The project, led by One Investment Group, will convert portions of the aging enclosed mall into a 250,000-square-foot open-air retail center. Plans call for replacing the vacant department store space with a redesigned retail environment that will include new shops, services and a drive-through restaurant.

Sprouts Farmers Market has already been identified as one of the tenants planned for the redeveloped property.

Work will focus on the eastern side of the mall, while the western portion, including the food court and AMC Theater, is expected to remain open during this phase.

According to the development team, the full transformation is projected to be completed between 2027 and 2028.

      

The lease is structured as a 10-year triple-net agreement with an asking rent of $15 per square foot. Shlomi Fedida is the landlord in the deal.

Bealls will occupy the full retail space as part of its continued expansion.

Caio Martin of Current Capital Realty and Daniel Fedida represented the landlord in the transaction.

The lease adds to Bealls’ ongoing growth strategy as the retailer continues to expand its footprint nationwide. The company currently operates more than 650 locations and reportedly has plans for more than 20 additional stores.

The Rockledge lease reflects continued retailer demand for well-located space in Florida’s suburban markets, particularly among expanding value-oriented and apparel-focused chains seeking long-term locations.

      

The project would rise northwest of Orlando International Airport, in the Pine Castle area west of Lake Conway, extending the company’s push into one of the region’s most strategically positioned logistics corridors.

The proposed development fits Dalfen’s broader strategy of focusing on last-mile and infill industrial properties near major transportation hubs and population centers. The firm already has a substantial footprint in Florida and has been especially active around Orlando, where it has acquired existing industrial assets and pursued new development opportunities tied to distribution demand. Dalfen’s own portfolio materials show it has existing Orlando projects near the airport, including Conway Logistics Center on Hoffner Avenue, and the company said in early 2025 that it intended to expand further across the state.

The timing is notable because Dalfen has also been monetizing parts of its Florida portfolio. A recent report on one of its South Florida dispositions noted that the company had sold three Orlando industrial parks for $57.5 million before filing these new airport-submarket plans, suggesting it is both recycling capital and selectively doubling down on locations where it sees durable warehouse demand.

      

Camp Lake Commerce Center is planned as a three-phase industrial park totaling approximately 1.4 million square feet across 163 acres. Upon completion, the total project will offer capacity for 996 parking spaces and 193 trailer spaces, with buildings designed to accommodate 32-foot clear heights and modern logistics operations.

Considered the first logistics project to be developed in Minneola, Phase I will deliver two modern industrial facilities featuring 296 parking spaces, 85 trailer spaces, 60-foot speed bays, dock-high and drive-in loading, build-to-suit office space, and 32-foot clear height in the warehouse. The development will provide efficient, high-quality logistics space in a strategic Central Florida location, offering direct access to the Florida Turnpike and Highway 27 and serving as a critical hub for statewide distribution.

Projected to add 200,000 new residents by 2030, Lake County is seeing major growth, with the Commerce Center development strategically located adjacent to the new $281 million AdventHealth Hospital campus. The strong pipeline of development underway in Minneola also includes the visionary Hills City Center, a 96-acre mixed-use destination that will comprise residences, retail shops, senior housing, medical office space and new event space from Crooked Can Brewery representing a transformative project that will enhance lifestyle offerings in the city.

“Breaking ground at Camp Lake Commerce Center represents a strategic capital investment for FRP in one of Florida’s most compelling industrial corridors and expands our development footprint in the high-growth region,” said Mark G. Levy, Chief Investment Officer of FRP Development Corp. “Minneola offers strong population growth, top quality amenities, improving infrastructure, and limited supply of modern logistics facilities, creating an attractive opportunity to deliver institutional-quality product that meets the evolving needs of logistics users today seeking strategic statewide distribution.”

Camp Lake Commerce Center offers strong regional connectivity, with the Orlando MSA home to nearly three million residents. The site provides convenient access to major interstates, nearby airports, and key distribution ports serving fast-growing markets including Orlando, Tampa, Ocala, Jacksonville, and The Villages. The project also reaches more than 500,000 residents within a 15-mile radius and benefits from proximity to a large and diverse workforce.

“This project reflects our shared vision to deliver best-in-class industrial developments in markets where demand fundamentals are strong and long-term growth is evident,” said J.R. Wright Jr., Managing Partner of Strategic Real Estate Partners, LLC. “Camp Lake Commerce Center is well positioned to serve a broad range of users seeking modern facilities with excellent regional connectivity.”

