ORLANDO—Capping a marketing process marked by intense interest from a number of potential buyers, Parkwood Plaza has traded hands. The multi-tenant shopping center sold for $10.2 million.
Agents at Colliers International Central Florida are pointing to the transaction as a prime example of how demand for retail investments is increasing in Orlando. Grocery-anchored shopping centers are still drawing an extremely high level of interest.
Cynthia Shelton and Kane Morris-Webster of Colliers represented the seller, which had owned the asset for more than 20 years. The buyer was Highyon Assets Corp, based in Canada.
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