ORLANDO—The Crosslands, a 530,816-square-foot grocery-anchored power center in Kissimmee, FL, has traded hands. HFF closed the $121 million sale and arranged $49 million in financing.
HFF represented the seller, O'Connor Capital Partners, in partnership with Tupperware Brands Corporation. O'Connor Capital Partners is retaining an interest, as well as management and leasing responsibilities for the retail property. HFF placed a seven-year, fixed-rate loan with Principal Real Estate Investors.
“The Crosslands represents an exceptional opportunity to capitalize on the strong economic and demographic trends in one of the most sought after submarkets in the Southeastern United States,” says William Q. O'Connor, CEO of O'Connor Capital Partners. “Orlando is one of the top-performing markets in the country, with strong supply and demand fundamentals driving tremendous economic and employment growth, which is a positive indicator for continued top performance for well-located assets such as The Crosslands.”
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