Florida’s real estate landscape saw significant activity in 2025 and early 2026, marked by substantial commercial and residential deals. Key transactions included large retail portfolios, specialized automotive facilities, and high-value residential properties, reflecting continued investor confidence and demographic shifts in the Sunshine State.
Key Takeaways
- A $49.5 million deal involved two Tesla Sales, Service & Delivery facilities in Gainesville and Kissimmee.
- A 10-property open-air retail portfolio across Florida and South Carolina traded for $395.5 million.
- Significant residential sales occurred in Coral Gables and Bal Harbour, with prices reaching millions.
- Assisted living facilities and office buildings also saw notable transactions.
Automotive Sector Investments
In a significant move for the automotive sector, a two-property Tesla portfolio, comprising Sales, Service & Delivery facilities in Gainesville and Kissimmee, was acquired for $49.47 million. The deal, facilitated by JLL Capital Markets, saw a New Jersey-based private family purchase the fully leased assets from O’Connor Capital Partners. These facilities represent Tesla’s growing presence in Florida, which ranks second nationally for Tesla purchases. The Gainesville location benefits from its proximity to the University of Florida, while the Kissimmee facility is noted as Tesla’s first used car sales and service center nationwide.
Retail Portfolio Dominates Transactions
JLL Capital Markets also announced the $395.5 million sale of a 10-property open-air retail portfolio, totaling approximately 1.04 million square feet, spread across Florida and South Carolina. The portfolio, acquired by 11North Partners and Bain Capital from PGIM Real Estate, boasts a high occupancy rate of 91.6% and is situated in affluent areas with strong demographic profiles. Notable Florida properties within this portfolio include Plantation Promenade, Sawgrass Square I & II, Garden Shops at Boca, Rolling Oaks in Orlando, New Tampa Center, Miramar Commons, and The Promenade in Poinciana.
Residential and Commercial Highlights
South Florida’s market also witnessed substantial activity in other sectors. In Lake Worth, a 377-unit assisted living facility at 9130 Hypoluxo Road was sold for $87.2 million to health care REIT Welltower. In Coral Gables, a waterfront home at 180 Solano Prado fetched $13 million, marking the priciest residential deal recorded in the region at the time. Another significant commercial transaction involved a 70,000-square-foot building in Miramar, trading for $14.2 million. In Bal Harbour, a luxury condo at 10203 Collins Avenue sold for $11.8 million.
Further commercial deals included the sale of a seven-building apartment complex, Princeton Grove, in Miami-Dade County for $39.5 million, and a medical office building in Palm Beach County for $8.5 million. An office property in Coconut Grove also traded for $61 million, setting a record for the submarket.
Sources
- $49.5MÂ Tesla portfolio sale completed in Florida, JLL.
- 10-Property open-air retail portfolio trades hands for $395.5M in Florida and South Carolina, JLL.
- South Florida Top Real Estate Deals: Tuesday, April 7, 2026, The Real Deal.
- South Florida Top Real Estate Deals: Tuesday, Feb. 17, 2026, The Real Deal.