Weingarten Realty Investors Sells Power Center in Central Florida

by Alex Tostado

Sanford, Fla. — Weingarten Realty Investors has sold the Marketplace at Seminole Towne Center, a 484,520-square-foot retail center in Sanford, Florida, to a partnership between Fairbourne Properties and CBRE Global Investors.

The center was 99.1 percent leased at the time of the sale to tenants including Big Lots, Marshalls, Stein Mart, Ross Dress for Less, Old Navy, Ulta Beauty, Five Below, Petco, Party City, Cost Plus World Market, Smokey Bones, America’s Best, PNC Bank, Chipotle Mexican Grill, Massage Envy, Panera Bread and AT&T. Brad Peterson, Michael Brewster and Whitaker Leonhardt of HFF represented the seller in the transaction. The sales price was not disclosed.

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