RVI Sells Power Retail Center in Orlando for $56.4 Million

Orlando, Fla. — Retail Value Inc. (RVI) has sold the fully leased Millenia Plaza, a 411,503-square-foot power retail center in Orlando, Florida, for $56.4 million.

North American Development Group purchased the center, which is located six miles southwest of downtown Orlando. Tenants include The Home Depot, BJ’s Wholesale, Ashley’s Furniture, Dick’s Sporting Goods, Total Wine & More, Ross Dress for Less, David’s Bridal, Five Below, Visionworks, Millenia Nail Lounge and Mattress Firm. Brad Peterson, Whitaker Leonhardt and Tommy Isola of HFF represented RVI, which is a subsidiary of SITE Centers Inc., in the transaction.