Regions Southeast
CBRE Arranges Sale of Winter Garden Village in Florida
Oct 3, 2008

CB Richard Ellis Inc. has arranged the sale of Winter Garden Village, a 1.14 million-sq.-ft. regional shopping center located in Winter Garden, Fla. The area included in the sale totaled 759,500 square feet of leasable space. Dennis Carson, senior vice president with CB Richard Ellis¹ Miami-Downtown office, and George Good, executive vice president with the Oakbrook, Ill., office of CB Richard Ellis, exclusively represented the seller, an affiliate of The Sembler Co. An affiliate of Cole Real Estate Investments was the buyer. Michael Strober, senior vice president, with the Tampa office of CBRE Capital Markets, arranged acquisition financing for this transaction from Northwestern Mutual. Completed in phases between 2007 and 2008, the project encompasses more than 161 acres and is home to 16 anchor tenants, including SuperTarget, Lowes Home Improvement, Best Buy, Barnes & Noble, Marshalls and Staples. The property also includes a 180,000-sq.-ft. lifestyle center that is home to tenants such as Victoria¹s Secret, Cacique, Lane Bryant, Chico¹s, Bonefish Grill and Jos A. Banks. Areas not included as part of the sale were the SuperTarget & Lowe¹s Home Improvement stores, each of which are tenant owned, and a 25-acre tract reserved for future residential development.

 
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