Premier coastal Florida retail center with new ALDI anchor trades for $23.5M

MIAMI, June 24, 2026 –  JLL Capital Markets announced today that it has secured the $23.5 million sale and $18.425 million acquisition financing of Promenades Port Charlotte, a recently renovated, grocery-anchored retail center in Port Charlotte, Florida.

JLL represented the seller and also worked on behalf of the buyer, Corinthian Capital, LLC, to arrange acquisition financing through Intercredit Bank.

Promenades Port Charlotte is strategically positioned at 3280 Tamiami Trl. at the signalized intersection of US-41 and Harbor Boulevard, capturing over 59,000 vehicles per day. This irreplaceable 26.4-acre site sits at the gateway to Port Charlotte's premier retail corridor, serving a rapidly growing coastal community between Sarasota and Fort Myers. The center benefits from its proximity to two major regional hospitals, HCA Florida Fawcett Hospital and AdventHealth Port Charlotte, which employ over 1,800 people combined and generate consistent daytime traffic.

Port Charlotte is experiencing explosive growth as part of Charlotte County, which has seen an 11% population increase since June 2023, adding approximately 11,000 new housing units in just 20 months. The area's population is projected to reach over 255,000 residents by 2030, a 31% increase. The property serves over 92,000 residents within five miles, with an average household income of $93,185.

The neighborhood retail and medical destination was originally built in 1976 and underwent a comprehensive renovation in 2024. The center features a brand-new ALDI location, which recently converted from a former Winn-Dixie. Other major tenants include Bealls Outlet, HCA Florida Fawcett Hospital medical offices and YouFit Gym. The property, which is 79.5% occupied, presents significant upside potential for the new owner.

JLL Capital Market’s Investment and Sales Advisory team was led by Executive Managing Director Danny Finkle, Senior Director Jorge Portela, Vice President Kim Flores and Analyst Jacob Wise. Directors Kenny Cutler and Paul Adams arranged the financing.

"Following a transformative capital improvement program and ALDI's opening, Promenades Port Charlotte is positioned as the dominant shopping destination in one of Florida's fastest-growing coastal markets," Portela said. "The property's combination of a secure income stream from creditworthy tenants, significant immediate leasing upside and future development potential made it an exceptionally attractive acquisition for Corinthian Capital."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.