Demetree Global Acquires Prime Mixed-Use Property In Winter Park For $55 Million
The transaction, valued at $55.3 million, includes nine buildings encompassing 168,741 square feet of space.
The transaction, valued at $55.3 million, includes nine buildings encompassing 168,741 square feet of space.
The location is currently in the development planning stage and approval process, with the goal of opening late 2024.
The HALLMARK Awards event is scheduled for July 24th, 2024.
The food hall at 2105 N. Orange Blossom Trail opened to the public last Friday with nine of the 11 vendor spots serving everything from chicken shawarma, to Picanha steak, to Oreo-cheesecake brownies, to some of Orlando’s best Neapolitan-style pizza.
Construction of the $500 million, 900,000-square-foot mixed-use project, to be called Westcourt, is set to break ground in late 2024.
“SRS continues to grow our team in Florida as well as around the country to help meet the demand we’re seeing from retailers who are looking to expand,” said John Artope, SRS Executive Vice President and Florida Market Leader.
Gabriel Britti, Issenberg, and Ricardo Esteves of Marcus & Millichap’s Issenberg Britti Group had the exclusive listing to market the property on behalf of the seller, and procured the buyer, a local LLC.
The property is 98% occupied.
Patrick Nutt and William Wamble of SRS represented the seller in the transaction.
A three-story building with ground-floor retail will front Plant Street, with the top two floors holding ten apartments.
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