Retail

ST. JOHNS, FLA. — SRS Real Estate Partners has brokered the $6.5 million sale of Parkway Place Shoppes, a new strip retail center located at 1385 St. Johns Parkway in the Jacksonville suburb of St. Johns. KidStrong, Oola Mala Restaurant, Tsaocaa Tea, Benjamin Moore and Planet Smoothie fully occupy the 11,685-square-foot property on new 10-year, triple-net leases. Patrick Nutt, William Wamble and Daniel Becker of SRS represented the seller, a Florida-based private development company, in the sale. The buyer was a private investor from New York that purchased the center in a 1031 exchange.

BOYNTON BEACH, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $31 million sale of Village Square at Golf, a 135,133-square-foot shopping center located in Boynton Beach. KC Market anchors the property, which was built in 1983 and renovated in 2012. Other tenants at the center, which was 93 percent occupied at the time of sale, include Enterprise Rent-A-Car, Quest Diagnostics, The UPS Store, Boynton Quality Medical Center and Anthony’s Ladies’ Apparel. Kirk Olson and Drew Kristol of IPA represented the seller, a publicly traded REIT, in the transaction. The buyer was not disclosed.

TAMPA, FLA. — Plaza Advisors has arranged the $12.6 million sale of Fowler Plaza South, a 57,093-square-foot shopping center in Tampa. The property was 97 percent leased at the time of sale to tenants including Dollar General, Champs Sports, AT&T, Jimmy John’s, Foot Locker and Amscot. Fowler Plaza South is located less than a half-mile west of the University of South Florida and across the street from Rithm, the ongoing mixed-use redevelopment project of the former University Mall. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the seller, SJS Realty Management, in the transaction. The buyer was not disclosed.