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Florida & Gulf Coast  + Central Florida  + Retail  |  August 26, 2021
David Cohen
By: David Cohen

Franklin Street Arranges $4M Sale of Orlando Retail Property

Franklin Street has arranged the $4.2 million sale of a more than one-acre site leased to Red Lobster at 7373 W. Colonial Dr. in Orlando.

The Red Lobster property features 7,900 square feet and has 18.5 years remaining on its lease. The building is an outparcel to a 209,686-square-foot shopping center that benefits from retailers including Burlington, Ross Dress for Less, Marshalls and more. The property is eight miles from downtown Orlando.

Adam Tiktin, Greg Matus and Steven Logan of Franklin Street’s Florida Investment Sales Team represented the seller, Master Carwash, in the transaction. The buyer was an entity owned by Abraham Cherem. The deal closed Aug. 9th. 

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Franklin Street’s Tiktin

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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