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