ORLANDO—Central Florida retail is still turning investor heads. A Starbucks-anchored retail center near Disney and a Publix-anchored shopping center in Cocoa Beach have traded hands.
The Shopping Center Group (TSG) inked the deals on the retail malls, which are in two popular tourist markets. With these transactions on the books, TSG has closed more than $130 million on 10 deals since January.
“Florida's retail market has rebounded, and there is a great deal of appetite for retail investment opportunities around the state,” says Anthony Blanco, director of investment sales at TSG. “Despite a rise in interest rates this year, pricing remains strong and is largely due to the lack of high quality retail centers.”
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