Global Acquires Two Central Florida Publix-Anchored Shopping Centers

Dec 26, 2013 No Comments by

Global Fund Investments has acquired a 167,400-square-foot grocery-anchored shopping center portfolio located in Central Florida.

The portfolio is comprised of two Publix Super Market anchored centers: Lake Cay Commons in Orlando and The Shoppes at Glen Lakes in Weeki Wachee, a suburb of Tampa. Both centers were built in 2008. The portfolio was acquired from Wells Fargo, which foreclosed on the properties in 2012.

Lake Cay Commons is approximately 100,800 SF, anchored by Publix and includes additional office and retail space available for lease. Lake Cay is located in the heart of Orlando, within a few minute drive from Sea-World and Universal Studios, across the street from University of Central Florida’s School of Hospitality and adjacent to the Orlando Convention Center.

The Shoppes at Glens Lakes consists of 66,600 SF retail space, located at the entrance to the Glen Lakes subdivision, the premier neighborhood in the area.

Global will manage and lease the portfolio.

Global’s Managing Partner, Doron Valero, stated, “We are pleased to have concluded another acquisition of value-add super market anchored properties, for which our group’s operational strength and relationships with key tenants may help unlock and create value to our investors,”

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Industry News, NA, Retail
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