SVN Commercial Partners represented KMB in purchasing a 4.8-acre piece of agricultural land for $1.7 million. The land will now be used by CPL Hardscape and Landscape Construction of Naples as a nursery.
Landscaping: A 4.8-acre piece of agricultural land has sold in Naples. The buyer was an LLC with a Palm Beach Gardens address named KMB Holdings. The property is at 183 Price St. and sold for $1.7 million, according to SVN Commercial Partners, which represented KMB and announced the sale. According to Collier County property records the land was owned by Leo Jr. Lawn and Irrigation Services, which paid $260,000 for the property in 2001. A spokesperson for SVN says it is slated to become a nursery for CPL Hardscape and Landscape Construction of Naples, which was previously known as Collier Cutters of Southwest Florida.
Piece of cake: The Cheesecake Factory is opening at Coconut Point in Estero. According to a spokesperson for the lifestyle center, the 9,000-square-foot eatery is set to officially begin serving customers Aug. 22. The popular California chain was founded in the 1970s and is as well-known for its long waits as its menu items. While the Cheesecake Factory’s opening has long been anticipated, Coconut Point also announced several new retailers that are joining or have joined its tenant roster. Eyeglass maker Warby Parker, urban fashion retailer The Archive, and the ice cream chain IceSSSceamin’ have all taken space at the center. Warby Parker is opening in November and the other two opened earlier this month. Those shops will join previously announced new tenants the Southwest Florida Symphony; the PGA Tour Superstore; and the facial bar Face Foundrié.
Work out the wallet: A pair of properties in Riverview and Lutz with EoS Fitness as tenants have sold as part of a $94 million, seven-property portfolio sale in Florida and Arizona. The 40,350-square-foot property in Lutz is at 2194 Argosy Dr. and brought $13 million. The Riverview property at 5190 S. Gronto Lake Rd. is also 40,350 square feet and it brought $14.3 million. Both gyms are under construction and expected to open later this year. The remaining five properties are in Arizona. William Wamble, senior vice president at SRS Capital Markets, says through a spokesperson that “these prices were the ‘allocated’ amounts due to both being part of the larger portfolio sale.” SRS represented the seller, the Barclay Group. The buyer, according to property records in Pasco and Hillsborough counties, is San Diego-based Realty Income Properties. All the properties, according to a statement, have 15-year leases in place with scheduled rent increases. EoS has 125 locations open or near opening in six states. Last week it opened its eighth Florida gym in Miami.
Get energized: Alternative energy supplier New Wave Energy has leased 4,160 square feet in Ybor City. The Buffalo, New York-based company will move into the Casa Gomez building at 1229 E. 8th Ave. and will take an entire floor. The 20,012-square-foot mixed-use building is being developed by Darryl Shaw and is currently under construction. Work is expected to be completed soon. The building in Tampa’s historic Ybor is on the corner of E. 8th Avenue and 13th Street. According to a brochure, the four-story building will include street-level dining and a rooftop bar. JLL, which represented Shaw’s Casa Ybor in the deal, says two floors remain available for lease. This will be New Wave’s first brick-and-mortar location. In late 2021 the company announced it won approval to provide natural gas directly to Florida residents. A move-in date wasn’t available.
Makes sense: Home decor retailer HomeSense has opened a new store, its second in the region and fifth in the state. The new store is in Hillsborough County at The Shoppes at New Tampa. The 184,447-square-foot Publix-anchored shopping center on Bruce B. Downs near Interstate 75 counts Office Depot, Bonefish Grill, and Ross Dress for Less as tenants. The new HomeSense store is 26,125 square feet. The chain, part of the off-price retail company TJX Cos., carries furniture, rugs, wall art, and mirrors and has a lighting department with chandeliers and a general store selling project supplies. It launched in Canada in 2001 and moved into the U.S. in 2017. It’s grown to 50 locations, among those is a 30,000-square-foot store that opened in November at the University Town Center in Sarasota.
Growing and growing: East Manatee County developer Benderson Development Co. has bought a freestanding Publix in Pompano Beach. The store is at 1140 S.W. 36th Ave. According to a profile on Loopnet, the store is 28,233 square feet and sits on 3.38 acres. The developer did not disclose a purchase price but according to Broward County property records, it paid $7.1 million. Benderson, which was founded in 1949, is a prolific local developer who’s grown into a national real estate giant. The company says its portfolio includes 800 properties in 41 states totaling 51 million square feet. Among its holdings is a 4.5 million-square-foot portfolio of 28 Fred Meyer stores in the Pacific Northwest and Alaska; two Trader Joe’s in the Carolinas; a Whole Foods in Alexandria, Virginia; and the headquarters for Thrivent Financial in Minnesota. Locally, it owns the Crossings at Siesta Key and Bee Ridge Square in Sarasota, among other properties.