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| Celebration Village, Kissimmee, FL (Photo lby Troy Morgan) |
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| Whitaker Leonhardt |
ORLANDO, FL – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $4 million sale of Celebration Village, a
20,750-square-foot retail center in the Orlando-area community of Kissimmee,
Florida.
HFF arranged the sale on
behalf of the seller, TriGate Capital. A
private investor purchased the asset free and clear of existing debt.
Celebration Village is
fully leased to eight tenants, including Sherwin-Williams and Domino’s
Pizza. Situated on 2.35 acres at 5455 West
Irlo Bronson Memorial Highway, the center is located along the primary
commercial corridor in the trade area, which has traffic counts of
approximately 36,500 vehicles per day.
Celebration Village is
about one mile east of downtown Celebration, the nation’s first Walt Disney
World-built master-planned community.
More than 25,787 residents earning an average annual household income of
$65,246 live within a three-mile radius of the center.
The HFF investment sales
team was led by associate director Whitaker
Leonhardt and senior managing director Brad
Peterson. Gregory Newman, principal with Keystone Commercial Real Estate,
LLC, represented the buyer, who is a Michigan-based investor.
“There is tremendous
demand for well-located retail strip centers, and we were successfully able to
generate 10 offers within a very short marketing timeline,” Leonhardt
said. “This center has maintained a
healthy historical occupancy and is ideally positioned in the submarket to
benefit from all of the surrounding developments.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
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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