CBRE Closes Sale of 550 KSF Mall near Orlando
ByOrlando—CBRE has arranged the sale of Oviedo Mall, a 554,973-square-foot retail property in the Orlando area, the company announced recently. The shopping center was sold to an affiliate of Ilbak Investments, and according to public records as reported by the Orlando Sentinel, the asset traded for $15.3 million. CBRE’s executive vice presidents Dennis Carson and Casey Rosen represented the seller, Oviedo Fund LLC.
Located at 1700 Oviedo Mall Blvd., in Oviedo, Fla., at the interchange of the Central Florida GreeneWay (State Road 417) and Red Bug Lake Road, Oviedo Mall totals 950,000 square feet, of which only 554,973 were part of the transaction. The mall site totals more than 95 acres, of which 54 were included in the sale. Regal Cinemas, Sears and Dillard’s department store are the malls anchor tenants. The department store wasn’t part of the sale…
