Equity One, a North Miami Beach, FL-based REIT headed by Chaim Katzman, plans to break ground on the fourth 50,000-sf phase at Lake Mary Centre in March. Taking half of the new space is Euro Fitness Center. The 10-year, 25,000-sf lease has an estimated value of $5 million.
Equity One's portfolio of 31 owned and 11 managed properties, largely in metro Florida markets, comprises 30 grocery-anchored shopping centers, five drug store-anchored centers, two other retail locations and five mixed-use, office/retail properties.
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