The 55,046-square-foot property sits near the Intracoastal Waterway and features a mix of neighborhood restaurants and high-end retail stores.
The company manages and leases a ±4-million-square-foot, 41-property portfolio throughout the state of Florida comprised primarily of grocery-anchored shopping centers as well as mixed-use and office properties.
With a reputation of being a national retail specialist, Will Crowden joins SRS with 21 years of experience representing both established and emerging brands in their national, regional, and new market roll-out plans.
The approximately125,000-square-foot mixed-use project will feature four buildings with 127 residential units, approximately 8,000 square feet of retail and office space, and 20,000 square feet of green space
Formerly of Marcus and Millichap, the pair has been chosen to lead the newly formed ‘ROI Partners’ (Retail, Office, and Industrial) at SVNCP.
The brokerage plans to open two offices in South Florida and two others in Tampa and Orlando.
Prakas & Co. owner and restaurant consultant Tom Prakas along with sales associates Chas Prakas and Athan Prakas II exclusively represented the buyer and seller in the sale.
The frequent joint venture partners have a contract to acquire nearly 15 acres for the future construction of the Shoppes @ the Heart of Tradition.
The lease deals are an indication that the South Florida retail market is bouncing back faster than expected from the dark days of the pandemic, according to the landlord.
Tricera Capital obtained $50.75 million in financing for the adaptive re-use project.
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