Commercial real estate firm Holliday Fenoglio Fowler L.P. (HFF) recently closed a $121 million deal including $49 million in financing for The Crosslands, a unique Kissimmee-based retail center, located in the greater Orlando metropolitan area.
“The Crosslands’ unique combination of location, accessibility and visibility made this an ideal position for several of the industry’s most sought after retailers and a highly-desirable investment opportunity,” Daniel Finkle, senior managing director and co-head of HFF’s Retail Group, said from Miami.
HFF marketed the half-million (530,816) square-foot property for the seller, O’Connor Capital Partners, in partnership with Tupperware Brands Corp. The Hampshire Companies made the purchase with O’Connor Capital Partners retaining an interest plus continuing management and leasing duties.
The parcel is located on 71 acres in the heart of Kissimmee, less than eight miles from the Orlando attractions of Walt Disney World, Sea World and Universal Studios.
“The Crosslands represents an exceptional opportunity to capitalize on the strong economic and demographic trends in one of the most sought after submarkets in the Southeastern United States,” O’Connor Capital Partners CEO William O’Connor said. “Orlando is one of the top-performing markets in the country, with strong supply and demand fundamentals driving tremendous economic and employment growth — a positive indicator for continued top performance for well-located assets such as The Crosslands.”