Business

Continental Realty sells Fla. retail middle for $9.4M


Glenbrook Commons options a mixture of skilled companies, well being care and medical tenants. The middle is positioned lower than two miles from US Route 192, the main east/west thoroughfare to the Walt Disney World theme parks, situated 10 miles to the east. (Submitted picture)

Continental Realty Corporation (CRC), a Baltimore-based actual property funding and administration firm, accomplished the sale of a 64,707 sq. foot retail middle close to Orlando, Florida to CrossMarc Services for $9.4 million.

Located at 1714 US Highway 27, the fitness-anchored Glenbrook Commons was 98% occupied on the time of the gross sales transaction. The JLL Retail Capital Markets Investments Sales and Advisory group, led by Brad Peterson, Senior Managing Director, and Whitaker Leonhardt, Senior Director, dealt with advertising and gross sales actions on behalf of CRC.

Glenbrook Commons is situated on a 15.6-acre web site on the signalized intersection of Glenbrook Boulevard and US Highway 27. The middle options a mixture of skilled companies, healthcare, and medical tenants. The middle is positioned lower than two miles from US Route 192, the main east/west thoroughfare to the Walt Disney World theme parks, situated ten miles to the east. Glenbrook Commons is properly situated in a continued path of development.

At the time of CRC’s acquisition of Glenbrook Commons in 2016, the procuring middle was 24% occupied. CRC negotiated a lease settlement tobackfill the anchor emptiness in 2019 with Fitness CF, a domestically owned train and health middle which is energetic within the Central Florida area. Re-tenanting the anchor field kick-started leasing exercise for the remaining middle. Small-shop house was leased from 61% occupancy to 96% occupancy throughout CRC’s maintain. CRC additionally accomplished the parcelization of an current outparcel leased to AutoZone and offered the pad web site in early 2021.





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