Retail Center Nets Record $190 per SF

ORLANDO-In the largest retail deal of the year to date, based on the per-sf price, two-year-old Shoppes at Lake Avenue, a 64,543-sf neighborhood shopping center anchored by Winn-Dixie Stores Inc. in Orlando’s affluent tourist hub, sold for $12.3 million or $190.57 per sf.

CH Enterprises LLC sold the 99%-occupied property on Apopka-Vineland Road to Shoppes at Lake Avenue Inc. Both are Central Florida-based companies. The deal was crafted by Susan Lawrence just one month after she resigned her vice president’s position at locally based Xentury City Development Co. Lawrence, a longtime California and Orlando broker, is president and CEO of newly formed Real Estate Strategies Inc.