Advisor Ali Mushtaq in talks with other businesses about leasing space in Champions Crossing property
Davenport, Florida (May 6, 2020) – SVN Florida has coordinated a leasing deal that will see the construction of a new Publix at the Champions Crossing in Davenport, FL. Ali Mushtaq, SVN Florida Senior Advisor, worked to secure the agreement for the property owner, Savi Tri-County, LLC.
The new Publix at 1200 Champions Drive in Davenport is set to open in the summer of 2021. Champions Crossing is at Highway 27 N and Bella Citta Boulevard, a busy intersection with a traffic light. Developing the property for Publix is Jim Gendreau and his company, Tailwinds Development, LLC (twdre.com).
The Champions Vue apartment complex and Woodspring Suites extended-stay hotel help make this – and Davenport in general – “a white-hot, sought-after area,” according to Mushtaq. He added that more than 5,000 housing units are coming into the local market.
“This property is the epicenter of development in the area, an outstanding location,” Mushtaq said. “It’s in a heavily trafficked tourist area with hotels and apartment complexes all around with hundreds of units. There are also more parcels available for tenants who will benefit from the traffic this store generates.”
Mushtaq is currently in discussion with other businesses that have expressed interest in the other space on the property. The remaining gross leasable amount is 7,121 square feet inline space out of 16,000 square feet. The outparcel B retail strip, the largest available strip, has 5,415 square feet available.
Suresh Gupta, CEO of Park Square Homes, is the property landlord. Mushtaq noted that both Gupta and developer Gendreau were selected because of their solid track records in the industry.
Gupta anticipates this will be a thriving spot for the Publix grocery store. “We expect this to be a very successful location because of the amount of growth in the area, especially all the vacation homes,” he said. “There’s another Publix store about four miles from there, but we showed the company that the amount of residential in the area will allow them to support another one.”
One of the factors that Gupta believes will drive the store’s success is the volume of vacationers in the surrounding area. “There’s a lot of short-term stay nearby and the people there tend to buy in bulk,” he said. “They buy on a weekly basis, getting their tubs of ice cream or whatever else they need. That helps a lot with sales in the area.”
The other spaces available on the property for retail leasing include:
- Parcel 1
- Parcel 2
- Outparcels C and D
SVN, a commercial real estate brokerage firm headquartered in Boston, is one of the industry’s most recognized and powerful brands based on the annual Lipsey Top Brand Survey and Commercial Property Executive Magazine. With more than 200 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing and property management services to clients worldwide. The Florida team consists of more than 100 advisors serving locations across the state.