North Miami firm sells Orlando-area shopping center for $23.8 million

IMC Equity Group sold the Good Homes Plaza in Ocoee, where Publix is one of the anchor tenants

TRD MIAMI /
Oct.October 28, 2017 11:00 AM

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.


Related Article

arrow_forward_ios

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Power restored after blackout envelopes West Side of Manhattan

Virgin Trains may announce 3 new train station sites in South Florida by year-end

arrow_forward_ios