{"id":1004495647,"date":"2020-11-25T06:45:13","date_gmt":"2020-11-25T14:45:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004495647"},"modified":"2020-11-25T06:45:13","modified_gmt":"2020-11-25T14:45:13","slug":"suburban-orlando-retail-center-trades-for-26m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/suburban-orlando-retail-center-trades-for-26m\/","title":{"rendered":"Suburban Orlando Retail Center Trades for $26M"},"content":{"rendered":"
\"\"<\/a>

Osceola Village. Image via Google Street View<\/em><\/p><\/div>\n

East Coast Acquisitions has acquired Osceola Village, a 122,845-square-foot, Publix-anchored retail center in Kissimmee, Fla., from an affiliate of Glenborough LLC. JLL Capital Markets brokered the $26.3 million transaction, which included three adjacent retail pad sites.<\/p>\n

The property is located at 3040 Dyer Blvd. in northern Kissimmee, 17 miles south of central Orlando. The 20.3-acre site is part of a prominent retail cluster adjacent to U.S. Route 17, 6 miles east of Disney World. More than 87,000 people reside within 3 miles of the asset.<\/p>\n

Built in 2008, the shopping center was 82.4 percent leased at the time of the transaction. In addition to the anchor, the property’s tenants include DaVita, Orlando Health and Visionworks.<\/p>\n

Senior Managing Director Brad Peterson, Senior Director Whitaker Leonhardt and Associate Tommy Isola made up the JLL team representing the seller.<\/p>\n

Earlier this year, another Publix-anchored shopping center changed hands for nearly $10 million. The 67,000-square-foot Tampa Bay property<\/a> sold in a 1031 exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"

Glenborough LLC sold the nearly 123,000-square-foot Kissimmee property. Publix anchors the asset.<\/p>\n","protected":false},"author":739,"featured_media":1004506924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,1493,21749],"tags":[33967,34752,32796],"class_list":["post-1004495647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-orlando","category-retail","tag-brad-peterson","tag-glenborough-llc","tag-jll"],"acf":[],"yoast_head":"\nSuburban Orlando Retail Center Trades for $26M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/suburban-orlando-retail-center-trades-for-26m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suburban Orlando Retail Center Trades for $26M\" \/>\n<meta property=\"og:description\" content=\"Glenborough LLC sold the nearly 123,000-square-foot Kissimmee property. 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