Colliers Facilitates Sale of Marketplace at Seminole Towne Center

Orlando, FL, March 21, 2024 – Colliers | U.S. has arranged the sale of Marketplace at Seminole Towne Center, a 98% occupied, 318,623-square-foot shopping center.

Brad Peterson, Whitaker Leonhardt, and Tommy Isola of Colliers represented the seller in a joint venture with Fairbourne Properties. The buyer was CTO Realty Growth. This was the largest shopping center sale in Orlando since the July 2022 sale of the 411,534-square-foot sale of Millenia Plaza, which was also led by Brad Peterson and Whitaker Leonhardt. It is also the second-largest 2024 shopping center sale in the Southeast according to Real Capital Analytics data.
“Marketplace at Seminole Towne Center stands out as the one of the largest and highest-quality retail centers to have traded in the Southeast so far in 2024.”, according to Peterson, Vice Chairman of Colliers. “The property has the ideal combination of today’s leading anchor tenants with low rents, renewal histories and limited remaining lease options, and outparcel and strip buildings which account for nearly 30% of the overall property revenue.” “We are seeing more institutional-quality, large-format shopping centers coming to market in 2024 and believe that this type of center offers the best risk-adjusted return in today’s market for retail investors,” added Peterson.

This super-regional retail destination is situated in the fast-growing community of Sanford, Florida, in North Orlando. Situated 17 miles north of downtown Orlando at the intersection of Interstate 4 and the newly completed Wekiva Parkway (SR-417 / SR-429), Marketplace at Seminole Towne Center has prime positioning near this highly trafficked regional interchange with more than 200,000 cars per day. Marketplace at Seminole Towne Center is situated on 40.6 acres and features best-in-class national anchors such as Ross Dress for Less, Marshalls, Burlington, Old Navy, Cost Plus World Market, Petco and Big Lots. When combined with the shadow Super Target with grocery offering, the property is more than 517,000 square feet on approximately 58 acres.

Media Contact:
B2 Communications

About Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 29 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.3 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.

About Fairbourne Properties
Fairbourne is a full-service real estate investment and property management company focused on the acquisition, management, and asset management of office, retail, and mixed-use properties throughout the United States.

About CTO Realty Growth
CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE), a publicly traded net lease REIT.

We encourage you to review our most recent investor presentation and supplemental financial information, which is available on our website at www.ctoreit.com.