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Marcus & Millichap (NYSE: MMI) arranged the sale of a newly built, 17,400-square-foot, eight-suite retail center in Middleburg, Florida. The property traded for $8.4 million, with Zack House leading a brokerage team on behalf of the seller. Completed in 2025, the center is fully leased on new triple-net leases to a mix of national and regional tenants including Mattress Warehouse, Firehouse Subs, Domino’s and Wingstop. The asset is positioned within a broader retail node that includes nearby national retailers such as Walmart, Lowe’s, ALDI and The Home Depot.
In Pompano Beach, FL, Rockpoint has delivered phase one of Race Track Logistics Pompano, a new Class A industrial park. The initial phase consists of four buildings totaling 620,000 square feet, designed as a modern logistics hub. Ware Malcomb’s Miami office provided architecture and interior design services for this first phase. At full build-out, Race Track Logistics Pompano is planned to encompass 1.5 million square feet, positioning it as a significant new industrial presence in the Pompano Beach market.
Separately, Hoar Construction announced a leadership change with the promotion of John Goodner to region president. In his new role, Goodner will oversee the contractor’s operations across Alabama, Georgia, Florida and the Carolinas. His career with Hoar began as a project manager, and he has since held multiple leadership posts, including director of division operations for the Florida Division and senior vice president of operations in the firm’s Birmingham headquarters, where he oversaw both the Alabama and Florida divisions.
Industrial development activity also continues in Delray Beach, Florida, where FRP Development Corp has completed the first phase of Logistics Center at Delray. This initial phase delivers 200,000 square feet of Class A logistics space. The project is being led by a joint venture between FRP Development Corp and PCCP, a real estate finance and investment management firm. Current plans call for construction of an additional 392,000 square feet, bringing the total to three state-of-the-art industrial buildings at full completion.
Together, these announcements highlight ongoing investment sales activity in Florida’s retail sector alongside substantial new industrial development and leadership changes at a regional contractor, reflecting a diverse mix of commercial real estate momentum across the state.
The post Marcus & Millichap Brokers Sale of Fully Leased Retail Center in Middleburg, Florida appeared first on CRE Market Beat.
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