 |
| 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’ 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
4100 West Kennedy Boulevard, Suite 100
Tampa, FL 33609
Main: 813.837.1300 Ext. 1
No comments:
Post a Comment