ATLANTA (July 26, 2023) – SRS Real Estate Partners today announced the $7.475 million sale of Leesburg Marketplace, a 81,071-square-foot multi-tenant retail center located at 1101 W. North Boulevard in Leesburg, FL.
SRS Managing Principals Kyle Stonis and Pierce Mayson represented the seller, a private investor based in Florida. The property was purchased by Florida-based JTT Eagles, LLC.
Situated on 9.35 acres in a primary commercial and traffic corridor, the neighborhood center is 90% occupied and anchored by Ollie’s Bargain Outlet and Dollar Tree.
“Retail assets in Central Florida are still receiving significant interest and activity despite recent capital markets challenges,” said Mayson. “Investor appetite for proven discount tenants and well-located product remains strong and it continues to pencil.”
Located 40 miles northwest of Orlando and 12 miles south of The Villages, Leesburg Marketplace fronts US-441, a primary retail and commuter corridor, and includes several national retail tenants.
In 2022, SRS’ Investment Properties Group (IPG) and National Net Lease Group (NNLG) completed more than $2.8 billion in deal volume comprised of 705 transactions in 49 states. SRS currently has in excess of 550 properties actively on the market with a market value surpassing $2.8 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with more than 25 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com