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Casa Brera at Toscana Isles
AcquisitionsFloridaMultifamilySoutheast

Milestone Group Acquires 206-Unit Casa Brera Apartment Complex in Lake Worth, Florida

by Abby Cox

LAKE WORTH, FLA. — The Milestone Group has acquired Casa Brera at Toscana Isles, a 206-unit apartment complex located in Lake Worth, approximately 35 miles north of Fort Lauderdale. The purchase price was not disclosed. Hampton Beebe and Avery Klann of Newmark marketed the property on behalf of the undisclosed seller. Casa Brera at Toscana Isles offers one-, two- and three-bedroom floorplans, ranging in size from 870 square feet to 1,430 square feet, according to Apartments.com. Amenities include a resort-style swimming pool, fitness center, clubhouse, social lounge, private movie theater, entertainment bar, multi-purpose sports court and a dog park.

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Sky Zone South Orlando
FloridaLeasing ActivityRetailSoutheast

CrossMarc Services Signs Sky Zone to 42,000 SF Lease at South Orlando Shopping Center

by Abby Cox

ORLANDO, FLA. — CrossMarc Services has signed a lease with Sky Zone to anchor Waterbridge Downs, a 124,997-square-foot shopping center located in Orlando. The 42,000-square-foot active indoor entertainment park is slated to open in spring 2026 and will backfill the space formerly occupied by Big Lots. Sky Zone South Orlando will feature expanded launch slides, an enlarged toddler zone and dedicated space for after-school programs. Gabrielle Garcia will operate the new franchise location. Sky Zone South Orlando will join a mix of tenants at Waterbridge Downs that includes Family Dollar, The UPS Store, Aji Express Ceviche Bar and El Tenampa Mexican Restaurant.

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M2 at Millenia
AcquisitionsFloridaMultifamilySoutheast

JLL Brokers Sale of 403-Unit M2 at Millenia Apartments in Orlando

by Abby Cox

ORLANDO, FLA. — JLL Capital Markets has brokered the sale of M2 at Millenia, a 403-unit mid-rise, multifamily apartment complex in Orlando, which is adjacent to The Mall at Millenia. Ted Taylor and Kyle Butler of JLL’s Investment Sales and Advisory team represented the sellers, JSB Capital Group and BLD Group. The buyer, Independence Realty Trust, purchased the property for an undisclosed price. Built in 2019, M2 at Millenia is a five-story property offering a mix of one-, two- and three-bedroom floorplans ranging in size from 714 square feet to 2,214 square feet, according to Apartments.com. Amenities include a resort-style swimming pool, 24-hour fitness center, yoga studio, entertainment lounge with a kitchen and bar, outdoor grilling areas and 4,216 square feet of ground-floor retail space.

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AcquisitionsFloridaRetailSoutheast

SRS Real Estate Arranges $5.6M Sale of Beachwalk Shoppes in Metro Jacksonville 

by Abby Cox

ST. JOHNS, FLA. — SRS Real Estate Partners has arranged the $5.6 million sale of Beachwalk Shoppes, an 8,200-square-foot retail strip center located in St. Johns, a suburb of Jacksonville. The newly constructed retail center is part of the larger 1,200-acre mixed-use Beachwalk project currently under development. The property was fully leased at the time of sale to five tenants: Bagels R Us, Goin’ Postal, Fancy Sushi, Deca Dental and Playa Bowls. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a national development and investment firm, in the transaction. The buyer was an Atlanta-based private investor. Both parties requested anonymity.

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AcquisitionsDevelopmentFloridaIndustrialSoutheast

Colliers Negotiates Sale of 168.3-Acre Industrial Development Site in South Orlando

by John Nelson

ORLANDO, FLA. — Colliers has negotiated the $46.3 million sale of a 168.3-acre site on Wetherbee Road near Orlando International Airport. Orlando Utilities Commission sold the parcel on the south side of the city to developer Seefried Industrial Properties and its equity partner Clarion Partners. Joe Rossi, Lee Morris, Jeff Morris and Bret Felberg of Colliers represented the seller in the land transaction. Seefried was self-represented in the deal and has selected Morris to lease the development, which is dubbed Orlando Infill Logistics Center. The project will span 1.5 million square feet of new development across a maximum of nine buildings. Seefried plans to begin construction in the first quarter on the first three buildings, which are being developed on a speculative basis. Build-to-suit opportunities are also being entertained at the site, according to Colliers. Orlando Infill Logistics Center will feature up to 1,500 automobile parking spaces and 600 trailer spaces at full build-out.

