Miami-based Limestone Asset Management purchased the 411,503-square-foot Millenia Plaza retail center in Orlando, FL for $74.1 million.
The super-regional, open-air center currently has 11 tenants, including The Home Depot, BJ's Wholesale Club, Ashley Furniture, Dick's Sporting Goods, Total Wine & More and Ross Dress for Less.
This purchase adds to Limestone Asset Management's $22.7 million purchase of seven single-tenant outparcels at Mall at Millenia in 2020 and Limestone's $10.4 million purchase of two outparcels around Mall at Millenia in 2021, bringing its total assemblage of outparcels around Mall at Millenia to 529,766 square feet. Limestone Asset Management invests in and acquires real estate properties over all asset classes throughout North America.
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Kevin Sanz of Orion Real Estate Group led the acquisition for the buyer, Limestone Millenia Plaza LLC. Brad Peterson and Whitaker Leonhardt of JLL represented the seller, Millenia Plaza LLC. Ocean Bank is providing financing.
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