JLL Arranges $23.6 Million Sale of 214,489-Square-Foot Open-Air Center in Metro Orlando

by Katie Sloan

Sanford, Fla. — JLL Capital Markets has arranged the $23.6 million sale of Gateway Plaza, a 214,489-square-foot, open-air retail center in Sanford, roughly 20 miles outside Orlando.

Brad Peterson and Whitaker Leonhardt of JLL represented the seller, an affiliate of Apollo Global Management, in the disposition of the property to Greenberg Gibbons Commercial Corp. Greenberg acquired the property through its Greenberg Gibbons Real Estate Income Fund, which launched in March 2021 for the strategic acquisition of shopping centers across the East Coast, Southeast and Midwest.

Originally developed in 1995, Gateway Plaza is anchored by Floor & Décor, Ashley Furniture, Collier’s Furniture Expo, Bed Bath & Beyond, Michaels and Dollar Tree. The property was 95.4 percent leased at the time of sale and is located at 101-241 Towne Center Blvd. across from the 1.1 million-square-foot Seminole Towne Center Mall. 

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