Recent Florida commercial real estate activity includes a major industrial lease in Jupiter and two retail center trades in St Petersburg and Jacksonville, underscoring ongoing demand from both occupiers and investors across the state.
Woodmont Industrial Partners, working in partnership with the Butters Group, has completed a seven-year lease with Alaris Aerospace Systems at Corporate Logistics Center in Jupiter, Florida. The deal covers 129,000 square feet, adding a sizable commitment from an aerospace user at the logistics property. JLL professionals Yuri Quispe and Peter Johnson represented the landlord in the lease negotiations, while Lee Johnson of Florida Real Estate Growth Services acted on behalf of the tenant.
In the Tampa Bay region, Fuqua Development sold the property at 4501 66th Street N in St Petersburg, Florida, to Granite Capital for $7.8 million. The two-tenant, 97,502-square-foot center has recently been remodeled and is anchored by national retailers Five Below and At Home. The center also benefits from being shadow-anchored by a Sprouts Farmers Market, adding another national grocer to the immediate trade area. Katz & Associates represented the seller in the transaction, with Daniel Solomon and Jon Cashion handling the assignment.
Further north in Jacksonville, investor interest extended to grocery-anchored product. PARE Investments acquired CB Square, a 73,100-square-foot grocery-anchored retail center located at 9333 Atlantic Blvd. in the Regency Mall trade area. Core Investment Management was the seller in the $11.2 million transaction. The property, originally built in 2004 and renovated in 2018, is anchored by Aldi and Ashley HomeStore Outlet and was reported to be 100% occupied at the time of sale. The sale was brokered by Colliers, with Brad Peterson and Whitaker Leonhardt representing Core Investment Management.
Together, these transactions highlight ongoing activity across industrial and retail formats in multiple Florida markets, with institutional and private investors transacting on grocery- and discount-anchored centers while logistics space continues to attract long-term tenants.
