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Seller of Distressed Retail Makes 98% Profit

ORLANDO—CPAC tapped CREC to lease and manage the shopping center and was able to improve occupancy from 50% to nearly 90% over a three-year period.

By Jennifer LeClaire | Updated on September 04, 2014

ORLANDO—Savvy investors are starting to see the fruits of their distressed asset investments. A Continental Properties Acquisition Corporation (CPAC) entity just sold a once-distressed 25,000-square-foot shopping center.

Located in the heart of Clermont just outside Orlando, the CPAC affiliate sold Hancock Village Shopping Center for $4.25 million. The firm acquired the retail asset in May of 2011 for $2.1 million.

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