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 5th, 2019.
The Buyer, represented by FCPG, purchased the asset free and clear of debt. Kevin Yaryan of SRS Real Estate Partners represented the Seller.