Real Estate
Colliers announces the sale of Shoppes at South Semoran in Orlando, FL
Colliers| U.S has announced the sale of Shoppes at South Semoran, a premier grocery-anchored retail center.
Orlando, FL, August 5, 2025 – Colliers| U.S has announced the sale of Shoppes at South Semoran, a premier grocery-anchored retail center located in the densely populated corridor along South Semoran Blvd, directly north of Orlando International Airport. The 103,830-square-foot-property at 4520 S Semoran Blvd is currently 99% occupied.
Brad Peterson, Vice Chairman at Colliers, and Whitaker Leonhardt, Executive Vice President at Colliers, represented the seller, an affiliate of Core Investment Properties Fund, in the sale of Shoppes at South Semoran. The buyer was an affiliate of Newport Capital Partners. Ben Greazel, Vice Chairman at Colliers, arranged the acquisition financing with Tyler Kurau of Ameris Bank.
Built in 1986 and significantly remodelled in 2013, Shoppes at South Semoran is grocery-anchored shopping center with a Walmart Neighborhood Market as well as notable national and regional tenants Dollar Tree, Wendy’s, and Suncoast Credit Union. The property recently underwent capital projects that included façade, signage, and parking lot improvements.
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“This off-market transaction marks nearly $140 million in sales and financings in Central Florida that our team has led so far in 2025,” said Leonhardt. “The Orlando MSA continues to attract commercial real estate investment from top-tier investors, especially for grocery-anchored retail centers. The population, job, and wage growth, combined with tremendous infrastructure and major economic drivers, all lead to rent growth, strong occupancy, and healthy retailer sales performance, the combination of which checks all the boxes for institutions looking to invest in growth markets like Orlando.”
About Colliers
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Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fueled by visionary leadership, significant inside ownership and substantial recurring earnings. With over $5.0 billion in annual revenues, a team of 24,000 professionals, and more than $100 billion in assets under management. Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
About Core Investment Properties Fund
CORE is a private investor specializing in value-add retail properties within the major metropolitan areas of Florida. Over the past 10 years, principals of CORE have been actively investing along their target retail strategy combining diverse backgrounds in finance, accounting, leasing and capital markets. In total, CORE owns and manages over 2,500,000 square feet of retail and maintains a vertically integrated platform with its affiliate Core Properties Group (CPG) that includes in-house property management, leasing, asset management and accounting.
About Newport Capital Partners
Newport Capital Partners is a leading vertically-integrated real estate investment management firm that specializes in the acquisition, value-add execution and management of neighborhood and community retail shopping centers. Formed in 2004, Newport is based in Chicago, IL. The Firm is a Registered Investment Adviser and a certified Service-Disabled Veteran Owned Business. As a trusted fiduciary, Newport has sponsored and managed various investment vehicles over multiple market cycles including commingled funds, separate accounts, and takeover mandates on behalf of institutional investors, financial institutions, and family offices. The Shoppes of South Semoran is the last investment for the now fully-deployed Newport Capital Partners Fund III, having acquired assets in Chicago, Nashville, Austin, Houston, Dallas–Fort Worth, Kansas City and in Orlando.
