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Core Sells Off Orlando Shopping Center for $24M
Core Investments sold the Shoppes of South Semoran in Orlando for $24 million. The Orlando Business Journal reports that in 2020, Core bought the shopping plaza in the airport area retail center for $18 million. The property’s anchor, Walmart Neighborhood Market, opened in 2013 after the shopping center, built in 1986, was renovated by its seller. The buyer was not disclosed.
Whitaker Leonhardt and Brad Peterson of Colliers facilitated the off-market deal.
The roughly 101,000-square-foot plaza at 4520 S. Semoran Blvd. is 99% leased. Its other tenants include Dollar Tree, Cici’s Pizza, Vicky’s Bakery and Suncoast Credit Union.
The move comes after Core bought Dellagio Town Center, a retail property in the Dr. Phillips area, for $37.5 million.
The South Florida group, which focuses on Florida retail properties, has other properties in the area, including Orlando Square, Ranch Lake Plaza, Southchase Village and Fountains at Bay Hill.
- ◦Sale/Acquisition
