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Florida & Gulf Coast  + Central Florida  + Retail  | 

Limestone Asset Management Acquires Two Outparcels Outside Orlando’s Mall at Millenia for $10M

Miami-based Limestone Asset Management has acquired two outparcels, totaling 14,075 square feet, around Orlando’s Mall at Millenia for $10.4 million.

One outparcel includes a 5,530-square-foot AT&T store, located at 4006 Conroy Road. The second includes a 5,045-square-foot Panera Bread and a 3,500-square-foot Shake Shack, located at 4060 Conroy Road. Mall at Millenia comprises more than 1.1 million square feet and includes anchors such as Macy’s, Neiman Marcus, and Bloomingdale’s. The property is located at 4200 Conroy Road, six miles southwest of downtown Orlando.

Kevin Sanz of Orion Real Estate Group, represented Limestone Asset Management in the acquisition. The undisclosed seller of Panera Bread and Shake Shack brought the off-market deal directly to Orion before marketing it. Patrick Luther of SRS represented the undisclosed seller of the AT&T store. Ocean Bank is providing financing.

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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.

  • ◦Sale/Acquisition
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