John Crotty
A North Miami-based firm sold a Publix-anchored neighborhood shopping center in the Orlando area to a Canadian buyer for $23.8 million.
Canada-based Slate Retail REIT paid about $143 per square foot for Good Homes Plaza at 8805-8995 West Colonial Drive in Ocoee, a western suburb of Orlando. Colonial Drive is a major east-west thoroughfare in the Orlando area.
Anchor tenants other than Publix Super Markets at the 165,741-square-foot shopping center include Pet Supermarket and Beall’s Outlet Store. The retail property serves a population of nearly 250,000 within a five-mile radius of its location.
Good Homes Plaza was 96 percent occupied when the sale closed. The seller was IMC Equity Group of North Miami, a commercial real estate company headed by Yoram Izhak.
A four-person team at brokerage firm Avison Young secured the buyer. The team included principal John K. Crotty, senior vice presidents Ray Hayhurst and Steve Tanner, and senior associate Joshua Ladle.
from The Real Deal Miami https://therealdeal.com/miami/2017/10/28/north-miami-firm-sells-orlando-area-shopping-center-for-23-8-million/
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