Anchor-less Strip Center Goes for $121 Per SF

ORLANDO-S.O.M. Investors Inc. paid S.O.M. Partners Ltd. $2.86 million for the 11-year-old, 87%-leased, 23,516-sf Shoppes at Maitland in suburban Maitland, FL. The deal is one of the highest per-sf retail transactions this year.

By Alex Finkelstein | May 07, 2001 at 01:01 AM

The strip center has no name anchor. Loop Restaurant is the biggest user at 3,816 sf. Buyer and seller are based in Orlando.

"The acquistion is in line with our strategy to acquire positions in higher end, infill markets where we believe there is an opportunity for growth," Carson Good, senior vice president and principal at Intram Investments Inc., tells GlobeSt.com. Intram represents the new owner.

Ray Hayhurst, a Trammell Crow Co. vice president, negotiated for the seller.

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