Florida

FRP Acquires 24 Acres in Broward County, Plans 300,000 SF Logistics Development

by Abby Cox July 27, 2026

SOUTHWEST RANCHES, FLA. — FRP Development Corp. has acquired 24 acres in Southwest Ranches, a town in South Florida’s Broward County. FRP plans to develop Logistics Center at Southwest Ranches, a planned 300,000-square-foot industrial facility, at the site. The project is expected to include 36-foot clear heights, dock-high loading, expansive truck courts, trailer parking and flexible configurations, and will be designed to serve logistics, manufacturing and regional distribution users. Completion of the development is anticipated for 2028. Further details of the timeline were not disclosed. Tenants at Logistics Center at Southwest Ranches will have nearby access to Port Everglades, Port Miami, Miami International Airport, Fort Lauderdale-Hollywood International Airport and the Florida East Coast Railway’s intermodal network.

July 27, 2026

Acquisitions Florida Retail Southeast

SRS Real Estate Brokers $7.9M Sale of Retail Strip Center in Wesley Chapel, Florida

by Abby Cox July 27, 2026

WESLEY CHAPEL, FLA. — SRS Real Estate Partners has brokered the $7.9 million sale of Promenade, a three-tenant retail property located in Wesley Chapel, roughly 24 miles north of downtown Tampa. Built in 2025, the 9,222-square-foot property was fully leased at the time of sale to Heartland Dental, GoodVets and Ann’s Salon & Spa. William Wamble, Patrick Nutt and Connor Barton of SRS represented the seller, a Florida-based developer and investor, in the transaction. The all-cash buyer was a Florida-based investor.

July 27, 2026

JACP-Center-Point-Business-Park-Aerial-22

Acquisitions Florida Industrial Southeast

Merritt Properties Acquires 11-Building Industrial Park in Jacksonville

by Abby Cox July 24, 2026

JACKSONVILLE, FLA. — Merritt Properties has acquired Center Point Business Park, an 11-building, 537,800-square-foot light industrial park located in Jacksonville’s Butler corridor near the Florida East Coast Railway. According to the Jacksonville Business Journal, Merritt Properties purchased the campus for $89.8 million. This latest office park acquisition marks Merritt’s first major transaction after receiving a $750 million investment led by Centerbridge Partners to boost its long-term growth strategy. Royce Rose and Justin Rabin of CBRE represented the seller, Plymouth REIT, in the transaction. Spencer Cummings and Cassidy Bergstrom led Gunster’s legal team in representing Merritt Properties. Situated at 4801-6631 Executive Park Court, Center Point Business Park was 99 percent leased at the time of sale to 35 tenants. The property features 18- to 22-foot clear heights, rear-load configurations, dock-high loading, concrete tilt-wall construction, 107 dock doors and 1,005 parking spaces. On average, tenant spaces are approximately 15,100 square feet. In addition to its existing portfolio, Merritt owns land at Imeson Landing Business Park and Oakleaf Commerce Center in Jacksonville, where future light industrial development is planned.

July 24, 2026

Development Florida Self-Storage Southeast Virginia

Space Shop Underway on Three Self-Storage Properties in Florida, Virginia Totaling 2,088 Units

by John Nelson July 23, 2026

ATLANTA — Space Shop Self Storage has three self-storage properties underway in Florida and Virginia totaling 2,088 units. With these projects, the Atlanta-based firm is nearing 80,000 units under management across more than 100 facilities. The newly announced properties include a 715-unit facility located at 134 Mason Ave. in Holly Hill, Fla.; a 668-unit property at 480 Cogan Drive SW in Palm Bay, Fla.; and a 705-unit facility located at 10265 Lakeridge Parkway in Glen Allen, Va. The projects span a combined 297,000 square feet and represent a total investment of $40 million. Space Shop plans to deliver all three properties in spring 2027.

July 23, 2026

Development Florida Hospitality Multifamily Southeast

Partnership Breaks Ground on Apartment Tower, Marriott Hotel in Downtown West Palm Beach

by John Nelson July 22, 2026

WEST PALM BEACH, FLA. — A partnership comprising LD&D, IGEQ and FrontRange Capital Partners has broken ground on a 21-story apartment tower and hotel in downtown West Palm Beach. The properties, the 181-unit Alida Residences and the 112-room Tribute Portfolio hotel by Marriott, will be developed simultaneously as separate residential and hospitality properties. The developers assembled the three parcels for the two buildings in 2019. The site is located directly adjacent to a Brightline station and near the future campus for Vanderbilt University. Alida Residences will offer a mix of studio, one-, two- and three-bedroom units ranging in size from 500 to 2,000 square feet, as well as a rooftop pool deck on the 21st floor. Both Alida Residences and the Tribute Portfolio hotel by Marriott are expected to open in 2028.

