{"id":216595,"date":"2026-04-02T21:32:07","date_gmt":"2026-04-02T21:32:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/216595\/"},"modified":"2026-04-02T21:32:07","modified_gmt":"2026-04-02T21:32:07","slug":"babcock-ranch-shopping-center-gets-refinance","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/216595\/","title":{"rendered":"Babcock Ranch shopping center gets refinance"},"content":{"rendered":"

The owners of a Publix-anchored shopping center in Babcock Ranch have refinanced the property for $17.74 million.<\/p>\n

Kitson & Partners, which is building the all-solar community in rural Southwest Florida, opened the 84.410-square-foot Crescent B Commons shopping center in 2021<\/a>. It was the first major grocery store and major retail center to open in the master-planned community.<\/p>\n

CBRE arranged for the financing but did not disclose the terms nor what the money will be used for.<\/p>\n

The center is anchored by a 48,387-square-foot Publix and is fully leased with an 18-tenant mix that includes a Starbucks, Pet Supermarket and several restaurants and service providers. CBRE says in a statement that the tenants have 11.9 years of weighted-average lease term remaining and recorded 1.1 million visitor trips in the 12 months ended September 2025 \u2014 double its 2022 total.<\/p>\n

(The Lakeland grocer announced in December it would open a second location<\/a> in the Babcock Ranch.)<\/p>\n

Babcock Ranch is a 17,608-acre self-sustaining community that straddles Charlotte and Lee counties<\/a> about 45 minutes from downtown Fort Myers. It is made up of energy-efficient homes with an 870-acre solar panel farm powering it and its own water reclamation facility.<\/p>\n

About 50% of the community\u2019s acreage is preserved.<\/p>\n

CBRE’s Richard Henry, Michael Ryan, Blake Cohen and Taylor Crowder represented Kitson & Partners.<\/p>\n

\u00a0<\/p>\n

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