Tuesday, September 2, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Florida

AcquisitionsFloridaOfficeSoutheast

Native Realty Negotiates $5M Sale of Office Building in Fort Lauderdale

by John Nelson

FORT LAUDERDALE, FLA. — Native Realty has negotiated the $5 million sale of a 7,541-square-foot office building located at 201 SE 12th St. in Fort Lauderdale. The buyer, a locally based law firm doing business in the transaction as BJO of Fort Lauderdale LLC, plans to occupy the property. Jaime Sturgis and Kaley Tuning of Native Realty represented the seller, an entity doing business as Davie Blvd Office LLC, in the off-market transaction. Completed in 2018, the office building features large windows and surface parking options for tenants.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaIndustrialSoutheast

CBRE Negotiates $82.3M Sale of Metro Miami Industrial Portfolio

by John Nelson

DORAL, FLA. — CBRE has negotiated the $82.3 million sale of a six-building industrial portfolio within America’s Gateway Park in Doral, a city in Miami’s Airport West submarket. Longpoint Partners, a Boston-based private equity firm, purchased the 301,988-square-foot portfolio from Terreno Realty Corp. José Lobón, Trey Barry, Frank Fallon, Royce Rose, George Fallon, Gabriel Braun and Daniel Sarmiento of CBRE represented the seller in the transaction. The sold buildings range in size between 32,990 square feet and 64,774 square feet and were collectively 91 percent leased at the time of sale to 21 tenants.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsColoradoFloridaKentuckyMontanaRetailSoutheastTop StoriesWestern

CBL Properties Acquires Four Enclosed Malls from Washington Prime Group for $178.9M

by Kristin Harlow

CHATTANOOGA, TENN. — Chattanooga-based CBL Properties (NYSE: CBL) has acquired four enclosed regional malls from Washington Prime Group for $178.9 million. The properties include Ashland Town Center in Ashland, Ky.; Mesa Mall in Grand Junction, Colo.; Paddock Mall in Ocala, Fla.; and Southgate Mall in Missoula, Mont. CBL says it is focused on owning and managing successful enclosed malls in dynamic and growing middle markets. The deal suggests mall recovery extends beyond luxury properties, driven by limited retail construction since 2008, according to The Wall Street Journal. Ashland Town Center is a single-level mall that opened in 1989. Totaling more than 420,000 square feet, the property features more than 70 retailers and restaurants, including anchors JCPenney, Belk, T.J. Maxx, Ulta Beauty and Five Below. The center has undergone several renovations over the years, including a major redevelopment in the late 2000s that added a new JCPenney prototype store and updated amenities. The largest indoor shopping center in western Colorado, Mesa Mall spans roughly 733,000 square feet and is home to more than 120 stores and services. Anchor tenants include Cabela’s, Dillard’s, JCPenney, Target, HomeGoods and Dick’s Sporting Goods. Originally developed in 1980, the property has undergone several redevelopments to modernize …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaSeniors HousingSoutheast

Chancey Development Delivers 86-Unit Seniors Housing Community on Marco Island in Southwest Florida

by John Nelson

MARCO ISLAND, FLA. — Chancey Development, in partnership with BRW Development and Watermark Retirement Communities, has delivered The Watermark at Marco Island, a new, 86-unit seniors housing community on Marco Island in southwest Florida. This marks the first senior living community on the island. Totaling 103,000 square feet, the property features 66 assisted living and 20 memory care units. Chancey Architecture & Design designed the community, with Wichman Construction serving as the general contractor. Chancey also partnered with the City of Marco Island to create a public park adjacent to the property, which is located with proximity to an urgent care facility.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRetailSoutheast

Real Estate Fund Acquires Merritt Crossing Shopping Center on Florida’s Space Coast for $9.1M

by John Nelson

MERRITT ISLAND, FLA. — MHCommercial Real Estate Fund II, a private equity fund launched by South Florida-based commercial real estate services firm NAI Merin Hunter Codman Inc., has acquired Merritt Crossing, a 90,000-square-foot shopping center on Florida’s Space Coast, for approximately $9.1 million. John Crotty, Michael Fay, David Duckworth, Brian De La Fe and Philip Shapiro of Avison Young represented the seller, Dechomai Asset Trust Number Three LLC, in the transaction. Matthew Brown, Nicholas White and Will Rosenfield represented the buyer on an internal basis. DG Market and Planet Fitness anchor the shopping center, which is situated on 15.3 acres at 239 Crockett Blvd. on Merritt Island. Merritt Crossing was 92.3 percent leased at the time of sale. NAI Merin Hunter Codman will manage the shopping center, and Holly Carver and Lisa Earnhardt of Rocket City Commercial Real Estate will lease the property on behalf of the new ownership. Since launching in 2022, MHCommercial Real Estate Fund II has purchased nine properties totaling 1.1 million square feet.

