Saturday, November 1, 2008

International Shoppes in Orlando Listed for Sale at $15.5M

ORLANDO, FL-– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for International Shoppes, (top right photo) a 72,897-square foot retail plaza in Orlando.

The listing price of $15.5 million represents $213 per square foot.

Anthony Louie and Toufic Simaan, both investment specialists in the Orlando office of Marcus & Millichap, are representing the seller.

“International Shoppes is an excellent opportunity for an investor to acquire a well-positioned shopping center that is situated in one of Orlando’s most dynamic retail corridors and benefits from multiple economic drivers, including convention traffic, tourism, residential developments and nearby employment centers,” says Simaan.

“Additionally, there is an attractive loan assumption, which is extremely valuable given the difficult lending environment and turmoil in the credit markets.”

Located at the southeast corner of International Drive and Kirkman Road, the multi-tenant shopping center is situated on 5.64 acres in a major thoroughfare with more than 3 million square feet of retail space and 4 million square feet of convention space.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

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