In a strategic move, Benderson Development has taken ownership of a prime piece of real estate at St. Armands Circle, previously home to Apricot Lane. With an investment of $1.7 million, Benderson’s latest acquisition marks another key development in this bustling Sarasota locale.
The bustling real estate scene in Florida is once again making headlines as an 18-acre plot in Punta Gorda changes hands for $6.1 million. Formerly part of the expansive Jones Loop Village project, now reimagined as Punta Gorda Station, this parcel is set to become a hub of retail activity. Positioned conveniently across from major retailers like Walmart and Aldi and just a short drive from Punta Gorda Airport, the land has already piqued interest from national brands eager to establish a presence in the area.
Meanwhile, Metro Diner, a beloved chain originating from Jacksonville, is eyeing expansion throughout Southwest and Central Florida. With over 60 established locations across 12 states, the diner chain seeks new sites featuring patios and freestanding or endcap properties, aiming to enhance its footprint in the Sunshine State.
In other news, LG Electronics USA has secured a massive 348,740 square feet in Lakeland’s new industrial park. As a part of the Lakeland Commerce Center complex, this space will serve as a regional distribution center, marking a significant move for the South Korean tech giant. The center’s prime location off Interstate 4 offers a strategic advantage, positioning LG alongside other businesses like Lifting Gear Hire.
Additionally, Monin Americas is on the move with a new lease in Pinellas Park. Known for its flavorful syrups and concentrates, the company will operate out of an 86,350-square-foot facility, expanding its capacity for production and distribution. As the American arm of a century-old French business, Monin continues to grow its presence in the United States.
The Tampa Bay Rays have embarked on a temporary relocation journey as their office staff moves to new quarters east of Tropicana Field. This shift follows severe damage to their current home during Hurricane Milton, with future plans for relocating to a newly approved stadium in downtown St. Petersburg. Discussions continue about the fate of Tropicana Field, scheduled for demolition to make way for new developments.
And on the boutique front, with the closing of Apricot Lane, Benderson Development’s recent purchase opens up new opportunities at St. Armands Circle. The building, with its history dating back to 1949, has been modernized over the years and is now available for lease. Benderson seeks a tenant that will seamlessly blend into the vibrant retail landscape of the area.
With real estate transactions abounding in Florida, entities like Benderson Development and national chains remain keenly focused on enhancing their footprints through strategic acquisitions. As these developments unfold, the commercial landscape in Florida is poised for dynamic changes.
Source: Businessobserverfl
