Florida

Foundry Commercial Negotiates Sale of 104,897 SF Office Complex in St. Petersburg, Florida

by Abby Cox August 24, 2026

ST. PETERSBURG, FLA. — Foundry Commercial has negotiated the sale of Castille at Carillon, a two-building office complex located at 400 and 450 Carillon Parkway in St. Petersburg, a suburb of Tampa. Joe Chick, Christine Mansour and Chris DeMartino of Foundry Commercial represented the seller, a joint venture between Feldman Equities and Tower Realty Partners, in the transaction. ESN Group LLC acquired the property for an undisclosed price. Situated within the Carillon Park mixed-use business park, Castille at Carillon spans 104,897 square feet and was 93 percent leased at the time of sale to 21 tenants. The property features an average tenant suite size of roughly 4,100 square feet and a two-level parking garage with more than 400 spaces. Previous ownership invested more than $1.8 million in capital improvements since 2020, including renovations to the lobbies, restrooms and common areas, HVAC upgrades and parking garage improvements.

August 24, 2026

Development Florida Leasing Activity Multifamily Southeast

Integra Investments, City of North Miami Begin Preleasing for 342-Unit Mixed-Income Apartment Complex

by Abby Cox August 24, 2026

NORTH MIAMI, FLA — Integra Investments, in partnership with the City of North Miami Community Redevelopment Agency (CRA), has begun preleasing for Lakeview at Nomi, a 342-unit mixed-income apartment complex located in North Miami. Move-ins are expected to begin in November. The seven-story building features 34 units reserved for residents earning 60, 70 and 80 percent the of the area median income (AMI), and the remaining units will be reserved for residents earning up to 120 percent of the AMI. Lakeview at Nomi features one-, two- and three-bedroom floorplans, as well as select floorplans with dens and four live-work residences. Apartments range in size from 605 to 1,245 square feet, while live-work units span approximately 1,280 to 1,915 square feet. Amenities at the complex will include a resort-style swimming pool and pool deck with a summer kitchen; fitness center; dedicated coworking space; central courtyard; clubhouse that features a lounge and coffee bar; playground; enclosed dog park; and a 528-foot linear park. The project team for Lakeview at Nomi includes Anillo Toledo Lopez Architecture (architect); Integra Build, Integra Investments’ in-house construction arm (general contractor); ID & Design International (interior designer); Valentina Interior Design (art curation); and EGS2 (landscape architect). In addition, TRG Management will lead leasing and property …

August 24, 2026

Development Florida Southeast Student Housing

Portman, 908 Group Deliver 674-Bed Student Housing Community Near Florida State University

by Abby Cox August 21, 2026

TALLAHASSEE, FLA. — Atlanta-based Portman and Tampa-based 908 Group, along with Canyon Partners Real Estate and PTM Partners, have opened The Hall, a 674-bed student housing community near Florida State University (FSU) in Tallahassee. Situated adjacent from Legacy Hall, the new home of the FSU College of Business, The Hall features 191 apartments across two mid-rise buildings. Amenities at the complex include two swimming pools, two fitness centers, property-wide Wi-Fi, 425 parking spaces and 7,689 square feet of ground-floor retail.

August 21, 2026

Acquisitions Florida Restaurant Southeast

Marcus & Millichap Brokers Sale of Restaurant in New Smyrna Beach, Florida Leased to Wendy’s

by Abby Cox August 21, 2026

NEW SMYRNA BEACH, FLA. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a freestanding restaurant in New Smyrna Beach, about 14 miles south of Daytona Beach. Built in 2022, the building is occupied by Wendy’s, which has 16 years left on a triple-net lease that features 7.5 percent rental increases every five years in the initial term. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group brokered the transaction. The buyer and seller requested anonymity. The sales price was also not released. “We were able to generate multiple offers and ultimately close with an out-of-state, all-cash buyer in under 30 days,” says McMinn. “The combination of a 16-year corporate triple-net lease, scheduled rent increases and a strong Daytona Beach-area location created significant investor demand for the property.”

August 21, 2026

Acquisitions Florida Office Southeast

Berkadia Arranges $62.3M Sale of Office Building in Miami’s Coconut Grove Neighborhood

by John Nelson August 20, 2026

MIAMI — Berkadia has arranged the $62.3 million sale of The Grove at 3250 Mary, a five-story, 80,000-square-foot office building located on a 1.3-acre site in Miami’s Coconut Grove neighborhood. An entity doing business as Mary Street 3250 LLC purchased the asset from Azora Private Solutions and Vizcaya Capital. Omar Morales and Jaret Turkell of Berkadia’s South Florida office represented the sellers in the transaction.

