[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]
Phillips Edison Acquires Lake Mary Retail Center – Connect CRE

by | Feb 28, 2024 | 0 comments

A Seminole County shopping center along one of the region’s busy commercial corridors has traded hands for $26.1 million. Phillips Edison & Co. bought Shoppes of Lake Mary from Nuveen Real Estate.

The 74,234-square-foot retail property sits on a little over 10 acres at 4215 W. Lake Mary Blvd.

A Publix Super Market and a Target are anchor tenants at the center but were not included in the deal. The Orlando Business Journal reports Shoppes of Lake Mary was 97% leased at the time of sale. It includes three outparcel tenants — a Gator’s Dockside restaurant, PNC Bank and Jeremiah’s Italian Ice — as well as in-line tenants such as home goods and furniture retailer Homesense, Don Julio Mexican Kitchen, Huey Magoo’s Chicken Tenders, Keke’s Breakfast Cafe and SoFresh, a health food restaurant serving bowls, smoothies, wraps and other items.

Seminole County records show the property, which was built in 2000, last sold for $12.5 million in 2002.



Source link

0 Comments

Submit a Comment

Your email address will not be published.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