Colliers | U.S. arranged the sale of Narcoossee Cove, a multi-parcel retail development located at the corner of Narcoossee Road and Irenic Way in Lake Nona, for $31 million. Over the course of several months, Colliers executed the sale through multiple transactions with five different buyers. The final transaction, a 3,181-square-foot Raising Cane’s located at 12040 Pioneers Way, was purchased by an investor in December for nearly $4 million. 

Narcoossee Cove was built by WMG Development, who was the seller. Construction began in 2023 and was completed in 2024. Michael Brewster and Tommy Isola of Colliers represented WMG Development in the transactions. 

The property totals 36,100 square feet of retail property. From March 2024 to December 2024, Colliers brokered the sale of six outparcel retail properties at Narcoossee Cove to five buyers.

Colliers’ Alexie Fonseca, David Gabbai and Jeff Johnson have fully leased the property. The tenants’ lease terms ranged from ten to twenty years.