ORLANDO-The Lightstone Group in partnership with Paragon Outlet Partners is purchasing the Festival Bay Mall in Orlando for nearly $25 million. The shopping center measuring 750,000 square feet was built on a 139-acre site located at 5250 International Drive.
Cinemark 20 Theatres, Sheplers Western Wear and Ron Jon Surf Shop are some of the tenants of the single-level shopping center. The buyer's major objective is to revitalize the property.For the full story, go to Florida Real Estate Journal.
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