Phillips Edison Nabs Orlando Retail Property

Located at the intersection of Lakes Boulevard and U.S. Highway 441, the Shoppes of Lake Village is anchored by Publix.

By Alex Ciorogar

Shoppes of Lake Village
Shoppes of Lake Village

Phillips Edison & Co. (PECO) has bought the Shoppes of Lake Village, a 135,437-square-foot grocery-anchored shopping center in Leesburg, Fla., which sees more than 35,000 vehicles per day.

Publix anchors the retail center, with Advance Auto Parts, Dollar Tree, H&R Block, Bon Worth, Wells Fargo Bank and Wireless Unlimited being some of its other tenants. Located at 10601 U.S. Highway 441, South Duncan Drive is easily accessible from the property. Via Port Florida Mall and Home Depot are also located nearby. According to PECO, the population exceeds 18,400 in a three-mile radius, with an average household income greater than $54,200.

“Adding the Shoppes of Lake Village to our growing portfolio advances our proven strategy of owning and operating well-located shopping centers in markets that exhibit favorable long-term economic and demographic fundamentals,” said David Wik, senior vice president of acquisitions at PECO, in prepared remarks. “We are excited to deliver an outstanding shopping experience to the Leesburg community.”

Photo via Google Street View

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