“The Crosslands' unique combination of location, accessibility and visibility made this an ideal position for several of the industry's most sought after retailers and a highly-desirable investment opportunity,” says Daniel Finkle, senior managing director and co-head of HFF's Retail Group. HFF senior managing director Jon Mikula, along with managing directors Chris Drew and Michael Klein and associate director Brian Gaswirth, worked with Finkle on the deal.

Phase I was built in 2014. Phase II is set to be complete in the fourth quarter of 2016. Overall, the two phases are 99% leased to a roster of national and regional retailers, including The Fresh Market, 24 Hour Fitness, Burlington Stores, Academy Sports, Havertys Furniture, Hobby Lobby, Marshalls, HomeGoods, Forever21 RED, PetsMart, Five Below, Boot Barn, Cheddar's Scratch Kitchen, Dollar Tree, Party City and Outback Steakhouse.

Retail sales highlight consumer optimism and a favorable local economic climate, according to Cushman & Wakefield's first-ever Florida Population Report. The report examines population trends and its economic impact throughout the state of Florida.

Florida's economy enjoyed elevated consumer confidence despite uncertainty at the national level caused by the upcoming presidential campaign. Retail and hospitality also contributed to the state's stellar employment performance.

“We foresee this optimism prevailing in the short term,” Chris Owen, Florida research manager at CushWake, tells GlobeSt.com. “All of the relevant indicators suggest Florida will remain one of the nation's premier live-work-play destinations.”

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

Walt Disney World

ORLANDO—The Crosslands, a 530,816-square-foot grocery-anchored power center in Kissimmee, FL, has traded hands. HFF closed the $121 million sale and arranged $49 million in financing.

HFF represented the seller, O'Connor Capital Partners, in partnership with Tupperware Brands Corporation. O'Connor Capital Partners is retaining an interest, as well as management and leasing responsibilities for the retail property. HFF placed a seven-year, fixed-rate loan with Principal Real Estate Investors.

“The Crosslands represents an exceptional opportunity to capitalize on the strong economic and demographic trends in one of the most sought after submarkets in the Southeastern United States,” says William Q. O'Connor, CEO of O'Connor Capital Partners. “Orlando is one of the top-performing markets in the country, with strong supply and demand fundamentals driving tremendous economic and employment growth, which is a positive indicator for continued top performance for well-located assets such as The Crosslands.”

Sitting on 71 acres at 601-751 Centerview Boulevard and 740-874 West Osceola Parkway, the recently-developed retail center is at the intersection of West Osceola Parkway and Orange Blossom Trail (State Road 441). This is the regional retail epicenter for Kissimmee. The retail asset is less than eight miles from Walt Disney World, Sea World and Universal Studios.

“The Crosslands' unique combination of location, accessibility and visibility made this an ideal position for several of the industry's most sought after retailers and a highly-desirable investment opportunity,” says Daniel Finkle, senior managing director and co-head of HFF's Retail Group. HFF senior managing director Jon Mikula, along with managing directors Chris Drew and Michael Klein and associate director Brian Gaswirth, worked with Finkle on the deal.

Phase I was built in 2014. Phase II is set to be complete in the fourth quarter of 2016. Overall, the two phases are 99% leased to a roster of national and regional retailers, including The Fresh Market, 24 Hour Fitness, Burlington Stores, Academy Sports, Havertys Furniture, Hobby Lobby, Marshalls, HomeGoods, Forever21 RED, PetsMart, Five Below, Boot Barn, Cheddar's Scratch Kitchen, Dollar Tree, Party City and Outback Steakhouse.

Retail sales highlight consumer optimism and a favorable local economic climate, according to Cushman & Wakefield's first-ever Florida Population Report. The report examines population trends and its economic impact throughout the state of Florida.

Florida's economy enjoyed elevated consumer confidence despite uncertainty at the national level caused by the upcoming presidential campaign. Retail and hospitality also contributed to the state's stellar employment performance.

“We foresee this optimism prevailing in the short term,” Chris Owen, Florida research manager at CushWake, tells GlobeSt.com. “All of the relevant indicators suggest Florida will remain one of the nation's premier live-work-play destinations.”

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.