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| The Fountains at Bay Hill, Orlando, FL |
ORLANDO, FL – – Holliday Fenoglio Fowler, L.P. (HFF) announces
the sale of a partial interest in The Fountains at Bay Hill, a 103,961-square-foot, upscale,
mixed-use retail center with office space along “Restaurant Row” in Orlando,
Florida.
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| Brad Peterson |
The HFF team marketed the property on behalf of the seller. An
affiliate of Core Investment Properties Fund purchased 50 percent of the
asset.
Situated on 9.93 acres at 7535 Sand Lake Road, The Fountains at Bay Hill
is located 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.
More than 46,631 residents earning an average annual
household income of $124,120 live within three miles of the center.
The Fountains at Bay Hill is home to a variety of
national and regional tenants, including Ruth’s Chris Steak House, The Melting
Pot, CVS Pharmacy, MoonFish, Steak on Fire, AT&T and My Gym Children’s
Fitness Center.
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| Whitaker Leonhardt |
The HFF investment advisory team representing the seller included senior
managing director Brad Peterson, senior director Whitaker Leonhardt and
associate Michael Brewster.
According to Leonhardt, “Fountains at Bay Hill is located in one of the
most highly desirable infill retail locations in Orlando, surrounded by some of
the region’s top-performing restaurants, desirable Bay Hill and Dr. Phillips
neighborhoods, world class Orange County Convention Center, and Orlando’s
prolific surrounding hotels, theme parks, and attractions.
This is a tremendous property and a great addition to Core’s
portfolio, and is the 7th asset that HFF has sold or financed
along Sand Lake Road’s Restaurant Row corridor.”
CORE is a private investor of primarily value
add retail and office properties located in primary and secondary MSA markets
of Florida and the southeastern United States.
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| Michael Brewster |
CORE and its principals own and
actively manage approximately one million square feet of properties throughout
the region and target experience-oriented properties with existing cash flow
and upside potential through active management.
CORE leverages their experience
for investors and provides an opportunity to invest in their Core Investment
Properties Fund aiming to provide investors steady income with upside
potential.
Additionally, Core has
investments in technology, management and other ancillary real estate
ventures. Visit http://coreipf.com to learn more.
CONTACTS:
BRAD PETERSON
FL Lic. # BK3162030
HFF Senior Managing Director
(407) 745-3900
WHITAKER LEONHARDT
FL Lic. # SL3221137
HFF Senior Director
(407) 745-3900
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
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