ORLANDO—The Plaza at Hannibal Square, a 71,330-square-foot, class A mixed-use retail, office and multifamily asset has won the confidence of lenders. Owens Realty Capital secured a $10.32 million acquisition loan on the Winter Park, FL asset.

HFF represented the borrower. Prudential Mortgage Capital Company offered the 10-year, fixed-rate loan. Owens used the loan to purchase the asset from its equity partner. HFF director Michael Weinberg, associate director Whitaker Leonhardt, and real estate analyst Michael Brewster worked on the deal.

”Owens Realty Capital did a masterful job purchasing the asset well below its original development cost and then added a tremendous amount of value through their skilled lease-up and management,” Weinberg tells GlobeSt.com. “This generational asset commanded overwhelming attention from debt capital providers. Both the client and the lender executed the purchase and financing flawlessly.”

The Plaza at Hannibal Square includes two buildings sitting on 1.22 acres at 362 South Pennsylvania and 444 West New England Avenues. That's less than a few blocks from the famed Park Avenue in Winter Park and five miles from Downtown Orlando. 

The buildings span 25,210 square feet of retail and 20,242 square feet of office space and 31 multifamily units, all of which are more than 90% leased. Completed in 2009, the four-story South Pennsylvania building includes a five-story garage.