Winter Garden, Fla. — CBRE has brokered the sale of Winter Garden Village, a 629,326-square-foot power center located in Winter Garden, a western suburb of Orlando. The Orlando Business Journal reports that an affiliate of New York City-based RREEF Property Trust purchased the center for $165 million. Dennis Carson, Casey Rosen, Michael Etemad and Sriram Rajan of CBRE represented the seller, Beachwood, Ohio-based SITE Centers, in the transaction. Curbline Properties, an affiliate of SITE Centers, retained 130,563 square feet of single- and multi-tenant outparcels at Winter Garden Village.
The retail center was 89 percent leased to tenants including Bealls, Best Buy, Burlington, Marshalls/HomeGoods, Ross Dress for Less and Ulta Beauty at the time of sale.