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DevelopmentFloridaMultifamilySoutheast

Centennial Bank Provides $73M Construction Loan for Elysian Apartments in Winter Garden, Florida

by John Nelson

WINTER GARDEN, FLA. — Centennial Bank has provided a $73 million construction loan for Elysian, a 323-unit luxury apartment development in the Orlando suburb of Winter Garden. Robby Barrows and David Druey of Centennial Bank originated the loan on behalf of the borrower, Unicorp National Developments Inc. The locally based developer plans to break ground on Elysian soon and wrap up construction in approximately 18 months. Site clearing is complete and pipe installation is currently underway. Designed by Krieger Klatt Architects, Elysian’s amenities will include a wine bar; fitness center with yoga, Pilates and cycling studios; steam room with a sauna; resort-style pool with cabanas; and a clubhouse with a fireplace and movie theater. Information on the property’s floorplans was not released. The Elysian loan grows the financing relationship between Centennial Bank and Unicorp to more than $500 million.

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FloridaLoansOfficeSoutheast

Northmarq Arranges $43M Refinancing of Office Campus in Palm Beach Gardens, Florida

by John Nelson

PALM BEACH GARDENS, FLA. — Northmarq has arranged the $43 million refinancing for Oakbrook Center, a three-building, 243,350-square-foot office campus located at 11760, 11770 and 11780 U.S. Highway 1 in Palm Beach Gardens. Deutsche Bank provided the five-year CMBS loan to the borrower, a joint venture between MHCommercial Real Estate Fund and Waterfall Asset Management. Built in 1985, Oakbrook Center is situated on 11.4 acres in South Florida’s Palm Beach County and includes covered parking; professional onsite property management; a fitness center with Peloton bikes, cardio weight equipment and showers; stacked, private terraces; floor-to-ceiling windows; and a courtyard.

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2000 Wynwood
DevelopmentFloridaMultifamilySoutheast

American Landmark, Clearline Break Ground on 310-Unit Apartment Complex in Miami’s Wynwood Arts District

by Abby Cox

MIAMI — A partnership between Tampa- based American Landmark Apartments and New York-based Clearline Real Estate has broken ground on 2000 Wynwood, a 310-unit apartment complex located in Miami’s Wynwood Arts District. Leo A Daly designed the project, which will feature luxury studios, one- and two-bedroom apartments, as well as 12,000 square feet of ground-floor retail space. Amenities will include a resort-style rooftop swimming pool, fitness center, resident lounge, coworking areas and 308 private parking spaces. A timeline for completion was not disclosed.

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730 4th St. N.
AcquisitionsFloridaRetailSoutheast

SRS Real Estate Arranges $7.3M Sale of a Multi-Tenant Retail Property in St. Petersburg, Florida

by Abby Cox

ST. PETERSBURG, FLA. — SRS Real Estate Partners has arranged the $7.3 million sale of a two-parcel, multi-tenant retail strip center located at 730 4th St. N in St. Petersburg. Built in 2009, the property totals 10,802 square feet and was fully leased to a mix of tenants including Foxtail Coffee, The UPS Store, Jimmy John’s, Chipotle Mexican Grill and Verizon Wireless at the time of sale. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a Tampa-based investment group, in the transaction. The buyer was a national fund that targets multi-tenant retail properties. Both parties requested anonymity.

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FloridaMarket ReportsRestaurantRetailSoutheastSoutheast Market Reports

Florida’s Retail Evolution Is Paying Off

by John Nelson

When asked what makes Florida appealing from a retail perspective, Steven Miskew, CEO of Southeast Centers, put it succinctly: “The good macro-economic drivers are here: population growth, lack of supply and low vacancy, all in a pro-business environment,” he said.  As Miskew asserts, Florida’s population continues to swell as approximately 1,755 people move into the state daily, according to 2023 data from online self-storage platform StorageCafe.  Additionally, U-Haul has ranked Florida as a top four growth state in its annual growth index — which analyzes the destinations for one-way moves across its fleet — every year since 2015. Seven Florida cities ranked in U-Haul’s top 25 growth metros in 2024. Florida’s growing population underpins the success of its retail sector as more rooftops directly correlates to more demand for corresponding services, including grocery, food-and-beverage, health and wellness and soft goods.  Phil Kirkpatrick, business recruitment and property development at the City of Clearwater’s economic development and housing department, says that the Tampa Bay-area city is seeing very strong retail occupancy levels. “Vacancy is quite low as of the end of 2024, sitting at 5.4 percent,” says Kirkpatrick, acknowledging that the rate exceeds the vacancy rate of the overall Tampa Bay metro …

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