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SRS Arranges $12M Sale of Central Florida Retail Center

SRS Real Estate Partners has arranged the $11.8 million sale of Viera Colonnade Shops, a 27,051-square-foot retail strip center in Viera, FL. Located at 2328, 2338 and 2348 Citadel Way, the three-building property is 35 miles east of Orlando.

Patrick Luther and Matthew Mousavi of SRS represented the seller, an undisclosed developer based in Florida, in the transaction. The buyer was an unnamed private partnership comprised of domestic and foreign investors.

The center is currently fully occupied by 14 tenants, including UPS, Jersey Mike’s, Great Clips, Mattress One, and Blaze Pizza. All tenants recently signed new 10-year triple-net leases with options to extend. The site is also across from The Avenue Viera, a 525,000-square-foot, power center featuring World Market, Bed Bath & Beyond and Michaels.

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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