[et_pb_dmm_dropdown menu_id=”2″ parent_menu_padding_top=”10px” parent_menu_padding_right=”10px” parent_menu_padding_bottom=”10px” parent_menu_padding_left=”10px” parent_menu_border_color=”#000000″ module_class=”xs-tablet” _builder_version=”4.22.1″ _module_preset=”default” menu_text_text_color=”#FFFFFF” menu_text_font_size=”14px” background_color=”#353535″ text_orientation=”center” width=”100%” max_width=”100%” module_alignment=”right” custom_margin=”0px|0px|0px|0px|false|false” custom_padding=”0px|20px|0px|20px|false|true” custom_css_main_element=”display:inline-flex;||width:100%;” border_width_all=”0px” border_color_all=”#353535″ global_colors_info=”{}” menu_text_text_color__hover_enabled=”on|hover” menu_text_text_color__hover=”#c95b0c”][/et_pb_dmm_dropdown]
Grocer-Anchored Casselberry Center Trades for $40M – Connect CRE

by | Feb 7, 2024 | 0 comments

A Publix-anchored shopping center in Seminole County has sold for $40.3 million. The Site Center sold the Casselberry Commons retail center to JBL Asset Management.

The 248,683-square-foot shopping center sits on about 20 acres at the northwest corner of Semoran Boulevard/State Road 436 and Howell Branch Road.

Anchored by a 47,317-square-foot Publix grocery store, the center includes national tenants such as Burlington, T.J. Maxx, Five Below and Firehouse Subs.

The property was 90% leased at the time of sale. 11 vacant spaces available for lease, ranging from 600 to 7,930 square feet in size. The Orlando Business Journal reports two out-parcel buildings — Metro Diner and LensCrafters — are part of the traded property. Some others, including Burger King, Arby’s, Starbucks, Pollo Tropical, Dunk’n and Chase Bank, have other owners.

The property last sold for $17.4 million in 1999 to Inland Retail Real Estate Trust, which was later acquired by Site Centers.



Source link

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *