This Orlando Retail Sale is Truly Unique

ORLANDO—Orlando’s retail market is gaining momentum, with tightening vacancy and growing investor interest. The latest example is the $37.3 million sale of Colonial Landing, a leasehold interest in a 259,024-square-foot retail power center there.

HFF senior managing director Brad Peterson, associate director Whitaker Leonhardt and real estate analyst Anthony Frogameni marketed the retail property on behalf of the seller, a joint venture between Weingarten Realty Investors and other private investors. Retail Centers of America, advised by Lincoln Retail REIT Services, a division of Lincoln Property Company, purchased the asset free and clear of existing debt.