami-based Equity One for an undisclosed price. Parker Blanchard of RCG Ventures brokered the sale. The seller was represented by Brad Peterson of the Staubach Company’s Orlando office and Richard Reid in the Atlanta office. Represented by Jim O’Donnell in-house, RCG Ventures also purchased Cordele Corners in Cordele. from Rockville, Md.-based CW Capital for an undisclosed price. The 51,678-square-foot property is anchored by Tractor Supply Co. Bob Ison of Dallas-based United Corners represented the seller.