4 Florida Retail Properties Included In $307 Million Portfolio Sale

Hunter’s Creek, a 227,536-sq.-ft. Publix-anchored shopping center at 3900-4140 Town Center Boulevard in Orlando.

Lakewood Promenade, a 195,339-sq.-ft. Winn-Dixie/SteinMart-anchored center at 1500-1670 University Boulevard W in Jacksonville.

Northdale, a 175,917-sq.-ft. center with a TJ Maxx, Bealls and Sweetbay Grocery at 3805-3845 Northdale Boulevard in Tampa.

Burnt Store, a 95,023-sq.-ft. center with a Publix and Home Depot at 3941 Tamiami Trail in Punta Gorda.

“We intended to bring this portfolio to market, but as soon as Kite Realty learned of the offering, they moved quickly to secure and capitalize on an off-market opportunity,” said CBRE Senior Vice President Dennis Carson.  “It was a win–win for both sides, with Kite buying a quality portfolio that enhances their market coverage and overall balance sheet, and the seller executing a successful planned sale ahead of schedule.” “This was a highly collaborative effort involving CBRE investment sale teams from four offices,” said CBRE Senior Vice President Cliff Taylor. “This allowed the seller to benefit from a unique combination of investment sale experience as well as deep property and market knowledge.” In addition to Carson, Taylor and Rosen, the CBRE team representing the seller included Chris Cozby, Chris Gerard, and Kevin Holland with CBRE’s National Retail Investment Group in Dallas; and Chris Decoufle and Kevin Reavey with CBRE’s National Retail Investment Group in Atlanta.]]>