Orlando

The new location it is expected to open for business in the fourth quarter of 2020.

Locally-based Nicole Crafts, the parent company of A.C. Moore, announced that it was exiting its retail operations and has hired the retail and real estate divisions of Gordon Brothers to close the A.C. Moore stores located from Maine to Florida.

The properties were sold by Angelo Gordon of New York City and Commercial Florida Realty Partners.

Traff served as VP at Madison Marquette for the past eight years where she focused on the retail leasing of mixed-use lifestyle centers, grocery-anchored shopping centers and ground-up development.

DeBartolo and Encore completed the property in April 2019 and had been moving quickly through the lease-up phase of the property located at 7995 Haven Way in Kissimmee.

Savlan purchased the development from Lichtman Nass Development Group, LLC for $28 million, which calculates out to $84,337 per unit.

Investments in Orange, Seminole, Lake, Osceola and Volusia counties will be given first priority; though other investments across Florida could also be considered.

The groundbreaking ceremony followed last month's announcement that National Realty Investment Advisors and U.S. Construction closed on a $73-million loan from CIM to begin construction on their Ocean Delray development.