search

The Real Deal Logo

Trending

Tides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealLA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsMcCarthy leaves distressed office for premier Post Oak developmentMcCarthy leaves distressed office for premier Post Oak developmentDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it out
Commercial
South Florida

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

John Crotty
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.

Sign Up for the undefined Newsletter

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.

Tags
Avison YoungCommercial Real Estate