Retail Traffic

FLORIDA BRIEFS

Chris Stephens joined Florida Retail Development, LLC as Director of Retail Acquisitions. Stephens has nearly 15 years experience in site selection and commercial real estate. Chris will be acquiring 1- to 5-acre highway commercial sites for Florida Retail Development's program as a Dollar General preferred developer in Florida.

Blackrock Retail Property Advisors completed the sale of Tyrone Gardens Shopping Center, a 209,337-square-foot neighborhood center in St. Petersburg, Fla., to New Plan Realty Trust and the Sembler Co. for $19 million.

Sperry Van Ness expanded its presence in the Florida market by naming Mark Howard Gotz as a senior advisor. Gotz specializes in the sale and leasing of shopping centers and land in Martin, St. Lucie, and Indian River Counties.

Colonial Properties Trust purchased Randal Park, a 712-acre land parcel in Orlando, Fla. for $39.5 million. The company plans to build 600 luxury apartments, 100,000-square-feet of office space and 200,000-square-feet of retail on the site.

Kite Realty Group acquired three shopping centers in Naples, Fla. for $58 million. The acquired properties include the 105,515-square-foot Pine Ridge Shopping Center, the 78,340-square-foot Riverchase Shopping Center and the 134,667-square-foot Courthouse Shadows Shopping Center. It now owns six centers in the market.

Fort Lauderdale-based Stiles Corp., in cooperation with the Huizenga Family, will develop a 94,000-square-foot community shopping center in Port St. Lucie, Fla. Dubbed The Shoppes at Veranda Falls, the new project will feature a 45,000-square-foot Publix supermarket as its anchor tenant. It will serve as the gateway to a master-planned community.

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