{"id":1004477776,"date":"2020-09-15T23:08:37","date_gmt":"2020-09-16T07:08:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004477776"},"modified":"2025-02-26T02:27:20","modified_gmt":"2025-02-26T10:27:20","slug":"tscg-arranges-18m-sale-of-orlando-walmart-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tscg-arranges-18m-sale-of-orlando-walmart-asset\/","title":{"rendered":"TSCG Arranges $18M Sale of Orlando Walmart Asset"},"content":{"rendered":"<div id=\"attachment_1004477779\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Shoppes-of-South-Semoran.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004477779\" data-attachment-id=\"1004477779\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tscg-arranges-18m-sale-of-orlando-walmart-asset\/shoppes-of-south-semoran\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Shoppes-of-South-Semoran.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Shoppes of South Semoran\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Shoppes of South Semoran. &lt;i&gt;Image courtesy of TSCG&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Shoppes-of-South-Semoran.jpg?w=800\" class=\"wp-image-1004477779 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Shoppes-of-South-Semoran.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Shoppes-of-South-Semoran.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Shoppes-of-South-Semoran.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Shoppes-of-South-Semoran.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004477779\" class=\"wp-caption-text\">Shoppes of South Semoran. <i>Image courtesy of TSCG<\/i><\/p><\/div>\n<p>TSCG has brokered the $18 million sale of The Shoppes of South Semoran, a 102,000-square-foot retail property in Orlando, Fla. Anthony Blanco, Lenard Williams, Mallory Silva and Gavin Walsh negotiated on behalf of the seller, Weingarten Realty.<\/p>\n<p>A private entity affiliated with Core Investment Management acquired the Walmart-anchored shopping center, which was 97 percent leased at the time of closing. Professional Bank originated a $10.8 million acquisition loan, according to public records. The asset last traded in 2007, when Stoltz Real Estate Partners sold it for $14.5 million.<\/p>\n<p>Located on 11 acres at 4520 S. Semoran Blvd., the property opened its doors in 1986 and was renovated in 2013, when Walmart Neighborhood Market started operating at the site. More than 75 percent of the gross leasable area is occupied by Walmart, Chase Bank, Dollar Tree and Wendy\u2019s.<\/p>\n<p>The shopping destination is situated along South Semoran Boulevard, which has a daily traffic of 65,000 vehicles, according to TSCG\u2019s Blanco. There are at least 2 other Walmart stores within 3 miles of the property. Additionally, the site is 8 miles southeast of downtown Orlando.<\/p>\n<p>In June, Blanco led another TSCG team which <a href=\"https:\/\/www.commercialsearch.com\/news\/thompson-thrift-sells-charlotte-area-retail-center\/\">arranged the $7.1 million sale<\/a> of The Shops at Christenbury, an 11,350-square-foot retail property in Concord, N.C. The brokerage company represented the seller, Thompson Thrift Development, while Marcus &amp; Millichap assisted the buyer, Deville Developments.<\/p>\n<div><em>If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em><a href=\"https:\/\/www.surveymonkey.com\/r\/BrokersCorner\" target=\"_blank\" rel=\"noopener\"><strong><em>our short form<\/em><\/strong><\/a><em> or send your deal to <\/em><a href=\"mailto:deals@cpe-mhn.com\" target=\"_blank\" rel=\"noopener\"><strong><em>deals@cpe-mhn.com<\/em><\/strong><\/a><em>.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Anthony Blanco, Lenard Williams, Mallory Silva and Gavin Walsh assisted the seller, Weingarten Realty.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21742,1493,21749],"tags":[38909,33923,36861,35379],"class_list":["post-1004477776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-latest","category-orlando","category-retail","tag-anthony-blanco","tag-the-shopping-center-group","tag-walmart-neighborhood-market","tag-weingarten-realty-investors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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