August 20, 2026

Acquisitions Florida Retail Southeast

Benderson Acquires Three Florida Retail Properties Totaling 400,000 SF

by John Nelson August 20, 2026

UNIVERSITY PARK, FLA. — Benderson Development has acquired three retail properties on the Gulf Coast side of Florida totaling 400,000 square feet. The first acquisition is Granada Plaza, a Publix-anchored retail center located in the Tampa suburb of Dunedin at the intersection of Main Street and Keene Road. The second acquisition is Venice Market Place, a shopping center located where Tamiami Trail meets Center Road in Venice. Benderson also purchased a retail building leased to Lowe’s Home Improvement at 10070 Estero Town Commons Place in Estero. The sellers and sales prices were not released. Benderson is based in University Park and has more than 4.5 million square feet of retail space in its development pipeline in Florida.

August 20, 2026

Acquisitions Florida Retail Southeast

Benderson Acquires Three Properties Totaling 400,000 SF in Florida

by Matthew Auchincloss August 19, 2026

UNIVERSITY PARK, FLA. — Benderson Development has acquired three properties totaling 400,000 square feet along the west coast of Florida. The first, Granada Plaza, is a Publix-anchored retail center located in the Tampa suburb of Dunedin at the intersection of Main Street and Keene Road. The second acquisition is Venice Market Place, a shopping center located where Tamiami Trail meets Center Road in Venice. Finally, Benderson purchased a building tenanted by Lowe’s Home Improvement Center at 10070 Estero Town Commons Place in Estero.

August 19, 2026

Acquisitions Florida Healthcare Southeast

Transwestern Arranges $65M Sale of Medical Outpatient Building in Downtown Jacksonville

by John Nelson August 19, 2026

JACKSONVILLE, FLA. — Transwestern has arranged the $65 million sale of Southbank Medical Pavilion, a 493,012-square-foot medical outpatient building located at 841 Prudential Drive in downtown Jacksonville. The buyer, Baptist Health, operates its flagship hospital campus adjacent to the 22-story property. Steve Leathers, Bill Boyd, Seth Gilford, Jake Jordan, Angela Heidman and Max Hastings of Transwestern represented the seller, Alpharetta, Ga.-based ShareMD, in the transaction. Situated on 7.9 acres along the south bank of the St. Johns River, Southbank Medical Pavilion was 94 percent leased at the time of sale.

August 19, 2026

Acquisitions Development Florida Industrial Loans Southeast

Bluecrest Capital Acquires 226,500 SF Flex Development in Jacksonville, Plans Industrial Conversion

by Abby Cox August 17, 2026

JACKSONVILLE, FLA. — Nashville-based Bluecrest Capital Advisors has acquired Cypress Point Business Park, a 226,500-square-foot industrial flex development in Jacksonville, for $28 million. Philip Rachels of CBRE secured debt financing through First Horizon Bank on behalf of Bluecrest Capital. Robbie McEwan and Jesse Jones of JLL Capital Markets represented the seller, an entity doing business as Viking Partners Cypress LLC, in the transaction. Constructed between 1999 and 2004, the six-building park features four office buildings totaling 146,500 square feet and two light industrial buildings totaling 80,000 square feet. The property was 62 percent leased at the time of sale to five regional and national tenants including US Assure Insurance and ADT. Bluecrest Capital plans to convert 85,000 square feet of vacant space to small-bay light industrial infill space (SBLI). Within three years, the company says it expects to have converted approximately 76 percent of the gross leasable area converted to SBLI through lease rollovers and strategic build-outs. The remaining 24 percent is expected to be converted following year three. Bluecrest Capital also plans upgrades and renovations to subdivide larger suites into smaller units.

August 17, 2026

Development Florida Multifamily Southeast

NRP Group Breaks Ground on 312-Unit Luxury Apartment Community in Port St. Lucie, Florida

by Abby Cox August 14, 2026

PORT ST. LUCIE, FLA. — The NRP Group has broken ground on a 312-unit luxury apartment complex located within the master-planned community of Tradition in Port St. Lucie. Situated on approximately 18 acres, the project will comprise 10 three-story buildings offering a mix of one-, two- and three-bedroom apartments ranging in size from 720 to 1,300 square feet. Amenities will include a 24-hour fitness center; resort-style swimming pool; coworking suites and dedicated work-from-home offices; a multipurpose resident lounge with a full kitchen; package concierge and storage facilities; outdoor grilling areas; and landscaped courtyards, gathering spaces and a walking trail surrounding the community’s onsite lake. Designed by Group 4 Architecture, the project is slated for completion in summer 2028. M&T Bank provided construction financing for the development.

August 14, 2026

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