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| International Drive Value Center, 5295 International Drive, Orlando, FL |
ORLANDO, FL, May 14, 2015 – Holliday Fenoglio Fowler, L.P.
(HFF) announced today that it has closed the sale of International Drive Value Center, a 185,704-square-foot,
98.2-percent-leased power center in Orlando, Florida.
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| Brad Peterson |
HFF arranged the sale of the property on behalf of the
seller, a partnership between Weingarten Realty Investors and an institutional
partner.
International Drive Value Center is anchored by multiple
national and regional tenants, including Bed Bath & Beyond, Ross Dress for
Less, T.J. Maxx, dd’s DISCOUNTS, Five Below and Dollar Tree. The center spans 22.6 acres and is located at
5295 International Drive.
The property
is approximately six miles from downtown Orlando, 8.5 miles northeast of Walt
Disney World® and less than one mile southeast from Universal Studios.
The HFF investment sales team representing the seller was
led senior managing director Brad
Peterson, associate director Whitaker
Leonhardt and real estate analysts Michael
Brewster and Anthony Frogameni.
“International Drive Value Center is an iconic fixture on
northern International Drive, which is one of the most recognizable and highly
sought after entertainment and shopping destinations on the East Coast,”
Peterson said.
“Orlando’s booming
tourism industry and overall economic health have had a profound effect on the
success of shopping centers across Orlando’s tourist corridor, especially
International Drive Value Center.”
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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