Sunday, March 23, 2014

HFF closes sale of Rialto mixed-use property along Orlando’s “famed” Restaurant Row

Rialto retail-office center, 7335 Sand Lake Road, South Orlando, FL

Brad Peterson
ORLANDO, FL – HFF announced it has closed the sale of Rialto, a 105,275-square-foot retail and office center in Orlando, Florida.

                HFF marketed the property on behalf of the seller, The Wilder Companies.  Orion Venture IX Rialto, LLC, an affiliate of Orion Investment, purchased the asset free and clear of existing financing.

                Rialto is located at 7335 Sand Lake Road along Orlando’s “Restaurant Row”, a world renowned one-mile stretch of retail and restaurants about 10 miles southwest of downtown Orlando.

 The property has 58,519 square feet of fully leased retail space and 46,756 square feet of office space that is 83 percent occupied.  Major tenants at the center include Newlin Law, Ocean Prime and Bar Louie. 

                The HFF investment sales team representing the seller was led by senior managing directors Brad Peterson and Coleman Benedict and analyst Whitaker Leonhardt.

“Rialto got a strong reception from the investment community because it is located on the most prestigious and thriving one-mile stretch in the Orlando MSA, Sand Lake Road’s ‘Restaurant Row’,” commented Peterson. 

Coleman Benedict
Peterson added, “Orlando’s Restaurant Row, is a mecca for the highest demographic residents in Central Florida, the first stop for business travelers and large corporate groups attending conventions at the nearby Orange County Convention Center, and tourists visiting the nearby theme parks. 

“All of the other properties along Restaurant Row are institutionally-owned assets and command the highest rental rates in the Orlando MSA.”

                The Wilder Companies is a Boston-based real estate firm specializing in the positioning of retail properties with proficiency in specialty centers, mixed-use developments, community centers, urban properties, and regional and super-regional malls. 

Privately-held and owner managed, Wilder's mission has been and continues to be able to create vibrant shopping places that meet and exceed the expectations of customers, retailers and investors. 

The company currently has a diverse portfolio of properties throughout the East Coast.

Whitaker Leonhardt
                Established in 1978, Orion Investment and Management is a full-service commercial real estate firm with offices in Miami and Orlando, in which Orion provides consulting services to national and international buyers of commercial real estate.

 With a fully integrated and comprehensive platform, Orion has handled more than $1 billion in transactions and manages a portfolio exceeding $400 million.
For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 |

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