ORLANDO, FL – November 19, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of a partial interest in The Fountains at Bay Hill, a 103,961-square-foot, upscale, mixed-use retail center with office space along “Restaurant Row” in Orlando, Florida.
The HFF team marketed the property on behalf of the seller. An affiliate of Core Investment Properties Fund purchased 50 percent of the asset.
Situated on 9.93 acres at 7535 Sand Lake Road, The Fountains at Bay Hill is located along the famed “Restaurant Row,” a prestigious and thriving one-mile stretch of Sand Lake Road between Interstate 4 and Apopka-Vineland Road that appeals to tourists and residents in the nearby upscale communities of Isleworth, Windemere and Bay Hill. More than 46,631 residents earning an average annual household income of $124,120 live within three miles of the center. The Fountains at Bay Hill is home to a variety of national and regional tenants, including Ruth’s Chris Steak House, The Melting Pot, CVS Pharmacy, MoonFish, Steak on Fire, AT&T and My Gym Children’s Fitness Center.
The HFF investment advisory team representing the seller included senior managing director Brad Peterson, senior director Whitaker Leonhardt and associate Michael Brewster.
According to Leonhardt, “Fountains at Bay Hill is located in one of the most highly desirable infill retail locations in Orlando, surrounded by some of the region’s top-performing restaurants, desirable Bay Hill and Dr. Phillips neighborhoods, world class Orange County Convention Center, and Orlando’s prolific surrounding hotels, theme parks and attractions. This is a tremendous property and a great addition to Core’s portfolio, and is the seventh asset that HFF has sold or financed along Sand Lake Road’s Restaurant Row corridor.”
CORE is a private investor of primarily value add retail and office properties located in primary and secondary MSA markets of Florida and the southeastern United States. CORE and its principals own and actively manage approximately one million square feet of properties throughout the region and target experience-oriented properties with existing cash flow and upside potential through active management. CORE leverages their experience for investors and provides an opportunity to invest in their Core Investment Properties Fund aiming to provide investors steady income with upside potential. Additionally, Core has investments in technology, management and other ancillary real estate ventures. Visit coreipf.com to learn more.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
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