TSCG Brokers Sale of Two Florida Retail Centers

by Nate Hunter

Orlando and Fernandina Beach, Fla. — The two properties include Millenia Crossing and Shops at Amelia Market.

Millenia Crossing in OrlandoOrlando and Fernandina Beach, Fla.  — Two shopping centers in Florida, which total 153,529 square feet, have sold for an aggregate purchase price of approximately $41.3 million. The properties include the 100,385-square-foot Millenia Crossing in Orlando, which sold for $34.5 million. The center was built in phases in 2009 and 2012. The first Nordstrom Rack in Orlando anchors the property, which is fully occupied. The Shopping Center Group represented the seller, an affiliate of Madison, Wis.-based EJ Plesko and Associates. The buyer was an affiliate of The Morris Cos., based in New Jersey.

The Shopping Center Group also brokered the sale of the 53,144-square-foot Shops at Amelia Market in Fernandina Beach. The purchase price was approximately $6.8 million, according to The Jacksonville Business Journal. Built in 2000, the Shops at Amelia Market is 91 percent leased and anchored by the only Harris Teeter in Florida. The Shopping Center Group represented the seller, EDENS, in the transaction. An Atlanta-based affiliate of The Simpson Organization purchased the property.

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