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ORLANDO, FLA. —The Lightstone Group, along with Paragon Outlet Partners, has acquired Festival Bay Mall, which is located at 5250 International Dr. in Orlando. Situated on 139 acres, the 750,000-square-foot shopping center sold for $25 million. Lightstone plans to reposition the asset. The property is currently occupied by a variety of tenants, including Bass Pro Shops Outdoor World, Cinemark 20 Theatres, Ron Jon Surf Shop, Sheplers Western Wear and Vans Skatepark.