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December 2, 2019 Comments Off on Grocery-Anchored Retail Center Trades for $7M in Orlando Views: 651 Central Florida, Florida News

Grocery-Anchored Retail Center Trades for $7M in Orlando

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JLL has brokered the $7 million sale of Silver Hills Shopping Center, a 109,001-square-foot, grocery-anchored retail center anchored by Presidente Supermarket in Orlando.

Anchored by a new Presidente Supermarket, the 97% leased center is also home to tenants CitiTrends, Badcock Furniture & More, AutoZone, Family Dollar, Pizza Hut, A+ Nails and Metro PCS. The center was built in 1964 and has been renovated multiple times, most recently in 2019. Situated on nearly 10 acres at 2702 North Pine Hills Rd., Silver Hill Shopping Center is in an infill location five miles west of downtown Orlando and at the signalized intersection of Silver Star Road and Pine Hills Road.

Brad Peterson, Whitaker Leonhardt and Michael Brewster of JLL, in conjunction with Ten-X, represented the private seller in the transaction. The buyer, a private South Florida-based investor, was represented by Joe Valls Retail RE Broker.

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