ORLANDO—Loop West, a 295,100-square-foot retail center in Kissimmee, FL, has a new owner. O'Connor Capital Partners sold the retail property free and clear of debt to an affiliate of North American Development Group.
HFF represented O'Connor. Senior managing directors Danny Finkle and Brad Peterson, and directors Luis Castillo and Kim Flores, worked on the deal. Financial terms were not disclosed.
Completed in 2008, Loop West is 100% leased to national retail tenants including Babies R Us, Bealls, TJ Maxx, Books-A-Million, DSW, Party City, and Ulta and shadow-anchored by JC Penney. The 38.72-acre site is located at 2001 West Osceola Parkway near Walt Disney World, Sea World, Hollywood Studios, and The Florida Turnpike about 15 miles south of Downtown Orlando.
“Loop West is one of the most dominant and successful retail centers in Florida due to its prominent location, national credit tenancy and high-quality physical improvements,” Finkle tells GlobeSt.com. HFF has capitalized more than $4.3 billion in retail assets nationally through third quarter 2013.
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