ORLANDO, FL - HFF announced it has closed the sale of two
Central Florida Publix-anchored retail properties totaling 167,400 square feet
in Orlando and suburban Tampa.
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| Brad Peterson |
HFF marketed the properties on behalf of the seller. Global Fund Investments purchased the
offering free and clear of existing debt.
The first property in the portfolio, Lake Cay Commons,
was built in 2008 and is located at 9930 Universal Boulevard in Orlando. Lake Cay Commons, which is 56 percent
leased, is located less than one mile from the 2.1 million-square-foot Orange
County Convention Center, the Rosen Shingle Creek Resort and the University of
Central Florida School of Hospitality.
The second property, The Shoppes at Glen Lakes, is
located at 9595 Commercial Way in Weeki Wachee, a northern suburb of
Tampa. Also completed in 2008, the
property is 76 percent leased.
The HFF team representing the seller was led by senior
managing director Brad Peterson along with director Luis Castillo.
“With the scarcity of Publix-anchored retail properties for
sale, it was no surprise that close to 25 offers were received on the properties. This portfolio presented a rare opportunity
to acquire two high-quality Publix grocery-anchored centers with significant
upside in a single transaction,” Peterson commented.
 |
| Luis Castillo |
Global Fund Investments, LLC, is a real estate investment
company headquartered in South Florida. The company acquires, develops,
redevelops, manages, leases and finances retail shopping centers across the
Southeastern United States, with a core focus on Florida and Texas.
Global owns and self manages 35 shopping
centers, totaling 4.5 million square feet of leasable retail space.
To learn more about
Global, please visit the company’s website at www.gfinvestments.com
or contact Nikolas Kozy at 305-535-6305.
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
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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