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Florida & Gulf Coast  + Retail  | 

Group Kirkman Divests 18-Acre Redevelopment in New Orlando Tourist Corridor

Group Kirkman sold the 18-acre International Festival Shopping Center in Orlando that is in line to be one of the first redevelopment deals directly related to the 1.7-mile Kirkman Road Extension. The buyer was Orlando-based Intram Investments, which will rebrand the Center as Olinda Center.

Located at the Northeast corner of North International Drive and S. Kirkman Road, the expanded tourist corridor will connect Universal Studios and the Epic Universe theme park currently under construction. The new ownership plans to upgrade the landscaping and curb appeal of the property while the current leases are in place, and will be exploring ideas for a mixed-use project.

Orlando-based Smith Equities Real Estate Investment Advisors represented the seller. Smith Equities’ Robert Smith says, “we used our extensive multifamily background and in-depth analysis of the Kirkman/Universal Corridor to market this opportunity as a redevelopment play. Once redeveloped, it will help change the local market perception of the entire Kirkman/Universal Corridor for years to come.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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