Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Florida & Gulf Coast  + Central Florida  + Retail  |  October 19, 2026
Alafaya Square
Mike Boyd
By: Mike Boyd

Phillips Edison Pays $69.1M for Orlando-Area Retail Center

Phillips Edison acquired Alafaya Square, a 168,532-square-foot grocery-anchored retail center for $69.1 million. The center is located at 81 Alafaya Woods Blvd. in Oviedo, Florida.

JLL represented the seller, a joint venture between MCB Real Estate and an institutional investor, in the transaction. JLL says the transaction represents the largest single-asset retail sale in Seminole County history. The JLL Capital Markets team was led by Danny Finkle and Jorge Portela, along with Evan Lahr.

Alafaya Square is a 96%-occupied neighborhood shopping center situated on approximately 21.1 acres in Seminole County within the Orlando metropolitan area. The center is anchored by Publix and features a mix of national and regional tenants, including Planet Fitness, IHOP, Keller Williams, Froggers Grill & Bar and Arcade Monsters, among others.

Alafaya Square benefits from direct access to Alafaya Trail and proximity to State Road 434 and State Road 417.

Read More News Stories About: JLL
Connect

Inside The Story

Phillips Edison

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
Order Reprints
  • ◦Sale/Acquisition
New call-to-action
New call-to-action