Aug
17
Orlando Power Center Changes Hands
ByHFF arranged the $121 million sale of The Crosslands and secured $49 million in financing for the new owner.
The Crosslands
Orlando—HFF did double duty recently with the sale of The Crosslands, a 530,816-square-foot power center in Kissimmee, Fla. The firm closed on the $121 million sale and arranged $49 million in financing for the new owner.
HFF brokered the sale on behalf of the sellers,O’Connor Capital Partners and Tupperware Brands Corp., who jointly developed the 71-acre shopping center near Orlando. The Hampshire Cos., a Morristown, N.J.-based privately held real estate firm and real estate investment fund manager, was the buyer. O’Connor, which has its headquarters in New York City and offices in Palm Beach, Fla., and Mexico City, is retaining an interest in the property and continuing with leasing and management responsibilities…
