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Kitson & Partners has secured a refinancing package for Crescent B Commons, a fully leased neighborhood shopping center in Punta Gorda, Florida. The owner closed on a $17,700,000 senior loan for the 84,410-square-foot property, which is anchored by Publix and located within the Babcock Ranch master-planned community at 42031 Cypress Parkway. Nationwide provided the senior financing for the transaction on behalf of Kitson & Partners.
The refinancing underscores the strength of Crescent B Commons as a stabilized retail asset. The center totals 84,410 square feet and is 100% leased to 18 tenants. Its anchor tenant, Publix, occupies 48,387 square feet, giving the property a prominent grocery component that typically drives repeat customer traffic. According to the information provided, the tenant roster carries a weighted-average lease term of 11.9 years, indicating a long-duration income stream for the owner and the new lender.
CBRE advised Kitson & Partners in arranging the new debt. CBRE professionals Richard Henry, Michael Ryan, Blake Cohen, and Taylor Crowder represented the borrower in securing the financing from Nationwide. Their role focused on sourcing and negotiating the senior loan that refinances the existing capital stack on Crescent B Commons, positioning the property with updated financing while it remains fully occupied.
The asset has also seen meaningful growth in customer visits. Crescent B Commons recorded 1.1 million visitor trips in the 12 months ended September 2025, a figure that CBRE notes is double the number of visits logged in 2022. That trend reflects both the draw of the Publix anchor and the continued build-out and maturation of the surrounding Babcock Ranch master-planned community, which provides a built-in customer base for the center’s 18 tenants.
Market fundamentals in the broader area appear supportive of this type of refinancing transaction. CBRE reports that the Punta Gorda retail market posted a vacancy rate of 3.2% as of the third quarter of 2025, slightly below its 10-year average of 3.3%. At the same time, the Cape Coral-Fort Myers metropolitan statistical area ranks among the top 4% of all U.S. MSAs for forecasted population growth from 2023 through 2040. These conditions suggest a tight retail supply-demand balance and a growing consumer base, dynamics that help underpin lender confidence in stabilized, grocery-anchored neighborhood centers such as Crescent B Commons.
The post Kitson & Partners Lands $17.7M Refi for Fully Leased Publix-Anchored Punta Gorda Center appeared first on CRE Market Beat.
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