The Hampshire Companies Acquires 529,300-Sq.-Ft, Shopping Center in Orlando, Fla.
The shopping center is located in the Kissimmee section of Orlando and is currently 98% leased
The Hampshire Companies, a full service, private real estate investment firm with assets valued at over $2.1 billion, announces the acquisition of a 529,300-square-foot, grocery-anchored Crosslands Shopping Center in Kissimmee, Florida. The Hampshire Companies, on behalf of a foreign investor, acquired the shopping center from Tupperware Brands Corporations and O’Connor Capital Partners, which will retain an interest in the center providing exclusive leasing and property management for the asset.
The property, located at 1000 West Osceola Parkway, offers tenants superior visibility and accessibility with its proximity to the Walt Disney Resorts. Current tenants include: The Fresh Market, Marshall’s Home Goods, Hobby Lobby, Forever 21, Burger Fi, Outback Steakhouse, PetSmart and Starbucks as well as many other first-class tenants in the over 30 in-line and pad sites at the shopping center.
“The Hampshire Companies has been in the business of developing, managing and owning grocery-anchored shopping centers for over 60-years,” said Robert Schmitt, a Principal of The Hampshire Companies. “Orlando and its submarkets have been an incredibly hot market, with a burgeoning tech-sector, massive improvements to its infrastructure and investments by the Universal and Walt Disney resorts resulting in a sharp increase in tourism to the already most-visited city in America. The Crosslands Shopping Center has experienced immediate success and is positioned to be the premier shopping destination in Kissimmee for a long time. We are confident that this addition to our portfolio will serve our investors well.”
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