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Florida & Gulf Coast  + Central Florida  + Retail  |  December 2, 2019
David Cohen
By: David Cohen

Grocery-Anchored Retail Center Trades for $7M in Orlando

JLL has brokered the $7 million sale of Silver Hills Shopping Center, a 109,001-square-foot, grocery-anchored retail center anchored by Presidente Supermarket in Orlando.

Anchored by a new Presidente Supermarket, the 97% leased center is also home to tenants CitiTrends, Badcock Furniture & More, AutoZone, Family Dollar, Pizza Hut, A+ Nails and Metro PCS. The center was built in 1964 and has been renovated multiple times, most recently in 2019. Situated on nearly 10 acres at 2702 North Pine Hills Rd., Silver Hill Shopping Center is in an infill location five miles west of downtown Orlando and at the signalized intersection of Silver Star Road and Pine Hills Road.

Brad Peterson, Whitaker Leonhardt and Michael Brewster of JLL, in conjunction with Ten-X, represented the private seller in the transaction. The buyer, a private South Florida-based investor, was represented by Joe Valls Retail RE Broker.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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