CrossMarc Services Signs 42,000 SF Lease At South Orlando Shopping Center
The tenant will take over the former Big Lots space with a 42,000-square-foot venue set to debut in spring 2026.
The tenant will take over the former Big Lots space with a 42,000-square-foot venue set to debut in spring 2026.
The 103,830-square-foot-property at 4520 S Semoran Blvd is currently 99% occupied.
The sale marks one of the largest retail real estate sales in the Orlando Metropolitan Area in the last five years.
The property boasts a 92.3% occupancy rate.
The acquisitions total 150 acres.
Senior Vice President Louie Granteed represented the landlord in the transaction and exclusively handles all retail and restaurant leasing at the property.
The project, backed by a $45 million investment, will feature 392 modern apartments as well as approximately 53,000 to 55,000 square feet of commercial space, including retail shops, diverse dining options, and offices.
The Colliers Retail Team’s work on this project was awarded the Central Florida Commercial Association of Realtors’ Deal of the Year in 2024.
Peter Klein orchestrated the complex multi-market acquisition campaign.
Tarek Chbeir represented the seller, a private investor, in the transaction. He collaborated with Adam Sklaver and Philip Kates of Marcus & Millichap’s Commercial Property Auction Services to market the asset.
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