Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(For more retail coverage, click GlobeSt.com/RETAIL.)

OVIEDO, FL-The 64,587-sf Town Center Shoppes at 199 East Mitchell Hammock Rd. has been sold for just over $16.7 million.

The buyer was Gemini Town Center H and S LLC, a foreign limited liability company based in Charlotte, NC and New York. The seller was RAM LAF Oviedo LLC, a Florida limited liability company based in Winter Park. GVA Advantis executive directors Larry Randolph and Brad Luger represented the sellers in the transaction. Randolph tells GlobeSt.com that the sellers are merchant developers, which develop properties with the intent to sell them.

Constructed in 2005, Town Center Shoppes is a new open-air lifestyle neighborhood shopping center located on the northeast corner of Alafaya Trail (State Road 434) in a high-growth suburb of Orlando. The property is 98% leased with 11 tenants and is anchored by LA Fitness and Outback Steakhouse. “The buyers have purchased similar types of properties that are anchored by LA Fitness,” Randolph says.

Randolph adds that the shopping center is located in a high-growth area adjacent to a mixed-use development that is under construction. The development will contain residential units, as well as city government and other uses.

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?



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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.