Encore Capital Lands $42M For Orlando Retail Center
Completed in 2019 and 2020, the property comprises 14 buildings on an 11-acre lot, part of the 325-acre Sunset Walk master-planned mixed-use entertainment community.
Completed in 2019 and 2020, the property comprises 14 buildings on an 11-acre lot, part of the 325-acre Sunset Walk master-planned mixed-use entertainment community.
A nine-parcel area of SouthPark Center with five fully leased office buildings totaling 670,000 square feet is the subject of the planned new development.
Synonymous with Florida retail, office, industrial, land brokerage and property management for 18 years, this new brand identity is reflective of the firm’s evolution, growth, and positioning for continued success.
The neighborhood center is 90% occupied and anchored by Ollie’s Bargain Outlet and Dollar Tree.
Retail and offices will be located on the bottom floor, and apartments and condominiums will be located on the upper floors.
The property was 85 percent leased at the time of sale.
During the June 20 Kissimmee City Commission meeting, developer TRJCorley LLC asked the city for $147,826 through the Vine Street Community Redevelopment Agency Pioneer Project Incentive Program.
At CFCAR’s 25th Annual Hallmark Awards, which was held at The Monroe in Downtown Orlando’s Creative Village on Wednesday night (June 21st), award winners were honored and celebrated.
Orlando Mayor Buddy Dyer will participate in the celebration.
Massachusetts-based WS Development will assume management of the center and will share ownership with CP VENTURE FIVE – AV LLC, an entity managed by PGIM, which has owned Avenue Viera since 2006, when it purchased the retail asset from Cousins Properties, Inc. for $87.6 million.
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