SRS Real Estate Partners has arranged the $22.7 million sale of a seven-property net-leased retail portfolio totaling 104,188 square feet in Orlando.
The properties are outparcels to the Mall of Millenia, a 1.1 million-square-foot regional shopping mall located at 4200 Conroy Road in Orlando. The Mall of Millenia is anchored by Macy’s, Neiman Marcus, and Bloomingdale’s and is one of Orlando’s premier luxury shopping destinations. The properties include six retail properties and one office building and were built over a time period ranging from 2003 to 2007. The portfolio features a tenant roster that includes BJ’s Brewhouse, DSW, Ethan Allen, Old Navy, Olive Garden and West Elm. The office property is occupied by Ingenus Pharmaceuticals.
Patrick Luther, Matthew Mousavi and Patrick Nutt of SRS, along with Gradon Willard of BluRock Commercial Real Estate, represented the Orlando-based seller, who was the original developer of the property. The buyer was Limestone Asset Management, an affiliate of Orion Real Estate Group.