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| East Orlando Shopping Center, 989--1007 North Semoran Boulevard (State Road 436), Orlando, FL |
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| Brad Peterson |
ORLANDO, FL, June 22, 2016
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the
$6 million sale of East Orlando Shopping
Center, a 131,981-square-foot, grocery-anchored shopping center in Orlando,
Florida.
HFF arranged the sale on
behalf of the seller, Kimco Realty Corp.
Mishorim Gold East Orlando L.P. purchased the asset free and clear of
existing debt.
Situated at the “Main and
Main” signalized intersection of East Colonial Drive (State Road 50) and North
Semoran Boulevard (State Road 436), East Orlando Shopping Center is located at
989-1007 North Semoran Boulevard and boasts a combined traffic count of 116,000
vehicles per day.
The center is anchored by
Bravo Supermarkets and Florida Career College and is home to shop tenants,
including Amscot and Pizza Hut. The
trade area includes Orlando Fashion Square Mall and is among the largest retail
nodes in central Orlando, serving residents of downtown and the surrounding
communities.
The 10.2-acre property includes two additional
parcels totaling two acres, which are on ground leases.
The HFF investment sales
team representing the seller was led by senior managing director Brad Peterson and associate director Whitaker Leonhardt.
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| Whitaker Leonhardt |
“The sale of East Orlando
Shopping Center is a strong indicator of the depth of retail investors
searching for value-add infill opportunities,” Leonhardt said.
“There were nearly a dozen groups that
submitted offers to acquire the asset, with the eventual buyer being selected
based on their competitive terms and successful track record buying from public
companies.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
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
blog.kimcorealty.com, or
follow Kimco on Twitter at www.twitter.com/kimcorealty.
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