Phillips Edison pays $69.1M for Publix-anchored Oviedo center
The 168,532-square-foot Seminole County center is 96% occupied; JLL represented a seller joint venture that includes MCB Real Estate.
At a glance
Phillips Edison acquired Alafaya Square, a 168,532-square-foot Publix-anchored shopping center in Oviedo, Florida, for $69.1 million, Connect CRE reported.
The 96%-occupied center sits on roughly 21.1 acres in Seminole County, within the Orlando metro.
JLL described the sale as the largest single-asset retail sale in Seminole County history.
Phillips Edison acquired Alafaya Square, a 168,532-square-foot Publix-anchored shopping center in Oviedo, Florida, for $69.1 million, Connect CRE reported. JLL represented the seller, a joint venture between MCB Real Estate and an institutional investor.
The 96%-occupied center sits on roughly 21.1 acres in Seminole County, within the Orlando metro. It is at 81 Alafaya Woods Blvd., with access to Alafaya Trail, State Road 434 and State Road 417, per the report. The price is about $410 per square foot.
Tenants alongside Publix include Planet Fitness, IHOP, Keller Williams, Froggers Grill & Bar and Arcade Monsters.
JLL described the sale as the largest single-asset retail sale in Seminole County history. JLL's capital markets brokers on the deal were Danny Finkle, Jorge Portela and Evan Lahr.
MCB Real Estate, the seller joint venture partner, also recently took part in a 421,182-square-foot cross-dock purchase in Laredo, Texas, with Vinecrest Capital.
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