CORE Sells Shoppes of South Semoran in Orlando Retail Market

ORLANDO, Fla.--(BUSINESS WIRE)--CORE SEMORAN, an affiliate of Core Investment Management (CORE), a Miami-based private investor specializing in retail properties across Florida's primary markets, is pleased to announce the successful sale of Shoppes of South Semoran, a 101,000-square-foot retail plaza in Orlando, Florida, for $24 million.

Acquired by CORE in 2020 for $18 million, Shoppes of South Semoran is strategically located at 4520 S. Semoran Blvd., in Orlando’s airport-area retail corridor. The property is anchored by a Walmart Neighborhood Market and features a strong tenant mix including Dollar Tree, Cicis Pizza, Vicky's Bakery, and Suncoast Credit Union. Built in 1986 and 99% leased at the time of sale, the center has demonstrated stable performance and resilience in a competitive market.

The sale represents a substantial profit over their acquisition price, underscoring CORE’s ability to execute value-add investment strategies in Florida’s high-growth retail markets. Whitaker Leonhardt and Brad Peterson of Colliers facilitated the off-market transaction.

“This sale highlights the strength of CORE’s investment approach and our ability to create value for our stakeholders,” said, Michael Lohmann, Principal. “Shoppes of South Semoran has been a strong performer in our portfolio, and this transaction is a testament to the vitality of Orlando’s retail market.”

CORE’s Florida portfolio includes over 20 high-quality retail centers located across Florida major markets including Orlando, Miami, Jacksonville and Sarasota.

CORE, along with affiliates CPG Leasing & Management, is headquartered in Miami, and owns and operates retail value-add properties in major Florida markets targeting a long-term investment horizon.

For more information about CORE and its portfolio, please visit www.coreIPF.com

About CORE:

CORE is a private investor specializing in retail properties across Florida’s primary MSA markets. Along with its four principals, the company owns and actively manages approximately 2 million square feet of assets throughout the state, with the largest concentration in Orlando. CORE focuses on experience-oriented properties with stable cash flow and significant growth potential through active management, leveraging its expertise and network to focus on high-quality retail value-add opportunities.