Florida

Benderson Acquires 216,692 SF Shopping Center in Metro Tampa Anchored by Whole Foods, Target

by John Nelson December 11, 2025

CLEARWATER, FLA. — Benderson Development has purchased Clearwater Shoppes, a 216,692-square-foot shopping center located at 27001 U.S. Highway 19 N in Clearwater, a Tampa suburb in Pinellas County. Seritage Growth Properties, the retail REIT spun off from Sears Holdings, sold the shopping center to Benderson for an undisclosed price. Danny Finkle, Jorge Portela, Kim Flores and Evan Lahr of JLL represented the seller in the transaction. Situated on 14.5 acres adjacent to the 1.3 million-square-foot Countryside Mall, the shopping center’s tenant roster includes Whole Foods Market, Target and Nordstrom Rack.

December 11, 2025

Acquisitions Florida Seniors Housing Southeast

Berkadia Brokers Sale of 94-Unit Independent Living Community in Niceville, Florida

by John Nelson December 11, 2025

NICEVILLE, FLA. — Berkadia has brokered the sale of American House Bluewater Bay, a 94-unit independent living community located in Niceville, roughly 10 miles northeast of Destin, Fla. Built in 2015, the community was more than 95 percent occupied at the time of sale. Michigan-based real estate development and investment company REDICO sold the property. American House, the senior living operator affiliate of REDICO, will continue to operate the community on behalf of the new ownership.

December 11, 2025

Acquisitions Arizona Florida North Carolina Oklahoma Retail Texas Top Stories

Partnership Acquires Multi-State Shopping Center Portfolio for $429M

by Hayden Spiess December 11, 2025

ELMSFORD AND NEW YORK CITY, N.Y. — DLC, in partnership with a fund managed by DRA Advisors, has acquired a multi-state shopping center portfolio in an off-market transaction for $429 million. Totaling 2.1 million square feet, the portfolio comprises eight shopping centers across five states. The seller was not disclosed. The properties include Central Texas Marketplace in Waco, Texas; Portofino Shopping Center in the Houston suburb of Shenandoah; Watauga Pavilion in the Dallas suburb of Watauga; Shops at Park Place in Plano, Texas; Pavilion at King’s Grant in the northeast Charlotte suburb of Concord, N.C.; International Speedway Square in Daytona Beach, Fla.; Peoria Square in Glendale, Ariz.; and Belle Isle Station in Oklahoma City, Okla. The portfolio was 91.3 percent leased at the time of sale. Long-term tenants across the portfolio include Nordstrom Rack, REI, T.J. Maxx, Ross Dress for Less, Dick’s Sporting Goods, HomeGoods, Marshalls, Total Wine & More and Ulta Beauty. This portfolio marks DLC’s first retail acquisitions in Phoenix and Oklahoma and expands the company’s existing presence in Texas and Florida. In October, DLC and DRA Advisors purchased a $625 million retail portfolio on the West Coast. The two organizations have now completed more than $1.7 billion of …

December 11, 2025

Acquisitions Florida Retail Southeast

Core Investment Acquires 175,084 SF Shopping Center in Plantation, Florida

by John Nelson December 9, 2025

PLANTATION, FLA. — Core Investment Management has acquired Jacaranda Plaza, a 175,084-square-foot shopping center located at the intersection of West Sunrise Boulevard and North University Drive in Plantation. The South Florida property was nearly 98 percent leased at the time of sale to tenants including Publix, Ross Dress for Less, Five Below, Planet Fitness and Dollar Tree. Publix has anchored the center for 25 years, according to JLL. Danny Finkle, Jorge Portela and Evan Lahr of JLL represented the buyer in the transaction. Chris Drew, Brian Gaswirth and Luke Maganas of JLL arranged an undisclosed amount of acquisition financing on behalf of Core.

December 9, 2025

Affordable Housing Development Florida Southeast

Miami-Dade County, Related Urban Break Ground on 316-Unit Mixed-Income Development

by Abby Cox December 8, 2025

MIAMI — Miami-Dade County and Related Urban Development Group, the affordable and workforce housing arm of Related Group, have broken ground on The Residences Palm Court, a 316-unit mixed-income and intergenerational housing community in Miami. Home Investment Partnerships Program (HOME) will provide $3.5 million in funding for the redevelopment project. Completion is expected by the end of 2027. Of the total 316 apartments at The Residences Palm Court, 191 will be reserved for elderly residents, while the remaining units will be reserved for low-income and workforce residents. Community amenities will include a fitness center, coworking spaces, multipurpose room, computer lounge, walking paths, bike storage, on-floor laundry stations and a dog park. The property will also include the Jesse Trice Community Health Center onsite that will be available for resident use.

