JLL has brokered the $9.1 million sale of Southgate Shopping Center, a 144,052-square-foot grocery-anchored retail center in Orlando.
Originally built in 1966 and most recently renovated in 2019, the shopping center is anchored by a ground-leased ALDI grocery store. The 91% leased center is also home to a tenant line-up that includes a large-format regional hub AutoZone, dd’s DISCOUNTS, Aaron’s and Value Pawn. The property can also be expanded with the addition of a 6,000-square-foot future pad site and drive-thru ATM development opportunity. The property is located at 4649 South Orange Blossom Trail.
Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller, Marx Realty, in the transaction. A Texas-based real estate company acquired the property.
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.
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