Marcus & Millichap Brokers Sale Of New Balance Factory Store-Anchored Shopping Strip In Kissimmee
The property sold for $6,750,000 million.
The property sold for $6,750,000 million.
Brad Peterson and Whitaker Leonhardt of JLL represented the seller in the transaction and procured the buyer.
Maria Gueits of Avanti Way Realty represented the buyer and Anthony Bernabe and Jordan Characo of Equity Commercial Real Estate Solutions represented the seller in the transaction.
Kevin Sanz of Orion Real Estate Group led the acquisition of the buyer, Limestone Millenia Plaza LLC. Brad Peterson and Whitaker Leonhardt of JLL represented the seller.
Ray Turchi and David Vaughan in Marcus & Millichap’s Orlando office had the exclusive listing to market the property on behalf of the seller, a private New York investor.
Stiles has added four new-to-market tenants in the last year at Marketplace at Altamonte, which is now 90% leased.
Kent Cooper, CCIM, a CFCAR past president, was awarded Deal of the Year and 17 other awards were presented.
The center is 100% leased with notable tenants such as Petco, Ross, Marshalls, Five Below and Bed Bath and Beyond. In June, a Sprouts store and ULTA will move in.
The buyer is planning on developing a mixed-use project on the site. This project will consist of a ground floor retail space with multi-family units built directly above.
LandQwest Managing Principal Julia Sosa alongside LandQwest’s Tyler Roberts, Tom Heer, and Eva Royal represented BJ’s in the lease deal.
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