IPA Brokers $9.9 Million Sale of 62,460-Square-Foot Retail Center in Orlando

by Katie Sloan

Orlando, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $9.9 million sale of Bridgewater Commons, a 62,460-square-foot retail center located in Orlando. The property is anchored by Winn-Dixie and was leased to tenants including Subway, Avalon Dance Studio, Two Guys Pizzeria, Amigos Barbershop, New Shang Hai Restaurant, Winn Dixie Liquors and Greenberg Dental at the time of sale. The center, which was built in 1998, is shadow-anchored by a CVS/pharmacy that was not included in the transaction. Kirk Olson and Drew Kristol of IPA represented the seller, Harry Spitzer of HS Capital, and procured the buyer, FrostPoint Capital, in the transaction.

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