HFF announces sale of upscale Orlando, FL lifestyle center

Dellagio Town Center, Sand Lake Road, South Orlando, FL
Photo by Raul Pedroso – Solo Photography

Brad Peterson

ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Dellagio Town Center, a 109,890-square-foot,upscale lifestyle center along “Restaurant Row” in Orlando, Florida.

The HFF team marketed the property on behalf of the seller.  Concorde Group Holdings, LLC, a privately owned developer based out of Boca Raton, Florida, purchased the asset free and clear of existing debt. 

Dellagio Town Center is situated on 9.8 acres at 7924-8075 Via Dellagio Way in Orlando along the famed “Restaurant Row,” a prestigious and thriving one-mile stretch of Sand Lake Road between Interstate 4 and Apopka-Vineland Road that appeals to tourists and residents in the nearby upscale communities of Isleworth, Windemere and Bay Hill. 

Whitaker Leonhardt

Dellagio Town Center features distinctive architectural features, including ornate tower elements, arched doorways and window lines, a streetscape design, outdoor patio seating, brick inlaid sidewalks, lush landscaping and fountain features for waterfront views. 

Constructed in 2009, the 95.8-percent-leased center is home to a variety of tenants, including Fleming’s Prime Steakhouse, BRAVO! Cucina Italiana, Dragonfly Sushi, Big Fin Seafood Kitchen and Urbain40.

The HFF investment advisory team representing the seller included senior managing director Brad Peterson, senior director Whitaker Leonhardt and associate Michael Brewster.

“Dellagio is one of the most iconic and picturesque retail properties in all of Central Florida,” Peterson said.  “No expense was spared in the design elements, which provide a truly unique and special shopping and dining experience for tourists and nearby residents. 

Michael Brewster

"The restaurants at Dellagio are run by the most talented, creative and passionate foodies, and I am excited about Concorde and their team taking Dellagio to the next level and making it the ‘premier’ venue along Sand Lake Road.”

“We are truly excited about what lies ahead at Dellagio,” said Joe LeBas, managing director and founder of Concorde Group Holdings, LLC. 

“We believe the center represents not only a best-in-class destination for the residents of Orlando but also for the 68 million annual visitors to our city.  We look forward to people making a special trip to see us at Dellagio!”

This sale comes on the heels of the HFF team closing another “Restaurant Row” transaction in February with the sale of Rialto II, a fully leased, 17,361-square-foot ground-floor retail condo at 7341 West Sand Lake Road below a 200-unit luxury apartment building. 

Joe LeBas

“Sand Lake Road is one of the most desirable retail addresses in Orlando,” Leonhardt said.  “The submarket continues to see positive rent growth, exceedingly strong occupancy and retail tenant demand that exceeds supply. 

"With the addition of thousands of new residential and hotel units in the immediately surrounding area and record-breaking tourism numbers in Orlando, the positive outlook for retail in this corridor cannot be over-stated.”

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

www.concorde-grp.com.