Equity Investment Services has brokered the $6.2 million sale of Osceola Shops, a 12,420-square-foot retail center in Kissimmee. Nick Barbato and Eric Portnoy of EIS represented the New York-based buyer in the transaction. The seller was represented by Cushman & Wakefield.
Osceola Shops consists of three tenants, Navy Federal Credit Union, Mattress One, and Verizon Wireless, and is located as an outparcel to Lowe’s Home Improvement at 1310 W Osceola Parkway.
“The buyer has been a client of ours for several years, as our firm oversees the leasing and management of their other central Florida assets,” said Portnoy, a senior associate at EIS. “What attracted us to this opportunity was the robust retail growth that has continued to develop along this corridor of Osceola Parkway and John Young Parkway.”
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.