July 22, 2026

Acquisitions Florida Retail Southeast

TSCG Arranges $20.7M Sale of Publix-Anchored Shopping Center in Jacksonville

by John Nelson July 22, 2026

JACKSONVILLE, FLA. — TSCG has brokered the $20.7 million sale of The Plaza at Normandy, a Publix-anchored shopping center located at the intersection of Normandy Boulevard and Chaffee Road South in Jacksonville. An unnamed 1031 exchange buyer purchased the 58,691-square-foot center from the developer, Wagner Property Group. Anthony Blanco, Mallory Silva and Spencer Kinsella of TSCG represented the seller in the transaction, and Laurie Ann Drinkwater of Marcus & Millichap represented the buyer. Built in 2024, The Plaza at Normandy was fully leased at the time of sale to Publix, Publix Liquor Store, Xtreme Wings, Hair Cuttery, Nail Art Studio & Spa, The UPS Store and AT&T Wireless. The shopping center includes outparcels for McDonald’s and Wawa that were not part of the sale.

July 22, 2026

Acquisitions Florida New York Northeast Retail Southeast Top Stories

Mavis Tire Agrees to Acquire Pep Boys from Icahn Enterprises for $700M

by Kristin Harlow July 22, 2026

WHITE PLAINS, N.Y. AND SUNNY ISLES BEACH, FLA. — Mavis Tire Express Services Corp. and Icahn Enterprises LP (NASDAQ: IEP) have entered into a definitive agreement under which a subsidiary of Mavis will acquire Pep Boys from Icahn Automotive Group LLC for approximately $700 million in cash. IEP will retain the owned real estate previously transferred to IEP from Pep Boys, as well as the AAMCO Transmissions and Precision Tune Auto Care businesses. Formally named The Pep Boys-Manny, Moe & Jack Holding Corp., Pep Boys is an automotive service company offering tires, repairs, oil changes and maintenance services from nearly 800 retail locations nationwide. Navy veterans Emanuel “Manny” Rosenfeld, Maurice “Moe” Strauss and Graham “Jack” Jackson founded the company in 1921. According to Mavis, the acquisition expands its presence in new and existing markets, particularly across the Western United States where Pep Boys maintains a significant retail footprint. The deal grows Mavis’ network to more than 4,400 service center locations across the United States and Canada. “Pep Boys brings a loyal customer base, deep-rooted market presence across the United States and a distribution network that will meaningfully enhance our supply chain nationwide,” says David Sorbaro, co-CEO of Mavis. “As part …

July 22, 2026

Florida Loans Southeast Student Housing Uncategorized

JLL Secures $24M Refinancing for Student Housing Property Near University of Florida

by John Nelson July 21, 2026

GAINESVILLE, FLA. — JLL Capital Markets has secured a $24 million refinancing for The Row, a 182-bed student housing property located at 407 S.W. 13th St. near the University of Florida campus in Gainesville. Melissa Rose, Mike Brady and Christian Johnston of JLL represented the borrower, The Ardent Cos., in arranging the three-year, floating-rate loan through GID. The seven-story community offers shared amenities including a resort-style deck and reflective pool, fitness center and collaborative and independent study areas on each floor. The property also features 4,315 square feet of ground-floor retail space.

July 21, 2026

Florida Loans Southeast Student Housing

JLL Secures $176.6M Construction Loan for Student Housing Development Near University of Central Florida

by Abby Cox July 20, 2026

ORLANDO, FLA. — JLL Capital Markets has secured a $176.6 million construction loan for The Place at Alafaya, a 1,395-bed student housing development located at 11600 MacKay Blvd. near the University of Central Florida (UCF) campus in Orlando. Mona Carlton, Elliott Throne, Joshua Odessky, Michael Romero, JJ Hovenden and Luke Maganas of JLL secured the financing on behalf of the borrower, Beachwold Residential. Upon completion, The Place at Alafaya will offer 484 units with bed-to-bath parity across three four-story buildings. The property will also feature a standalone, three-story clubhouse spanning 16,000 square feet. Amenities will include a resort-style swimming pool; fitness center with a cold plunge and sauna; private study rooms; pickleball and basketball courts; and a game lounge. A timeline for the development was not released.

July 20, 2026

Acquisitions Florida Industrial Southeast

JLL Negotiates $67.7M Sale of Three Industrial Buildings in Lakeland, Florida

by Abby Cox July 17, 2026

LAKELAND, FLA. — JLL Capital Markets has negotiated the $67.7 million sale of three industrial buildings located within Lakeland Commerce Center in Lakeland, a city in Central Florida between Tampa and Orlando. Cody Brais, John Huguenard, Luis Castillo, Taylor Osborne, David Orta Jr. and Mia Gian of JLL represented the seller, Atlanta-based Stonemont, in the transaction. MDH Partners, also based in Atlanta, was the buyer. Positioned along the County Line Road corridor between I-4 and Lakeland Linder International Airport, Lakeland Commerce Center Buildings 100, 200 and 300 are three newly constructed, rear-load industrial buildings totaling 557,100 square feet. The property provides same-day delivery access to Florida’s residents, as well as logistics services throughout the Southeastern United States. Lakeland Commerce Center spans four buildings. MetLife purchased the fourth building, the 348,740-square-foot Building 400, for $50 million in March 2025.

July 17, 2026

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