CENTRAL FLORIDA

A Davie bowling alley has shut its doors and will soon be razed so Dalfen can build a 151,000-square-foot warehouse. Dalfen landed a $26 million construction loan, allowing it to demolish the 60,000-square-foot Sparez bowling alley and build its warehouse. CIBC Bank USA provided the mortgage to Dalfen Industrial. It covers the 16.2-acre property at ... The post Davie Bowling Alley to Make Way for 153K-SF Warehouse appeared first on Connect CRE.

HTG secured financing and broke ground on Kissimmee Cove, a new 73-unit affordable housing community located in the City of Kissimmee. Apartments are reserved for income-qualifying residents, with monthly rents ranging from approximately $592 to $1,660. Average rents in the submarket now exceed $1,500 for a one-bedroom apartment. The community is supported in part by an ... The post Kissimmee Affordable Housing Project Rents Start at $592 appeared first on Connect CRE.

A developer will soon begin construction on a 1.35 million-square-foot speculative warehouse in Polk County. The Tampa Bay Business Journal reports that Tratt Properties will develop the warehouse as part of its 8.1 million-square-foot logistics park, Central Florida Integrated Logistics Park, in Winter Haven. Tratt Properties purchased the site for the warehouse in 2021 for ... The post Tratt Starts Work on 1.35M-SF Winter Haven Spec Warehouse appeared first on Connect CRE.

An affiliate of Hathaway Development has started work on The Exchange at Wyle Oaks, a 325-unit apartment community is Apopka, near Orlando. The project is one of the first at the 215-acre Wyld Oak mixed-use project. Financing for the approximately $71 million development includes a $47 million construction loan from Ameris Bank and $22 million ... The post Construction Underway on 325-Unit Apopka Rental Community appeared first on Connect CRE.

SRS Real Estate Partners completed the $133 million sale of a 685,000-square-foot industrial property fully occupied by Sherwin-Williams at 400 Winter Haven Boulevard in Winter Haven, FL. Situated on just under 40 acres, the property serves as a major distribution center for Sherwin-Williams and has a corporate-guaranteed triple-net lease with a new long-term extension. The seller was Paul Profeta.   SRS’s ... The post Sherwin-Williams Winter Haven Warehouse Campus Trades for $133M appeared first on Connect CRE.

Agador Spartacus closed on a $58.5 million construction loan for two build-to-rent communities in Deltona, Florida. Anchor Loans provided the loan. The financings include approximately $30.2 million for Magnolia Cottages at Deltona, a 153-home community, and $28.3 million for Magnolia Villas at Deltona, a 126-home community. Located on adjacent parcels, the projects will add a ... The post Agador Spartacus Inks $58.5M Loan to Build Two Deltona BTR Communities appeared first on Connect CRE.

Cushman & Wakefield has been retained by investor John Devaney to market two adjoining waterfront properties on Vero Beach’s north barrier island. Cushman & Wakefield Virgilio Fernandez is leading the marketing effort on behalf of Devaney. The sites can be purchased together or separately. The listing price for the two properties is over $60 million. The ... The post 30-Acre Vero Beach Waterfront Property Hits the Market appeared first on Connect CRE.

BGO and Banner Property Group acquired 12345 NW 38th Avenue in Opa-Locka, Florida, an existing, approximately 160,000-square-foot cold storage facility within the North Miami submarket. Realterm Logistics was the seller. It paid $26 million for the property in 2020. The property is fully leased to Quirch Foods. JLL advised seller and arranged acquisition financing for ... The post BGO, Banner Acquire 160K-SF Opa-Locka Cold Storage Facility appeared first on Connect CRE.

Phillips Edison acquired Alafaya Square, a 168,532-square-foot grocery-anchored retail center for $69.1 million. The center is located at 81 Alafaya Woods Blvd. in Oviedo, Florida. JLL represented the seller, a joint venture between MCB Real Estate and an institutional investor, in the transaction. JLL says the transaction represents the largest single-asset retail sale in Seminole ... The post Phillips Edison Pays $69.1M for Orlando-Area Retail Center appeared first on Connect CRE.

Embrey obtained $76.2 million in construction take-out financing for Citron at The Packing District, a 354-unit, Class A multifamily community in Orlando, Florida.  Newmark engaged the bridge-lending market, debt funds, balance-sheet lenders, and CLO-driven capital sources to secure the financing. Newmark’s Matthew Williams and Rob Wright secured the financing on behalf of EMBREY, with support ... The post Embrey Scores $76.2M Financing for 354-Unit Orlando Apartment Community appeared first on Connect CRE.