December 8, 2025

Development Florida Multifamily Southeast

Brook Farm Group, Carter to Develop 324-Unit Apartment Community in Tampa

by Abby Cox December 8, 2025

TAMPA, FLA. — Atlanta-based development firms Brook Farm Group and Carter will co-develop Prospect Highland Oaks, a new 324-unit, garden-style apartment community located at 4502 N. Falkenburg Road in Tampa. The development will span four buildings and will include a detached clubhouse, resort-style saltwater swimming pool with lounge seating, coworking spaces, 24-hour fitness center, dog park and outdoor grilling and seating areas. The project team includes Mill Green Capital and Fundrise (equity partners), Ameris Bank (construction lender), general contractor Oxford Properties and project architect Preston Partnership. A timeline for construction was not disclosed.

December 8, 2025

Florida Loans Retail Southeast

MMCC Arranges $7M Loan for Retail Property Near Jacksonville Leased to BJ’s Wholesale Club

by Abby Cox December 8, 2025

ORANGE PARK, FLA. — Marcus & Millichap Capital Corp. (MMCC) has arranged $7 million in financing for a 109,895-square-foot, single-tenant retail property in Orange Park, a suburb of Jacksonville. BJ’s Wholesale Club occupies the building. Garrett Fierstein of MMCC secured the financing through a local credit union on behalf of the borrower, a private client.

December 8, 2025

Development Florida Multifamily Southeast

Mast Capital, Rockpoint Deliver 178-Unit Luxury Apartment Complex in Miami Beach, Florida

by Abby Cox December 5, 2025

MIAMI BEACH, FLA. — Mast Capital and Rockpoint have delivered Avara, a 178-unit luxury apartment community located in Miami Beach. The eight-story community features one- to three-bedroom floorplans ranging in size from 560 square feet to 1,410 square feet, as well as penthouse suites. Monthly rental rates begin at $3,200. Designed by Arquitectonica, CID Design Group and Within Hults + Partners, Avara comprises a variety of amenities such as a bayfront pool deck on the second floor with shaded cabanas and a fully equipped outdoor kitchen with grilling stations; a 1,500-square-foot fitness center, clubroom and game lounge; and a flexible work center with conference rooms and private offices. Additional amenities include dedicated bike storage, a dog park, pet spa and full-time concierge services.

December 5, 2025

Development Florida Mixed-Use Multifamily Office Retail Southeast

Allen Morris Co. Obtains $138.5M Construction Loan for Coconut Grove Mixed-Use Project in Miami

by John Nelson December 4, 2025

MIAMI — Allen Morris Co. has obtained a $138.5 million construction loan for Ziggurat, a mixed-use development located at 3101 Grand Ave. in Miami’s Coconut Grove neighborhood. Faisal Ashraf of Lotus Capital Partners arranged the loan through BDT & MSD Partners and BHI, the U.S. bank of Israel-based Bank Hapoalim. Further details of the financing were not released. Designed by Oppenheim Architecture, Ziggurat will comprise two buildings featuring natural stone exteriors with gardens wrapping every level. The project will be situated on a 1.7-acre site at the intersection of Grand Avenue, Matilda Street and Florida Avenue. The property will include a five-story, 100,000-square-foot trophy office building with a rooftop restaurant and a three-story building that will comprise 18 for-sale luxury condominiums and 45,000 square feet of retail space on the ground level. The condominiums will range in size from 1,254 to more than 5,000 square feet. ONE Sotheby’s International Realty is handling sales, with prices ranging from $3.5 million to $15 million. Ryan Holtzman, Andrew Trench and Brian Gale with Cushman & Wakefield will manage office leasing alongside Thad Adams with Allen Morris Co. Daniel Cardenas and Michael Sullivan with Vertical Real Estate will lead the retail leasing efforts. Allen Morris …

December 4, 2025

Acquisitions Florida Industrial Southeast

Cushman & Wakefield Brokers Sale of 186,675 SF Industrial Park in Sarasota, Florida

by John Nelson December 4, 2025

SARASOTA, FLA. — Cushman & Wakefield has brokered the sale of Airport Commerce Center, an eight-building industrial park in Sarasota spanning 186,675 square feet. The Silverman Group purchased the project from Sound Capital for an undisclosed price. Rick Brugge, Mike Davis and Rick Colon of Cushman & Wakefield represented Sound Capital in the transaction. Airport Commerce Center is located at 7602 15th St. E, which sits near U.S. Highway 301 and I-75 and across from Sarasota-Bradenton International Airport. The small-bay industrial park was fully leased at the time of sale to a roster of 48 tenants. Suite sizes range from 1,177 to 12,283 square feet, with the eight buildings featuring a total of 74 grade-level doors and clear heights ranging from 16 to 20 feet.

December 4, 2025

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