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Tuesday, September 26, 2023

Leesburg shopping center sold for $7.4 million

SRS Real Estate Partners has announced the $7.4 million sale of Leesburg Marketplace, a 81,071-square-foot multi-tenant retail center at 1101 W. North Blvd.

The shopping center is located on 9.35 acres. The shopping center is 90-percent occupied and anchored by Ollie’s Bargain Outlet and Dollar Tree. It also includes the Mammoth Oak Brewing Company, Naples Restaurant and China One.

The Leesburg Marketplace shopping centeris anchored by Ollie's and Dollar Tee
The Leesburg Marketplace shopping center is anchored by Ollie’s and Dollar Tee.

SRS Managing Principals Kyle Stonis and Pierce Mayson represented the seller, a private investor based in Florida. The property was purchased by Florida-based JTT Eagles, LLC.

Leesburg Marketplace
The Leesburg Marketplace is located next to the Rodeway Inn.

“Retail assets in Central Florida are still receiving significant interest and activity despite recent capital markets challenges,” said Mayson. “Investor appetite for proven discount tenants and well-located product remains strong.”

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