Stan Johnson Company Completes Sale of Shoppes at Celebration Place in Orlando, Florida for $29.5 Million
Orlando, Fla. – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of the Shoppes at Celebration Place, a 44,095-square-foot retail center located at 6200-6296 West Irlo Bronson Memorial Highway in Celebration, Florida. The property was acquired by New York-based Ben Hur Investments for $29.5 million.
Stan Johnson Company’s team of Joey Odom, Mike Sladich, KB Yabuku, and Maggie Holmes represented both the seller, South Florida-based Flagler Realty & Development, and the buyer.
The Shoppes at Celebration Place is ideally located adjacent to Disney’s corporate offices and just minutes from Walt Disney World Resort, the world’s most visited theme park destination with 55 million visitors annually. The center is 100 percent leased to a diverse mix of national and regional retailers, including Walgreens, Applebee’s, Arby’s, Dunkin’ Donuts, Chipotle, Five Guys, and more.
“Given the stellar location and Stan Johnson Company’s extensive marketing reach, we had interest from buyers across the U.S. and internationally,” said Joey Odom, Regional Director in Stan Johnson Company’s Atlanta office. “After a thorough bid process, which included institutional and private investors, we selected a New York-based private investor who performed flawlessly.”
Odom added, “the West Palm Beach-based developer did an absolute first-class job delivering an A+ quality property. This is truly generational real estate, and the buyer was primarily motivated to own a trophy property at the doorstep of Walt Disney World.”
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses exclusively on net lease transactions involving retail, office, industrial, healthcare and sale leaseback properties. The firm provides acquisition, disposition, capital markets and advisory services for institutions, developers, investment funds and private investors across the United States. Now in its fourth decade of service as a trusted advisor to its valued clients, Stan Johnson Company has completed more than $30 billion in transactions nationwide and is regarded as the Net Lease Authority®. To learn more about Stan Johnson Company, please visit the recently enhanced website at www.stanjohnsonco.com.