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Florida & Gulf Coast  + Central Florida  + Retail  | 

Orlando Power Center Trades for $56.4M

Millenia Plaza, a 411,503-square-foot, core, fully-leased regional power center in Orlando has traded hands for $56.4 million. West Palm Beach, FL-based North American Development Group purchased the center from Site Centers, a Beachwood, OH based retail investor.

Completed in 2001 and renovated in 2011, Millenia Plaza is the largest open-air center in the trade area south of downtown Orlando along Interstate 4. The 100%-leased center on 37.9 acres at 4403-4697 Millenia Plaza Way is home to such retailers as Home Depot, BJ’s Wholesale, Ashley’s Furniture, Dick’s Sporting Goods and Total Wine & More.

HFF’s Brad Peterson, Whitaker Leonhardt and Tommy Isola represented the seller.

Peterson says, “Millenia Plaza is located in the most successful trade area in Central Florida, drafting off one of the most productive enclosed malls in the United States, The Mall at Millenia. Millenia Plaza was a highly-sought-after offering because of its location, scale and below market rents. Offerings of this caliber are rare.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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  • ◦Sale/Acquisition