ORLANDO, Fla. (June 2, 2017) – LandQwest Commercial Orlando, LLC is proud to announce the $10,000,000 sale of the Shoppes at Meadow Ridge, an upscale, mixed-use center at 2900 – 2910 Maguire Road in Ocoee, Fla.
The 45,027-square-foot development is in the heart of the affluent West Orlando submarket and is anchored by Fifth Third Bank, Edible Arrangements, Quest Diagnostics, and Goodwill Centers.
“The Central Florida market remains in high demand,” said Cynthia Shelton, CCIM, CRE, Senior Managing Director and Qualifying Broker for LandQwest Commercial Orlando, LLC. “The substantial buyer pool that reviewed this asset exceeded our expectations, and we were able to meet the Sellers’ price and timing.”
The property sits at the highly desirable intersection of Maguire and Moore Roads, which is known for its historically low vacancy rates and limited commercial inventory.
“The product was unique due to the nature of the retail center having a second story, but also had a separate, single-story bank pad,” added Kane Morris-Webster, CCIM, Senior Director of Investment Services for LandQwest Commercial Orlando, LLC. “The high occupancy and strong demographics helped get us over the finish line.”
The property was purchased by T Meadow Ridge FL, LLC on May 3, 2017. LandQwest Commercial Orlando represented the seller, Excel Maguire I, LLC.