ATLANTA, GEORGIA (November 10, 2021) – SRS’ Investment Properties Group exclusively marketed and brokered the sale of Kissimmee Korners, an 83,340-square-foot neighborhood center anchored by Cano Health. The unique, multi-building center has a diverse, e-commerce resistant tenant mix such as Kissimmee Produce Market, T-Mobile, Florida Optical, Rent-A-Center, and more. Kissimmee Korners is situated on 6.51 acres of land at an exceedingly high-traffic signalized intersection of two of Kissimmee’s busiest thoroughfares, West Vine Street and North John Young Parkway, which accommodates a tremendous, combined traffic counts of 88,000 vehicles per day. Additionally, Kissimmee Korners’ strategic location in the heart of Kissimmee is within the Orlando MSA, a rapidly growing market which continues to be at the top of the list for retail investors. Kissimmee Korners, LLP sold the property on October 21, 2021, for $14.25 million to WWX2, LLC.
“Kissimmee Korners is a solid property in a dense and fast-growing Orlando submarket. There was an abundant amount of interest very quickly, and we were able to find a buyer and close in only 60 days,” said Kevin Yaryan, senior vice president of SRS’ Investment Properties Group. “The tremendous activity and interest we had from private investors is a testament to the elevated appetite we continue to see for Florida Shopping Centers.”
Kevin Yaryan, senior vice president, of SRS’ Investment Properties Group in the Orlando office, along with Kyle Stonis, managing principal, and Pierce Mayson, managing principal, of the Investment Properties Group in the SRS Atlanta office, represented the seller in the transaction. The buyer was represented by Houwen Zhou of Lokation Real Estate.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 25 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, and investment services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.