Orlando, Fla. — Colliers has negotiated the sale of the Shoppes at South Semoran, a 103,830-square-foot retail center located in Orlando, six miles directly north of the Orlando International Airport. Originally built in 1986, the property was renovated in 2013 with façade enhancements, as well as signage and parking lot improvements. Walmart Neighborhood Market anchors the property, which was 99 percent leased at the time of sale. Additional tenants include Dollar Tree, Wendy’s and Suncoast Credit Union.
Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, an affiliate of Core Investment Properties Fund, in the transaction. The buyer was an affiliate of Newport Capital Partners. Ben Greazel, also of Colliers, arranged acquisition financing with Tyler Kurau of Ameris Bank.