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Florida & Gulf Coast  + Retail  |  September 7, 2020
David Cohen
By: David Cohen

SRS Brokers $23M Sale of Net-Leased Retail Portfolio in Orlando

SRS Real Estate Partners has arranged the $22.7 million sale of a seven-property net-leased retail portfolio totaling 104,188 square feet in Orlando.

The properties are outparcels to the Mall of Millenia, a 1.1 million-square-foot regional shopping mall located at 4200 Conroy Road in Orlando. The Mall of Millenia is anchored by Macy’s, Neiman Marcus, and Bloomingdale’s and is one of Orlando’s premier luxury shopping destinations. The properties include six retail properties and one office building and were built over a time period ranging from 2003 to 2007. The portfolio features a tenant roster that includes BJ’s Brewhouse, DSW, Ethan Allen, Old Navy, Olive Garden and West Elm. The office property is occupied by Ingenus Pharmaceuticals.

Patrick Luther, Matthew Mousavi and Patrick Nutt of SRS, along with Gradon Willard of BluRock Commercial Real Estate, represented the Orlando-based seller, who was the original developer of the property. The buyer was Limestone Asset Management, an affiliate of Orion Real Estate Group.

For comments, questions or concerns, please contact David Cohen

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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.
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