Englewood, NJ, November 9, 2023 – The Shoppes at Yellow Pine in Babcock Ranch, the first solar-powered town in the United States, are leasing up. Katz & Associates’ Jon Cashion and Eric Spritz, representing Kitson & Partners, are filling the center with top-notch retailers. Cashion and Spritz are spearheading the commercial efforts for the developing town of Babcock Ranch in Southwestern Florida, which is entitled for six million square feet of commercial retail space, including: retail, office, industrial, hotel, and more.
Recently Signed 12 Leases at The Shoppes at Yellow Pine include:
1. Marshalls (22,470 SF)
2. Ace Hardware (15,000 SF)
3. Five Below (9,486 SF)
4. Oar & Iron (5,500 SF)
5. Tipsy Salonbar (3,000 SF)
6. Fountain Pools (2,600 SF)
7. Seymour Orthodontics (2,500 SF)
8. Yummy Thai & Chinese (1,900 SF)
9. Verizon (1,600 SF)
10. Papa Johns (1,500 SF)
11. Carvel (1,300 SF)
12. Laser Lounge (1,300 SF)
The Shoppes at Yellow Pine is set to deliver to tenants the first quarter of 2025 with the retailers slated to open in early 2025. Some additional spaces are at lease and at LOI. A few more spaces remain ranging from 1,300 square feet and up. The next several centers are in the works, with drive-thru positions, free-standing lakefront restaurants, box and outparcel opportunities.
Cashion and Spritz have also recently signed three more tenants – Starbucks, Fifth Third Bank, and Fiore + Ela Salon (slated to open early 2024) – to Crescent B Commons, the center across the street from the planned Shoppes at Yellow Pine. They join retailers at Crescent B Commons, including: Publix, Pi Pizza, Royal Paw Groomer, Heartland Dental, Great Clips, and Pet Supermarket.
These leases mark 24 deals Katz has signed at Babcock Ranch for over 120,000 square feet within the first two shopping centers in the city.
“It’s been exciting to help take this grand-scale project from scratch to a robust multi-center retail hub,” said Katz’s Jon Cashion and Eric Spritz. As the next handful of large projects come to life we are excited to work hand in hand with Kitson’s leadership to bring best in class retail, office, and industrial users to serve the community.”
Located at SR-31 and Cypress Parkway, Babcock Ranch is an 18,000-acre “new town” development in Southwest Florida. It’s entitled for 19,500 residents and six million square feet of commercial space.
Katz & Associates began operations in January of 1996. The company currently maintains offices in New York City, Charlotte, Boca Raton, Nashville, New Jersey, Orlando, and Chicago. Katz & Associates’ primary focus is assisting retailers, restaurants and landlords in all capacities including strategic planning, market analysis, lease and sale negotiations and dispositions. Our team of seasoned veterans has decades of experience and invaluable market knowledge.