$27M Orlando shopping center sale

The Colonial Promenade Wekiva shopping center in Orlando, Fla., recently sold for $27.2 million to an in-state developer.

The 208,568-square-foot property, located at 2121 E. Semoran Blvd., was anchored by a 25,806-square-foot United Artists Theatre and a 57,860-square-foot Winn Dixie supermarket at the time of sale.

Boca Raton-based Woolbright Development purchased the center from an unidentified seller.

Property tenants with triple-net leases at the time of sale included Fred's, Haircuttery, Blockbuster Video and Curves for Women.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.