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Florida & Gulf Coast  + Central Florida  + Retail  |  September 2, 2021
David Cohen
By: David Cohen

JLL Brokers $35M Sale of Orlando Retail Center

JLL has arranged the $35 million sale of the Shoppes at Nona Place, a fully leased, 60,557-square-foot neighborhood shopping center anchored by Bravo Supermarkets in Orlando.

Shoppes at Nona Place was constructed in 2018 and 2019 and is anchored by Bravo Supermarkets, a market-dominant Hispanic grocer and the only Hispanic grocer in more than nine miles. The fully occupied retail center is also home to a mix of tenants, including Pet Supermarket, First Watch, Heartland Dental, BurgerFi, Aveda, Lime Fresh, F45 and Pig Tails. Situated on 14.6 acres at 13000 Narcoossee Rd., Shoppes at Nona Place is in a high barriers-to-entry area in the heart of Orlando’s Lake Nona submarket.

Brad Peterson, Whitaker Leonhardt, Michael Brewster and Tommy Isola of JLL represented the seller, a venture between North American Development Group and Blackfin Partners Investments. A private investor group affiliated with the Flocchini/Van Wagner Families acquired the property.

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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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