Continue Reading
FacebookTwitterLinkedinEmail
Chiefland Regional Shopping Center
AcquisitionsFloridaRetailSoutheast

Coldwell Banker Arranges Sale of 140,664 SF Shopping Center in Chiefland, Florida

by Abby Cox

CHIEFLAND, FLA. — Locally based Coldwell Banker Commercial M.M. Parrish Realtors has arranged the sale of Chiefland Regional Shopping Center, a 140,664-square-foot retail center located in Chiefland, approximately 30 miles southwest of Gainesville, Fla. Bealls anchors the center, which was 95.6 percent occupied at the time of sale to tenants including Rent-A-Center, Tractor Supply Co., Subway, Metro by T-Mobile and a Winn-Dixie grocery store, which will soon be converted into an Aldi. This transaction marks the first time the property has been sold since its original development in 1989. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the buyer, Georgia-based Vanguard Associates, in the deal. Coldwell Banker Commercial M.M. Parrish Realtors represented the undisclosed seller. The sales price was also not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Festival South Aerial
AcquisitionsDevelopmentFloridaIndustrialSoutheast

Foundry, Crow Holdings Acquire 10-Acre Site in Pompano Beach, Plan 182,000 SF Industrial Campus

by Abby Cox

POMPANO BEACH, FLA. — A partnership between Foundry Commercial’s Development & Investments platform and Crow Holdings Capital has acquired Festival South, a 10-acre former parking lot site located in Pompano Beach. The site will be redeveloped into a two-building industrial campus that totals 182,000 square feet. The new campus, which will be situated at the corner of NW 33rd Street and NW 27th Avenue near Fort Lauderdale-Hollywood International Airport, marks Foundry’s 21st development in the South Florida market. Further details about Festival South were not released.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansRetailSoutheast

MMG Equity Partners Obtains $38M Refinancing for Four South Florida Shopping Centers

by John Nelson

MIAMI — Miami-based MMG Equity Partners has obtained a $38 million loan for the refinancing of four shopping centers in South Florida. JLL arranged the loan through Synovus Bank. The four properties include Pinecrest Center and Pinecrest Shoppes in Pinecrest, Westlake Plaza in Westchester and Naranja Plaza in Homestead. The four properties, which front either South Dixie Highway or Bird Road, total 127,826 square feet and were purchased between 2018 and 2020 for a combined total of $28.9 million. The properties are recently stabilized and have undergone nearly $8 million worth of capital improvements under MMG’s ownership.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLeasing ActivityRestaurantRetailSoutheast

New Retailers, Restaurants Lease Space on Lincoln Road in Miami Beach

by John Nelson

MIAMI BEACH, FLA. — The Lincoln Road Business Improvement District (BID) has announced a new wave of retailers and restaurants opening on Lincoln Road, the retail high street of Miami Beach. The new concepts include All’Antico Vinaio, an Italian sandwich concept that will occupy 1,793 square feet at 647 Lincoln Road; Che by Chelsey, an apparel concept that opened its 675-square-foot boutique at 830 Lincoln Road in May; and Davinci Gelato, which opened its 1,350-square-foot gelato shop at 645 Lincoln Road in May. Other newcomers will include Prince Street Pizza and Negroni Caffe & Sushi Bar, which will open before the end of the year, as well as Noble 33’s Mediterranean dining concept Meduza Mediterrania, which will open in 2026. Additionally, Victoria’s Secret and PINK have relocated to a newly built-out space spanning 7,500 square feet at 900-904 Lincoln Road, and Beverly Hills-based Alo Yoga will open a new flagship spanning 13,480 square feet at 100 Lincoln Road, a space that has been vacant for a few years.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaIndustrialSoutheast

Phoenix Investors Purchases 628,000 SF Industrial Facility in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — An affiliate of Milwaukee-based Phoenix Investors has purchased a 628,000-square-foot industrial facility located at 2121 Huron St. in Jacksonville. The property was previously home to Anchor Glass Container Corp. The seller and sales price were not disclosed. The property features 26 dock doors and clear heights up to 32 feet. Phoenix plans to renovate the facility with a new roof, fire suppression enhancements, exterior and interior paint, new dock equipment and site work improvements. The Jacksonville facility represents the ninth former glass factory that Phoenix Investors has acquired with plans to update for modern industrial use, according to Anthony Crivello, executive vice president and managing director at Phoenix. The construction timeline for the redevelopment was not announced.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts