Orlando-Area Retail Center Sells for $11M

CBRE has arranged the sale of Winter Garden Regional Shopping Center located in Winter Garden Fla., a growing submarket of Orlando.
Winter Garden Regional Shopping Center

Core Winter Garden LLC has acquired Winter Garden Regional Shopping Center, a 128,973-square-foot retail space in Winter Garden, Fla., for $11.4 million. CBRE exclusively represented the seller, Amera Winter Garden Ltd., in the deal.

Located at 14001 W. Colonial Drive, the shopping center is some 14 miles from downtown Orlando. More than 103,000 people live within a five-mile radius, with an average household income of $70,500. Anchor tenants of the asset include Aldi, Harbor Freight Tools, Dollar General and Orange County Tax Collector. Additionally, the asset has 16,427 square feet of vacant space.

“Winter Garden is experiencing a complete renaissance, drawing new residents and visitors to the area,” said Daniel Baker, first vice president at CBRE, in prepared statements. “There are several new developments and re-purpose projects creating an exciting new vibe along the West 50 corridor.”

CBRE’s Baker, David Donnellan and Patricia Friend arranged the sale on behalf of the seller.

Image courtesy of CBRE