Thursday, August 22, 2024

REIT buys Millenia Crossing shopping center located in Orlando, FL and adjacent to the Mall at Millenia

SOLD: Millenia Crossing shopping center
 located in Orlando and adjacent
to the Mall at Millenia,
 

ORLANDO, FL -- Plaza Advisors has brokered the sale of the

Millenia Crossing shopping center located in Orlando and adjacent to the Mall at Millenia, one of the country’s premier malls. The price was not disclosed.

 

Jim Michalak

The 100,385 square foot retail plaza was 96% occupied and is anchored by Nordstrom Rack, Party City and Modani Furniture. 


Notable inline tenants include Milan Laser Hair Removal, Destination XL, The Vitamin Shoppe and Relax the Back.

 

The Plaza Advisors team led by Jim Michalak and Jeff Berkezchuk represented the seller. The buyer is a publicly traded REIT that owns and operates a portfolio of high-quality retail assets in higher growth markets in the U.S.

 

“The irreplaceable location within the Millenia trade area and next to the high-performing Mall at Millenia resulted in a great deal of interest,” Berkezchuk said. “Millenia Crossing was attractive for a variety of reasons including its prime location, institutional quality improvements and strong in-place tenancy and cash flow.”


Jeff Berkezchuk


Plaza Advisors is a shopping center investment brokerage firm that specializes in the disposition of retail properties throughout the state of Florida.


 Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks. 

 

 


 



 CONTACT:


Jim Michalak

Managing Partner

Plaza Advisors

www.plazadvisors.com

 

4100 West Kennedy Boulevard, Suite 100

Tampa, FL 33609

Main: 813.837.1300 Ext. 1

jim.michalak@plazadvisors.com

 

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