Florida

TAMPA, FLA. — Berkadia has negotiated the sale of Home2 Suites Tampa Brandon, a 125-room hotel located at 10323 Palm River Road in Brandon, an eastern suburb of Tampa. Kyle Sahlsten of Berkadia represented the seller, an affiliate of Sarasota, Fla.-based Floridays Development Co., in the transaction. A Massachusetts-based entity doing business as AAM 15 Management LLC purchased the hotel for an undisclosed price. Built in 2018, the hotel features an outdoor pool, fitness center, a business center and complimentary breakfast for guests.

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Exchange-at-the-Beach

PANAMA CITY BEACH, FLA. — Berkadia has arranged $42.5 million in debt and equity to refinance Exchange at the Beach, a 232-unit multifamily apartment community located in the Upper Grand Lagoon neighborhood of Panama City Beach. Mitch Sinberg, Scott Wadler, Brad Williamson and Matt Robbins of Berkadia secured a $29 million, five-year, fixed-rate Freddie Mac loan on behalf of the borrower, JSB Capital. Berkadia also arranged $13.5 million in preferred equity. Built in 2022, Exchange at the Beach offers one- and two-bedroom apartments ranging in size from 672 to 1,255 square feet, according to Apartments.com. Amenities include a clubhouse with a coffee bar, business center, gaming area, 24-hour fitness center, swimming pool with a veranda and TV area, outdoor BBQ and grilling stations, an outdoor fireplace and a dog park.

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Topline Logistics Center

OCALA, FLA. — Atlanta-based private real estate investment firm Stonemont and private equity firm Iron Point Partners have signed an undisclosed tenant to a full-building lease at Topline Logistics Center, a 457,217-square-foot industrial facility located directly off I-75 in Ocala. Jared Bonshire, David Perez, Taylor Zambito and Ryan Hubbard of Cushman & Wakefield represented Stonemont in the lease negotiations.  Situated on approximately 35 acres in Central Florida, the cross-dock facility features 36-foot clear heights, 110 trailer parking spaces, 247 car parking spaces, four drive-in doors and a 185-foot truck court.

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FORT MEYERS, FLA. — Matthews has negotiated the $30 million sale of a seven-property flex industrial portfolio located along the I-75 corridor at 6150-6481 Metro Plex Drive in Fort Myers. Nick Watson, Jake Lurie and Aiden Hawkins of Matthews represented the undisclosed seller in the transaction. Matthews also sourced the buyer, which is an experienced operator that had pursued the portfolio prior to the seller’s decision to market the property. The flex industrial portfolio spans 218,000 square feet and includes 36 dock-high doors, nine drive-in doors and 19- to 26-foot clear heights.  

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ORLANDO, FLA. — VanTrust Real Estate has purchased 71.2 acres within Sunbridge Business Park in Orlando for the development of an industrial park dubbed SunPark Industrial. The buyer acquired the land from a joint venture between Land Reserve and Tavistock Development Co., the developers of the Sunbridge master-planned community and the Lake Nona master-planned development, which is also in Orlando. Phase I of SunPark Industrial will comprise three buildings totaling roughly 956,600 square feet. Construction is slated to begin in the third quarter, with delivery of the first two buildings anticipated for the third quarter of 2027. A future Phase II would encompass an additional 77 acres and could support roughly 1 million square feet of industrial development. Opened in 2020, Sunbridge is a 27,000-acre “naturehood” located across Orange and Osceola counties that features a mix of homes, 55+ active adult communities, schools, nature trails, cafés, employment centers and Sunbridge Business Park, which spans 700 acres.

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TAMPA, FLA. — JLL has secured a $19 million mezzanine loan for the construction of River Vista, a 268-unit workforce housing development located at 4504 Clewis Ave. in Tampa. Brian Gaswirth and Michael Romero of JLL arranged the financing through a credit venture of Crow Holdings Capital on behalf of the borrower, Vista Residential Partners. River Vista will offer a mix of one-, two- and three-bedroom apartments averaging 989 square feet in size. Amenities will include nature trails, overlooks of the Hillsborough River, multiple club rooms, coworking spaces, a fitness center, pet spa and a dog park. The construction timeline and additional financing details were not disclosed.

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DAVIE, FLA. — El-Ad National Properties has topped off construction of The District in Davie, a $1 billion mixed-use project located about 24 miles north of Miami. The topping off marks the structural completion of Phase I, including the entry promenade and service access roadways, of the 2.8 million-square-foot development. Phase I is anticipated for completion in early 2027. When fully built out across three phases, The District in Davie will feature five residential towers ranging from 21 to 24 stories with 1,292 rental units, 36,000 square feet of restaurant and retail space and 1.1 million square feet of access-controlled parking with 2,650 spaces. Each tower will offer studio, one-, two- and three-bedroom units that will range in size from 589 to 1,460 square feet. Residences will feature high-speed internet, smart thermostats and keyless entry, as well as private terraces on each floor. Amenities will include rooftop pools, coworking spaces, pet parks, children’s play suites, 24-hour fitness and spa treatment rooms, outdoor kitchens, game lounges and a reservable sky lounge for indoor and outdoor entertaining. Atlanta-based architecture firm Cooper Carry is designing the project. Promethean Builders LLC is serving as general contractor. Situated in central Broward County, Davie is one …

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POMPANO BEACH, FLA. — Foundry Commercial, in partnership with Wheelock Street Capital, has broken ground on Festival Logistics Park, a 485,000-square-foot industrial complex located at 2900 W. Sample Road in Pompano Beach. Foundry Commercial and Wheelock Street Capital originally purchased the former Festival Flea Market site for $66 million in September 2025, according to multiple media outlets. Situated on 25 acres, Festival Logistics Park will span three buildings and will include 32- to 36-foot clear heights, flexible configurations and modern industrial features that accommodate various logistics, distribution and light-manufacturing users. The project is expected to be delivered in the fourth quarter. Nick Wigoda, Steve Medwin and Eli Havlik of Stream Realty Partners will handle leasing on behalf of the ownership team.

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McCoy Logistics Center

PALM BEACH COUNTY, FLA. — Cabot Properties has acquired two logistics portfolios totaling 1.3 million square feet in Florida. The portfolios include the McCoy Logistics Center in Orlando, and a three-building logistics property in Palm Beach County. The seller and sales price were not disclosed. Spanning three buildings, the McCoy Logistics Center consists of two rear-load properties and one cross-dock facility totaling 837,115 square feet. Built between 2022 and 2023, the buildings feature dock-level loading, an average 34-foot clear height, 185-foot truck court depths, ESFR sprinkler systems, LED lighting and 555 car parking spaces. The Palm Beach County portfolio spans three rear-load distribution facilities that total 450,505 square feet. The fully leased buildings were built between 2021 and 2023 and include 32-foot clear heights, dock- and grade-level loading, ESFR sprinkler systems, LED lighting and 115- to 185-foot truck court depths.

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Canopy at West River

TAMPA, FLA. — Related Urban Development Group and the Tampa Housing Authority will host a ribbon cutting ceremony on Thursday, Feb. 19, for Canopy at West River, a new 384-unit affordable housing community in Tampa. Delivered in two phases, the community spans four towers and offers a mix of one-, two-, three- and four-bedroom floorplans. Amenities at the complex include a community room with a kitchenette; game room with a TV; business center with computer/internet access; fully equipped fitness centers; smart home technology; electric vehicle (EV) charging stations; and a future NFL Alumni Obstacle Course that “reinforces the development’s focus on active living.” Situated within the larger West River mixed-use development, The Canopy at West River apartments are reserved for residents earning between 22 percent and 80 percent of the area median income (AMI), with long-term affordability supported through a combination of Project-Based Vouchers (PBV), Rental Assistance Demonstration (RAD) programs, National Housing Trust Fund (NHTF) financing and Low-Income Housing Tax Credits (LIHTC).

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