The Real Deal Miami

Plaza on Orlando’s Restaurant Row goes for $92.5M

Jacksonville-based Regency Centers bought the retail center on Sand Lake Road in Orlando
December 24, 2016 02:00PM

Plaza Venezia (Source: JLL)

Jacksonville-based Regency Centers Corporation and a partner paid $92.5 million for a Publix-anchored shopping center in Orlando called Plaza Venezia. Publicly held Regency bought about 25 acres and about 200,000 square feet of retail space along one of the Orlando area’s top locations for retailers, Sand Lake Road, also known as Restaurant Row for its many dining options.

Located in an upscale community known as Dr. Phillips, Plaza Venezia has a Publix-led tenant roster includingBarnes & Noble, Eddie V’s, First Watch and Rocco’s Tacos. Regency said in a company statement that Plaza Venezia has a valuable location near Interstate 4. Last month, Regency last month announced it will acquire Equity One, Inc. of North Palm Beach in an all-stock deal creating a national portfolio of 429 retail properties, mainly grocery-anchored. [Orlando Sentinel]Mike Seemuth