Thursday, May 15, 2008

CB Richard Ellis Awarded Exclusive Listing Agreement With Continental Properties


ORLANDO, FL - CB Richard Ellis, leader in commercial real estate services worldwide, is pleased to announce the exclusive retail listing with Continental Properties Company, Inc.

Headquartered in Milwaukee, Wisconsin, with offices in Jacksonville, Florida; Phoenix, Arizona; and Cincinnati, Ohio; Continental develops, builds and manages retail, multifamily, and hospitality projects across the country.

Jorge Rodriguez, CCIM, and James Mitchell, Senior Associate, are representing the owner to lease the 3 Kohl's anchored shopping centers owned by Continental Properties Company, Inc. in Sanford, Oviedo, and Tavares.

The Sanford location includes a total of 15,000 square feet of small shop space starting at 1,400 square feet. There are three single-tenant outparcels available for ground lease or sale. In the Oviedo location there is space available for junior tenants up to 50,000 square feet, 13,000 square feet of small shop space and 3 single-tenant outparcels.

Finally, the Tavares location currently has 90,000 square feet under construction and is scheduled to open during October 2008. There is a total of 14,000 square of available retail space with small shop space starting at 1,400 square feet. A single-tenant deal is currently pending for the one-acre outparcel in that location.

Jorge Rodriguez shares his thoughts on this new representation saying, "I'm very excited to participate on this assignment with James Mitchell to serve Continental Properties.
"CB Richard Ellis' platform allows us to structure a leasing strategy that integrates several different tactics considering the junior anchor and small shop opportunities by grouping the assets to appeal to select retailers that are seeking to target the dense surrounding communities."

This is a 400,000 square foot retail portfolio win for CB Richard Ellis. Rodriguez and Mitchell have begun marketing the available space and are positive about the opportunities these shopping centers bring to the individual market areas.

CONTACTS:
Jessica Wilhoite, 407 839 3158, jessica.wilhoite@cbre.com
James Mitchell, 407 404 5024, james.mitchell@cbre.com
Jorge Rodriguez, 407 404 5014, jorge.rodriguez@cbre.com

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