Friday, March 28, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Florida

DevelopmentFloridaSoutheastStudent Housing

Portman, 908 Group Launch Vertical Construction on 674-Bed Student Housing Development Near Florida State University

by John Nelson

TALLAHASSEE, FLA. — A joint venture between Portman and 908 Group has launched vertical construction on The Hall, a 674-bed student housing development located directly across from Florida State University’s College of Business in Tallahassee. The community will offer 191 units across two mid-rise buildings. Amenities will include a rooftop pool, fitness center, 7,269 square feet of ground-floor retail space and 452 parking spaces. The development team includes Canyon Partners Real Estate and PTM Partners. The Hall is slated for completion in summer 2026.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaMultifamilySoutheast

JLL Brokers Sale of 280-Unit Eight Winds Multifamily Community in St. Augustine, Florida

by John Nelson

ST. AUGUSTINE, FLA. — JLL Capital Markets has brokered the sale of Eight Winds, a 280-unit luxury multifamily community in St. Augustine, about 40 miles south of Jacksonville. The buyer was Debartolo Development LLC. Cliff Taylor and Joe Ayers of JLL represented the seller, Altis Cardinal, in the transaction. The sales price was not disclosed, but the Jacksonville Daily Record reported the property traded for $59 million. Located at 50 Wexford Way, the complex comprises 297,426 square feet of rentable space. Unit sizes range from 707 square feet to 1,248 square feet with one-, two- and three-bedroom floorplans, according to Apartments.com. Amenities at the property include a walk-in heated swimming pool, 24/7 fitness center, pickleball courts, multiple indoor and outdoor lounge areas, fire pit, pet washing station and electric vehicle charging stations.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansMultifamilySoutheast

Walker & Dunlop Arranges $28.4M Refinancing for Apartment Complex in Grenelefe, Florida

by John Nelson

GRENELEFE, FLA. — Walker & Dunlop has arranged a $28.4 million loan to refinance Grand at Grenelefe, a 417-unit fractured multifamily property located in Grenelefe, roughly 46 miles south of Orlando. Harvey Pava of Walker & Dunlop’s Florida Capital Markets team arranged the loan on behalf of the borrower, Alya Equities. The fixed-rate loan features a 5-year term with a 12-month interest-only payment, as well as a step-down prepayment structure. Situated at 3119 Camelot Drive, the complex sits on more than 160 acres with a mix of one-, two- and three-bedroom floorplan options ranging up to 1,275 square feet. Amenities at the property include an onsite property manager, walking and biking trails, storage space, laundry facilities and a lounge.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLeasing ActivityRetailSoutheast

Bout Boxing Signs Retail Lease at Central Island Square Near Charleston  

by John Nelson

DANIEL ISLAND, S.C. — New York City-based Bout Boxing has signed a 2,047-square-foot retail lease at Central Island Square, a 4,000-acre master planned community in Daniel Island. Located roughly eight miles from Charleston International Airport, the new fitness studio is slated to open this spring at 50 Central Island St. Melissa Sweeney of Continental Realty Corp. and Lindsey Halter of Carolina Retail Experts represented the undisclosed landlord in the lease negotiations. Alex Kucich and Nell Kucich currently operate two Bout Boxing locations in New York City and are teaming up with Marc Nuccitelli for the Charleston expansion. Bout Boxing will join a mix of retail tenants at Central Island Square including Buck’s Deli, Par Paradise, Gloss, iCRYO, Tacos & Tequilas Mexican Grill, New York Butcher Shoppe and a pet boutique.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaSoutheastStudent Housing

Gilbane, CBRE Investment Break Ground on 702-Bed Student Housing Development Near University of Florida

by John Nelson

GAINESVILLE, FLA. — A joint venture between Gilbane Development Co. and CBRE Investment Management has broken ground on Zaya, a 702-bed student housing development located near the University of Florida campus in Gainesville. The community will offer 352 units with bed-to-bath parity. Shared amenities will include a rooftop deck with a pickleball court, pool, clubhouse and fitness center; study rooms on each floor; a coworking lounge; leasing lobby with a coffee bar; and three courtyards with lawn games, outdoor cooking space and lounges. Site work has commenced for the development with completion scheduled for summer 2027.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaOfficeSoutheast

