GRAVENSTEIN CLOSES $6.3 MILLION SALE OF MULTI-TENANT RETAIL CENTER

Shoppes at Village Square: 61,200 SF, Nationally Anchored, Longwood, FL

April, 2019 – Trey Gravenstein of First Capital Property Group, Inc. (FCPG) completed the sale of a 61,200 SF multi-tenant retail center anchored by Sherwin Williams and O’Reilly Auto Parts in Longwood, FL. FCPG has managed and leased the center since 2015 and increased the occupancy by 41.2% including lease transactions totaling over 35,000 SF at the time of the sale. The sale transaction closed on April 5^th, 2019.

The Buyer, represented by FCPG, purchased the asset free and clear of debt. Kevin Yaryan of SRS Real Estate Partners represented the Seller.

First Capital Property Group, Inc. is a Full-Service Real Estate company leasing and managing over 2 million square feet of commercial property in Central Florida. The information contained herein is believed to be reliable; however, First Capital makes no representations or warranties, expressed or implied, regarding its accuracy. ©2019 First Capital Property Group, Inc. – Licensed Real Estate Brokers.