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THE SHOPPING CENTER GROUP BROKERS $26.6M SALE OF TWO ORLANDO CENTERS

ORLANDO, FLA. — The Shopping Center Group has brokered the sale of two Orlando shopping centers for an aggregate purchase price of $26.6 million. Orange Blossom Center, a fully leased, 161,000-square-foot asset in south Orlando, sold for approximately $16.3 million. The center’s tenant roster includes Save-A-Lot, Planet Fitness, CitiTrends and Walgreens, which wasn’t included in the sale. The Shopping Center Group represented the seller, an affiliate of California-based PICOA Inc., in the transaction. A private investor from New York was the buyer. Additionally, Century Plaza, a fully leased, 135,000-square-foot shopping center in east Orlando, sold for $10.3 million. The asset’s tenant roster includes Aldi, Ross Dress for Less, Big Lots and dd’s Discounts. The Shopping Center Group represented the seller, Kimco Realty, in the sale of the asset to ARC Centers.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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