Orlando, FL – June 28, 2012 – (RealEstateRama) — CBRE Capital Markets arranged the sale of Saxon Crossings Shopping Center, a 119,590-square-foot community shopping center located in Orange City for $20,730,000. CBRE Senior Vice President Cliff Taylor of the Jacksonville office and First Vice President Daniel Baker of the firm’s Orlando office marketed the asset for sale and negotiated the transaction on behalf of the seller, Saxon Crossing Partners. The buyer, Inland Real Estate, is a Chicago-based REIT focused on the acquisition of shopping centers.
Located at 2607 Enterprise Road in Orange City, Saxon Crossings Shopping Center was built in two phases in 2008 and 2012. The center is anchored by LA Fitness and Hobby Lobby and is shadow-anchored by both a Target and Lowe’s (not included in the sale). Additional tenants included Jimmy John’s, Papa John’s Pizza, Woody’s BBQ and Mattress One.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.
Marketing Director, FL
elizabeth.cross (at) cbre (dot) com
Communications & Media Manager, FL
lauren.crawford (at) cbre (dot) com