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| Southchase Village Shopping Center, 12381 South Orange Blossom Trail, Orlando, FL |
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| Brad Peterson |
ORLANDO, FL – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $21.07 million sale of Southchase Village, a
229,410-square-foot, grocery-anchored community shopping center in Orlando,
Florida.
HFF arranged the sale on
behalf of the seller, Equus Capital Partners, Ltd. Viking Partners, LLC purchased the asset free
and clear of existing debt.
Southchase Village is
anchored by ALDI, Bealls Outlet, Ross Dress for Less, Fallas Paredes, Planet Fitness,
Tuesday Morning, and a seven-screen Touchstar Cinemas.
Located at 12381 South Orange Blossom Trail
(U.S. 441), Southchase Village is at the 14-lane signalized intersection of
U.S. 441 and Wetherbee Road with combined traffic counts of more than 70,500
vehicles per day.
The center is situated in
one of Orlando’s highest growth submarkets with close proximity to the area’s
largest employers, including the Orange County Convention Center, Darden
Restaurants and Tupperware Brands.
The HFF investment sales
team representing the seller was led senior managing director Brad Peterson and associate director Whitaker Leonhardt.
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| Whitaker Leonhardt |
“The Orlando shopping
center environment continues to see improvements in fundamentals and attracts a
wide variety of investors,” Leonhardt said.
“Southchase Village is a great example of investor interest in value-add
opportunities in Orlando, evidenced by the fact that HFF was able to generate
more than 20 offers on this shopping center.
“ The combination of high
traffic counts, strong tenant mix and explosive residential and employment
growth helped facilitate a successful transaction for all parties.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
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