CBRE’s David Murphy, Monica Wonus, and Gaby Gissy are leading leasing efforts for the project.

Designed to accommodate tenants requiring between 20,000 and 335,000 square feet of space, Camp Lake Commerce Center incorporates sustainable features including 2,000 amps of power per building, interior LED lighting, and advanced exterior lighting controls. The property is also conveniently located near a wide range of retail and service amenities, including Publix, Home Depot, Aldi, Walmart, BJ’s, Kohl’s, Target, Winn-Dixie, Ross Dress for Less, and Belk.

      

Cushman & Wakefield Vice Chairs Mike Donaldson and Nick Meoli and Managing Director Greg Rainey represented Tovah and Ty Lohman of Starr Properties in its transaction with ESO Equity Group. The sale involved 93% of the total units in both associations.

Originally constructed in 1985, Whispering Oaks is located at 300 Forest Glen Blvd. in Daytona Beach, and includes 109 townhome units that average 1,249 square feet. Southern Villas is located at 239 Oak Tree Circle, was originally built in 1983, and includes 60 units with an average size of 1,214 square feet. Each property offers two- and three-bedroom floor plans and includes a pool.

Additionally, the two communities are located near Daytona International Airport, Daytona Speedway and Embry Riddle Aeronautical University.

“The sale of Whispering Oaks and Southern Villas represented an excellent opportunity to acquire a fractured townhome community in Daytona Beach,” said Donaldson. “There is tremendous opportunity to further renovate the community or sell the units individually in the future. What’s more, the buyer, a repeat investor that has transacted with the Cushman & Wakefield listing team numerous times, plans extensive enhancements and renovation-capital projects to the property, which will make it one of the most desirable communities in Daytona Beach.”

Added Meoli, “We are continuing to see capital attracted to vintaged value-add communities where yields have been outsized and acquisition basis is compelling. While there has typically been a flight to quality the past few years in favor of newer construction, there is increasingly more interest to acquire well-located, value-add product throughout Florida at prices typically well below recent peak levels from several years ago.”

      

121 Entertainment LLC dba “Just Smash That Rage Room” leased the 7,700-square-foot retail property from JEDAK Associates, LLC, who Gifford represented in the transaction.

A smash room is an interactive entertainment concept that allows guests to safely break and destroy objects in a controlled environment. Participants are provided with protective gear and use tools such as bats or crowbars to shatter glassware, electronics, and other breakable items. The experience is designed as a high-energy, stress-relieving activity and has grown in popularity as part of the expanding experiential retail sector.

The entertainment concept is opening its second location at the prominent corner of Seabreeze Boulevard and A1A, bringing an interactive and high-energy experience to the Daytona Beach market.

      

Cushman & Wakefield’s Andy Slowik, Margery Johnson, Rachel Ealy, Jordan Wean and Bayne Porter represented the seller in the $2.7 million transaction. Raymond Romano of CBRE represented the buyer.

The site is located in Christopher C. Ford Commerce Park on American Way between O’Brien Road and Independence Boulevard near U.S. Highway 27 and Florida’s Turnpike. Additionally, it is zoned for industrial development and ideally suited for small-bay development.

“This was the first property that was acquired by Anglo Centurion LLC, after the company was formed in 2013 with Kelvin L. Eder,” said Robert Kantecki, Partner, Anglo Centurion LLC. “We realized it was a special property, bearing in mind its central location within the Christopher C. Ford Commercial Park. Many thanks to Cushman & Wakefield who have been so professional to deal with, right up to the completion of the sale.”

Added Ealy, Cushman & Wakefield Director, “This was one of the last remaining development opportunities in Christopher C. Ford Park, and its sale highlights the strength of the Lake County market as well as the rising demand for small-bay industrial product. As we track residential growth in the Orlando region and across the state, it’s evident that the west side of Orlando is poised for continued expansion, and this future small-bay industrial development is in a strong position to attract the workforce needed to serve that expansion.”

      

Terms of the lease and the tenant’s identity were not disclosed.

Cushman & Wakefield’s Jared Bonshire, David Perez, Taylor Zambito and Ryan Hubbard represented Stonemont in the lease negotiations.

Topline Logistics Center sits on roughly 35 acres in Central Florida and is designed as a cross-dock facility geared to high-volume logistics users. Building specs include 36-foot clear heights, 110 trailer parking spaces and 247 car parking spaces, along with four drive-in doors. The site also offers a 185-foot truck court to support efficient circulation and loading operations.