JLL Brokers $31.5M Sale of Office Complex in Celebration, Florida

by John Nelson

CELEBRATION, FLA. — JLL has brokered the $31.5 million sale of Celebration Office Center, a two-building office complex located at 1170 and 1180 Celebration Blvd. in Central Florida. Robbie McEwan, Hunter Smith and Blake Koletic of JLL represented the seller, Real Estate Value Advisors, in the transaction and procured the buyer, TMT Properties. Built in 2000 and 2001, the property is situated within the Celebration master-planned community and in close proximity to Walt Disney World and Universal Studios. Celebration Office Center was 98 percent leased at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRetailSoutheast

SRS Arranges $9.3M Sale of New Gas Station and Convenience Store Leased to 7-Eleven in Lecanto, Florida

by John Nelson

LECANTO, FLA. — SRS Real Estate Partners has arranged the $9.3 million sale of a newly built gas station and convenience store located on a 1.8-acre site at 3045 W. Norvell Bryant Highway in Lecanto, a city in west-central Florida. 7-Eleven occupies the 4,500-square-foot property, which was delivered in August 2024, on a 15-year, corporate-guaranteed lease. The property is an outparcel to Black Diamond, a 29-acre retail development anchored by Target. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based developer, in the transaction. The buyer was a private investor from Kentucky. Both parties requested anonymity.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaIndustrialSoutheast

Basis Industrial Purchases Metro Tampa Industrial Portfolio for $60M

by John Nelson

DELRAY BEACH, FLA. — Delray Beach-based Basis Industrial has purchased a portfolio of five business parks in the metro Tampa area for $60 million. The 472,512-square-foot portfolio brings Basis Industrial’s Tampa-area holdings to more than 1 million square feet. The properties in the portfolio include Bryan Dairy Business Park in Largo (102,166 square feet); Starkey Center I and II in Largo (102,652 square feet); Turtle Creek in Clearwater (121,217 square feet); Cross Bayou in Largo (58,088 square feet): and ICOT IV & Condo in Clearwater (88,389 square feet). Anthony Scavo represented Basis Industrial in the transaction on an internal basis. Bob Anderson of Birtcher Anderson represented the undisclosed seller. Beach Point Capital Management provided an undisclosed amount of acquisition financing to Basis, which plans to invest capital improvements for the portfolio’s exteriors, roofs, parking area and signage.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRetailSoutheast

Prudent Growth Partners Buys Retail Center in Gainesville, Florida for $5.2M

by John Nelson

GAINESVILLE, FLA. — Prudent Growth Partners LLC, a private equity firm based in Chapel Hill, N.C., has purchased SouthGate Centre, a 24,025-square-foot retail center in Gainesville. The undisclosed seller sold the property for approximately $5.2 million. Built in 1989 within 1.5 miles from the University of Florida, SouthGate Centre was leased to 13 lifestyle and service retailers at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaIndustrialSoutheast

HLI Partners, Whitley Capital to Develop 116,000 SF Industrial Facility in Sanford, Florida

by John Nelson

SANFORD, FLA. — HLI Partners and Whitley Capital have partnered to develop a 116,000-square-foot industrial facility at the corner of West Airport Boulevard and McCracken Road in Logisticenter at Sanford. The project is a build-to-suit development for game distributer PHD Games, which signed a 10-year lease for the facility and will occupy 81,330 square feet. HLI Partners will market the remaining 34,600 square feet of available space. The new facility will house PHD Games and its sister company, Coqui Hobby, as a consolidation of its two existing locations. The facility is scheduled for occupancy in the second quarter of 2026. Additionally, HLI will lease both of PHD Game’s current properties at 623 Trestle Point (20,716 square feet) in Sanford and 390 S. Ronald Reagan Blvd. (21,881 square feet) in Longwood, Fla.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts