Tuesday, June 2, 2026
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AcquisitionsFloridaRetailSoutheast

JLL Negotiates Sale of 110,780 SF Publix-Anchored Shopping Center in Fort Myers, Florida

by John Nelson

FORT MYERS, FLA. — JLL has negotiated the sale of Daniels Crossing, a 110,780-square-foot, Publix-anchored shopping center located at 6900 Daniels Parkway in Fort Myers. Publix Super Markets Inc. purchased the recently redeveloped center from the seller, a joint venture between Forge Capital Partners and The Sembler Co. The sales price was not released. Danny Finkle and Jorge Portela of JLL represented the seller in the transaction. Daniels Crossing was fully leased at the time of sale to Publix, Quest Diagnostics, Hope Chest Hospice, Millennium Physicians Group and The UPS Store.

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FloridaIndustrialMarket ReportsSoutheastSoutheast Market Reports

Southwest Florida Industrial Market Is Primed for a Surge

by John Nelson

When it comes to the Florida commercial real estate market, the conversation typically gravitates toward the larger metro areas. However, for those of us on the ground, it’s clear that Southwest Florida is becoming a key player in the state, particularly for industrial users.  By nearly every measurable standard — population growth, job creation and infrastructure investment — Southwest Florida continues to outperform much of the United States. Industrial users and investors have taken notice, and so far in 2026, leasing activity has already outpaced all quarters in 2025. According to the latest Colliers market report, the market has absorbed 115,777 square feet of flex and industrial space in the first quarter alone, compared to fourth-quarter 2025 which saw (-189,303 square feet) of negative absorption.  This is due to pent-up demand from users taking a cautious “wait-and-see” approach last year. And while the factors preventing them from making decisions in 2025 still exist, the sheer necessity of a physical presence in the area has finally outweighed the perceived risks.  ‘Supply reset’ On paper, the data might give pause. Overall vacancy in Southwest Florida rose to 9.7 percent in first-quarter 2026, a sharp departure from the 7.2 percent we saw just …

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FloridaLoansMultifamilySoutheast

Madison Realty Capital Originates $91.8M Construction Loan for Multifamily Project in South Miami

by Abby Cox

SOUTH MIAMI, FLA. — Madison Realty Capital has originated a $91.8 million construction loan for the development of Alta Sunset, a 314-unit apartment complex located in South Miami. Henry Bodek of Galaxy Capital arranged the financing on behalf of the borrower, Alta Developers. Situated adjacent to Larkin Community Hospital and Baptist Health South Florida, Alta Sunset will rise 10 stories and feature one- and two-bedroom apartments. Amenities at the property will include a health and wellness club, swimming pool and deck, fitness center, dedicated spa and recovery area, coworking spaces with private offices and a resident lounge, along with 5,444 square feet of ground-floor retail space.

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DevelopmentFloridaRestaurantRetailSoutheast

MMG Plans to Develop 35,810 SF Retail Center at Kendall Town Center in South Florida

by John Nelson

WEST KENDALL, FLA. — MMG Equity Partners is under contract to acquire a 5.1-acre site within Kendall Town Center, a 70-acre master-planned community in West Kendall. The project, called The Shops at Kendall Town Center, will feature 35,810 square feet of restaurants and shops and 4,321 square feet of outdoor terrace space. The developer has submitted plans to Miami-Dade County and is currently seeking administrative site plan approval. The site is located at the intersection of North Kendall Drive (SW 88th Street) and Southwest 158th Avenue. MMG has selected Ed Schmidt and Robert Eckstein of NAI Miami/Fort Lauderdale to lead leasing at The Shops at Kendall Town Center, with half of the space reserved for restaurant tenants.

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DevelopmentFloridaMultifamilySoutheast

Dobbins Begins Construction on 230-Unit Apartment Development in New Port Richey, Florida

by John Nelson

NEW PORT RICHEY, FLA. — Dobbins Group, alongside general contractor Capstone Building Corp., has broken ground on Charleston Ridge Apartments, a 230-unit community located at 9949 Elyton Loop in New Port Richey, a northwest suburb of Tampa in Pasco County. The property will comprise four four-story apartment buildings housing 224 units and six two-bedroom townhomes atop 10,000 square feet of commercial space. Amenities will include a fitness center, clubroom, lounge, tenant market, swimming pool, electric vehicle charging stations and smart vehicular and pedestrian access controls. Dobbins Group plans to deliver Charleston Ridge in 2027.

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AcquisitionsFloridaRestaurantRetailSoutheast

SRS Brokers $6.6M Sale of Two Adjacent Retail Outparcels in Metro Tampa Leased to Dutch Bros, Fifth Third Bank

by John Nelson

LUTZ, FLA. — SRS Real Estate Partners has brokered the $6.6 million ground lease sale of two adjacent retail properties located at 18640 and 18710 Fla. Highway 54 in Lutz, a northern suburb of Tampa in Hillsborough County. Dutch Bros and Fifth Third Bank occupy the two newly developed properties on triple-net leases, with 15 and 20 years remaining on their terms, respectively. Patrick Nutt and William Wamble of SRS represented the seller, an Atlanta-based development and investment group, in the portfolio transaction. The Tampa-based buyer purchased both properties in a 1031 exchange. Both parties requested anonymity.

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DevelopmentFloridaIndustrialSoutheast

Stotan, CrossHarbor Capital to Develop 306,980 SF Industrial Property on Florida’s Space Coast

by John Nelson

TITUSVILLE, FLA. — A partnership between Chicago-based Stotan Industrial and CrossHarbor Capital Partners plans to develop NASA Causeway Logistics Center, a two-building industrial project totaling 306,980 square feet in Titusville, a city on Florida’s Space Coast in Brevard County. The 28.6-acre site, located within Vector Space Business Park, will sit immediately adjacent to the NASA Causeway and approximately five miles from Kennedy Space Center. NASA Causeway Logistics Center will comprise the 215,460-square-foot Building A and the 91,520-square-foot Building B. The buildings will offer 32-foot clear heights, up to 85 dock-high doors, four drive-in doors, more than 300 auto parking spaces and 55 trailer parking spaces. Lightle Beckner Robison advised Stotan in the land deal. Construction will begin immediately, with delivery anticipated in second-quarter 2027.

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West-Town-Corners
AcquisitionsFloridaRetailSoutheast

11North Acquires 285,497 SF Grocery-Anchored Retail Center in Altamonte Springs, Florida

by Abby Cox

ALTAMONTE SPRINGS, FLA. — 11North Partners has acquired West Town Corners, a 285,497-square-foot retail center located in Altamonte Springs, roughly 16 miles north of Orlando. Winn-Dixie anchors the property, which features a mix of additional tenants including PetSmart, T.J. Maxx, Five Below, Panera Bread, Bath & Body Works, Crumbl Cookies and American Signature Furniture. Danny Finkle and Jorge Portela of JLL represented the undisclosed seller in the transaction. Washington Prime Group sold the property for $59.5 million, according to several media outlets.

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AcquisitionsFloridaMultifamilySoutheast

CFAM, RPM Living Acquire 380-Unit Waterfront Multifamily Community in North Miami

by Abby Cox

NORTH MIAMI, FLA. — A joint venture between affiliates of Cantor Fitzgerald Asset Management (CFAM), the investment and asset management division of Cantor Fitzgerald, and RPM Living, have acquired Biscayne Shores, a 380-unit waterfront multifamily community located in North Miami. Miami-based Integra Investments, in partnership with Andrew Korge of Korgeous Group and David Larson of DCL Capital, developed the property in 2024. The purchase price was $151 million, according to various media outlets. Spanning 8.2 acres, the 15-story tower comprises 288 apartments and 92 townhomes ranging in configuration from studios to three-bedroom units. Biscayne Shores also offers approximately 15,000 square feet of amenity space that includes a fitness center, swimming pool, children’s playroom and a rooftop terrace.

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Aventon-Eva
DevelopmentFloridaMultifamilySoutheast

Aventon Breaks Ground on 270-Unit Residential Development in Tampa

by Abby Cox

TAMPA, FLA. — Aventon Cos. has broken ground on Aventon Eva, a 270-unit multifamily development located at the intersection of Little and Decubellis roads in Tampa. The developer will begin leasing the three-story, garden-style complex in July 2027. Aventon Eva will offer one-, two- and three-bedroom floorplans, as well as a resort-style swimming pool, clubhouse with dedicated remote workspace, pet spa and a 24/7 fitness center. The property marks Aventon’s third ground-up community in the Tampa Bay region.  The project team includes Cormia Design (architect) and Studio 5 Interiors (interior designer).

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