Source:  RE Business

      

Cushman & Wakefield’s Mike Davis, Rick Brugge, Rick Colon and Dominic Montazemi represented the Seller in its transaction with Swift Creek Partners.

The portfolio is fully leased to a diverse group of corporate tenants and includes 1151 Gills Drive, a 252,000-square-foot distribution center; 1125 Gills Drive, a 152,240-square-foot building; 1091 Gills Drive, a 235,760-square-foot property; and 1075 Gills Drive, a 72,145-square-foot distribution center.

With an array of bay sizes, cross-dock and front-loading capabilities and generous truck courts, Crossroads Distribution Center can accommodate a broad range of tenant requirements. Additionally, it benefits from easy access to major transportation corridors, including Florida SR 528, Florida’s Turnpike and U.S. Highway 441 (Orange Blossom Trail). It is within a four-hour drive of more than 21 million Florida residents.

Crossroad’s Distribution Center’s infill location in the Regency/Turnpike/Beachline submarket, which is 2.6% vacant, has no new supply coming online in the first quarter as development sites are extremely limited.

“This Infill Portfolio was exceptionally located at the confluence of multiple major Orlando thoroughfares,” said Colon, Cushman & Wakefield Senior Director. “Orlando remains a target market for investors seeking institutional quality industrial real estate and this offering received substantial interest.”

      

Together, these new additions bring seven brokers, four appraisers and additional staff to Cushman & Wakefield’s Florida platform.

The Southcoast team was founded in 1982 to serve the Treasure Coast’s office, industrial, land and retail investors and occupiers in Indian River, Martin and St. Lucie counties as well as the Space Coast, which includes Melbourne, Cocoa Beach and other communities surrounding Kennedy Space Center and Cape Canaveral Space Force Station.

The leadership team, each with a strong and successful track record in Florida commercial real estate, includes Douglas R. Legler, who specializes in industrial brokerage; Stuart Duffin, CCIM, SIOR, a recognized leader in office leasing and sale transactions; Nikolaus M. Schroth, who’s successfully led large-scale residential and commercial development; and J. Jeffery Allman Jr., a proven leader specializing in retail sales, leasing and site selection across Florida.

Valuation & Advisory professionals joining Cushman & Wakefield include Thomas J. Johnson, MAI, SRA, Senior Director; Cristen Crosby; Erik Odegard; and Nicholas Nightingale. Additionally, Casey A. Combs, JJ Sanguily, and James C. McKinney join Cushman & Wakefield’s brokerage team, while Nicole Sirois and Jamie Carl join the firm’s marketing and administrative staff.

“These additions further demonstrate our commitment to the Florida market, particularly the dynamic and growing Treasure Coast and Space Coast regions, both of which are benefitting from the continued expansion of the Orlando MSA and South Florida,” said Wanda Riley, Cushman & Wakefield Florida Managing Principal. “This historic firm certainly aligns with Cushman & Wakefield, culturally, and also will serve as a catalyst as we grow client services for investors in the region as well as with defense, aerospace and other industries.”

Added Duffin, “We are thrilled to be joining Cushman & Wakefield as part of our ongoing commitment to raise the bar for our clients and ourselves. This move strengthens our ability to deliver best-in-class service by combining our local market expertise with the scale, resources, and global reach of one of the world’s leading commercial real estate firms. We believe this partnership will enhance the level of service we provide, support our long-term growth, and allow us to contribute to a collaborative Florida network. This will create value for our current and future clients alike.”

Strong net migration to the Treasure Coast has caught the attention of developers and investors looking northward for more affordable options than South Florida. Employment growth for the Treasure Coast, where Port St. Lucie is now Florida’s sixth-largest city with 255,000 residents, was over 13.4% to 176,000 and is expected to rise near 200,000 by 2030. The region’s expansion of new neighborhoods, shops, restaurants and medical facilities has resulted in a northward shift of industrial development over the past five years and increase in planned community zones with mixed-use development.

Space Coast, which is an hour north of the Treasure Coast and an hour east of Orlando, has experienced strong net migration from the outward expansion of Florida’s Tourist Meca. Additionally, its boost from private aerospace firms has attracted an influx of workers and a growing technology sector, which will continue to fuel labor-force growth and demand for consumer services, residential and commercial real estate development. Since 2019, the region saw its population grow by 83,400 with another 40,000 projected through 2030, and the workforce has grown more than 10.2% to 258,000 employees year-over-year Q3 2024 to Q3 2025.