For more retail coverage, click GlobeSt.com/RETAIL.
ST. CLOUD, FL-St. Cloud Square, an 88,352-sf shopping center 10miles east of Walt Disney World, is under new ownership today.Atlanta-based BVT Associates Inc. sold the neighborhood center at4037-4077 US 192 here to a private Philadelphia investor for $4.8million or about $54.33 per sf.
Area construction industry sources tell GlobeSt.com the salesprice was comparable to current replacement cost of the property.Scott Rohrbach, a Terranova broker who represented the seller, saysthe center is "a value-added opportunity for new owners because itis located in an area experiencing the spillover from thetremendous growth in nearby Orlando and Kissimmee." St. Cloud is 20miles south of Downtown Orlando.
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