The Publix-anchored Trails Shopping Center is home to a broad mix of upscale retail stores and restaurants
Ormond Beach, FL – April 7, 2016 – CBRE has been appointed exclusive leasing agent for The Trails, a high-end shopping center located at 254 North Nova Road in the upscale community of Ormond Beach, part of the Daytona Beach, Florida MSA. The Publix Super Markets-anchored center offers 135,286 square feet of retail space in multiple buildings. Paul Rutledge and Lea Court of CBRE will serve as the leasing advisors for The Trails on behalf of Sabal Financial Group, LP, which operates the shopping center.
“The property includes a well-diversified mix of highly recognizable tenants and abundant parking,” said Mr. Rutledge, CBRE First Vice President. “The Trails is perfectly positioned to suit a tenant that will benefit from direct access to a booming submarket in Volusia County.”
The Trails Shopping Center has an open-air atmosphere and, in addition to Publix, features notable tenants including The LOFT, White House Black Market, Jos. A. Banks, Talbots, Patchington and Chico’s. Dining options at the center include La Fiesta Mexican Restaurant and Pacific Bistro.
“The center is approximately 81% occupied and has several immediate availabilities for lease,” said Ms. Court, CBRE Retail Director. “Publix is one of the top traffic generators in the Florida market so we know the shop space will be in high demand. Additional benefits like good access and competitive rents make this one of the better sites in Ormond Beach. The property has been largely renovated, and the remaining buildings are slated to be completed this year.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
