MIAMI, FL – HFF announced today that it has closed the sale of Osceola Village (top left photo), a 116,645-square-foot grocery-anchored retail center in Orlando, Florida.
HFF marketed the property exclusively on behalf of the seller, SO Wehren Holding Corp. Strategic Retail Trust, Inc. a real estate investment trust advised by Thompson National Properties, LLC, purchased the center.
HFF’s debt placement team secured fixed-rate acquisition financing on behalf of Thompson National Properties.
Completed in 2008, Osceola Village is 77 percent leased to anchor tenants Publix and hhgregg, among others. The property also includes seven undeveloped outparcels totaling 9.5 acres. Located on 23.7 acres at 304 Dyer Boulevard, Osceola Village is less than seven miles west of the Walt Disney World resort area.
The HFF investment sales team representing the seller was led by managing director Danny Finkle (top right photo), director Luis Castillo (lower left photo) real estate analyst Robert Saracco.
HFF director Chris Drew and senior managing director Wally Reid represented the borrower in arranging the acquisition financing.
“The combination of long-term leases with Publix and hhgregg, value-add potential in lease-up and outparcel development, and stellar location proximate to the Walt Disney World Resort and across the street from the highly successful LOOP projects made Osceola Village a highly compelling acquisition opportunity,” said Castillo.
Contacts:
Daniel Finkle, HFF Managing Director, (305) 448-1333, dfinkle@hfflp.com Luis Castillo, HFF Director, (305) 448-1333, lcastillo@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500
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