11North Partners Buys Winn-Dixie-Anchored Retail Center Near Orlando

11North Partners has purchased West Town Corners, a 285,497-square-foot grocery-anchored retail center in Altamonte Springs.

The center is anchored by Winn-Dixie and includes a broad tenant mix spanning discount retail, dining, pet supplies, home furnishings and specialty shops. Tenants at the property include PetSmart, T.J. Maxx, Five Below, Panera Bread, Bath & Body Works, Crumbl Cookies and American Signature Furniture.

JLL’s Danny Finkle and Jorge Portela represented the seller. According to media reports, Washington Prime Group sold the property for $59.5 million.

The acquisition adds another large-format, grocery-anchored retail asset to 11North Partners’ portfolio at a time when well-located shopping centers with necessity-based anchors continue to attract investor interest.

Source: RE Business