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Florida & Gulf Coast  + Central Florida  + Retail  |  August 6, 2021
David Cohen
By: David Cohen

Newport Capital Partners Snags 161K-SF Orlando Shopping Center

Newport Capital Partners has acquired West Colonial Oaks, a 160,792-square-foot, grocery-anchored, community shopping center in Orlando. The sales price was not disclosed.

Located on the southwest corner of West Colonial Drive (SR 50) and North Hiawassee Road, WCO is currently 94% leased and its largest tenant is national discount retailer Ollie’s Bargain Outlet which offers food products, housewares, books, bed and bath products and other necessity goods. Additionally tenants include Fancy Fruit & Produce, Office Depot, Crazy Buffet, Family Dollar, Olive Garden, and Optum Primary Care. 

The Property was sourced and acquired off-market from a private investor. Financing was provided by Ameris Bank and arranged through Newmark. 

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Newport Capital Partners

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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