ORLANDO, FL-Outparcels don’t come cheaply, especially at MetroWest, a successful 21-year-old, 1,800-acre mixed-use community next to Universal Orlando in the city’s southwest submarket.

But Winter Park, FL-based Carlisle Realty Group knew that fact going into the deal since it had purchased a 12.5-acre tract for $2.35 million or $188,000 per acre ($4.31 per sf) from another seller, Debra Inc., a week before.

Carlisle paid Kirkman Equities $711,000 or $474,000 per acre ($10.88 per sf) for its newest acquisition, a 1.5-acre parcel. Carlisle and partners from Auburn, AL plan to break ground by year end on a 15,750-sf, Mediterranean-styled retail center adjacent to its other planned 110,000-sf shopping center near MetroWest’s main entrance.

R.J. Twitty & Co. II Inc. and Demetree Real Estate Services, both of Orlando, co-brokered the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.