SRS Real Estate Partners announced the $7.475 million sale of Leesburg Marketplace, a 81,071-square-foot multi-tenant retail center located at 1101 W. North Boulevard in Leesburg.
SRS Managing Principals Kyle Stonis and Pierce Mayson represented the seller, a private investor based in Florida. The property was purchased by Florida-based JTT Eagles, LLC.
Situated on 9.35 acres in a primary commercial and traffic corridor, the neighborhood center is 90% occupied and anchored by Ollie’s Bargain Outlet and Dollar Tree.
“Retail assets in Central Florida are still receiving significant interest and activity despite recent capital markets challenges,” said Mayson. “Investor appetite for proven discount tenants and well-located product remains strong and it continues to pencil.”
Located 40 miles northwest of Orlando and 12 miles south of The Villages, Leesburg Marketplace fronts US-441, a primary retail and commuter corridor, and includes several national retail tenants.
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