Equity One chairman and CEO Chaim Katzman says he has a letter of intent outstanding for 2,600 sf of the vacant space. He calls the acquisition at this time "an excellent addition to our Orlando portfolio and reinforces our position as the leading owner of neighborhood shopping centers in Florida and throughout the southern United States."

The property is debt-free and the acquisition was funded from Equity One's existing line of credit, Katzman says. A 51,255-sf Winn-Dixie Supermarket anchors the center which was completed in 1998 on a 9.5-acre site at the intersection of John Young Parkway and State Road 417 within the master-planned, 4,000-acre Hunters Creek mixed-use community.

Katzman says the three-mile trade area has a population of 47,000 with an average household income over $68,000. Several new housing communities are either under construction or are planned near Hunters Creek Plaza.