JV Lands Equity, Construction Financing for FL Retail Project
- Mar 02, 2018
A joint venture between O’Connor Capital Partners and LaSalle Investment Management received joint venture equity and construction financing for the development of Vineland Pointe, a regional lifestyle and entertainment center in Orlando, Fla. HFF‘s equity and debt placement team of Senior Managing Director Danny Finkle and Director Brian Gaswirth arranged the financing and worked to place the construction loan with Wells Fargo Bank.
Vineland Pointe will comprise 470,000 square feet upon completion of its three phases by mid-2019. Phase one, which began in the summer of 2017, will offer 225,000 square feet focused on off-price retailers such as Lucky’s Market, Marshalls, Ross Dress for Less and Burlington. Phase two will feature 115,500 square feet and focus on entertainment uses with tenants like Alamo Theaters. Phase three will encompass 136,000 square feet and offer lifestyle tenants. The project is also adjacent to the Orlando Vineland Premium Outlets, a top-10 performing mall and top-two outlet mall in the U.S.
Vineland Pointe is being designed by Eleven18 Architecture and Harris Civil Engineers is serving as project engineer. The development is situated in the heart of Orlando’s tourist corridor, on 69 acres of land adjacent to Interstate 4 along Daryl Carter Parkway.
“O’Connor Capital Partners has once again identified a fortress retail location, which will benefit from the outstanding fundamental growth of Orlando,” said Finkle in prepared remarks. “Vineland Pointe has attracted some of the most desirable tenants in the market and is positioned to become one of the best performing retail properties in the country.”
Rendering courtesy of Vineland Pointe