HFF Closes Sale Of Orlando Power Center

May 18, 2015 No Comments by

Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale of International Drive Value Center, a 185,704-square-foot, 98.2-percent-leased power center in Orlando.

HFF arranged the sale of the property on behalf of the seller, a partnership between Weingarten Realty Investors and an institutional partner.

International Drive Value Center is anchored by multiple national and regional tenants, including Bed Bath & Beyond, Ross Dress for Less, T.J. Maxx, dd’s DISCOUNTS, Five Below and Dollar Tree. The center spans 22.6 acres and is located at 5295 International Drive. The property is approximately six miles from downtown Orlando, 8.5 miles northeast of Walt Disney World® and less than one mile southeast from Universal Studios.

The HFF investment sales team representing the seller was led senior managing director Brad Peterson, associate director Whitaker Leonhardt and real estate analysts Michael Brewster and Anthony Frogameni.

 

“International Drive Value Center is an iconic fixture on northern International Drive, which is one of the most recognizable and highly sought after entertainment and shopping destinations on the East Coast,” Peterson said. “Orlando’s booming tourism industry and overall economic health have had a profound effect on the success of shopping centers across Orlando’s tourist corridor, especially International Drive Value Center.”

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Industry News, NA, Retail
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