SRS’ Investment Properties Group marketed and brokered the sale of Kissimmee Korners, an 83,340-square-foot neighborhood center anchored by Cano Health on October 21, 2021, for $14.25 million. The multi-building center has a diverse tenant mix such as Kissimmee Produce Market, T-Mobile, Florida Optical, Rent-A-Center, and more. Kissimmee Korners is situated on 6.51 acres of land at a high-traffic signalized intersection of two of Kissimmee’s busiest thoroughfares, which accommodates a combined traffic count of 88,000 vehicles per day. Additionally, Kissimmee Korners’ strategic location in the heart of Kissimmee is within the Orlando MSA, a rapidly growing market which continues to be at the top of the list for retail investors.
“Kissimmee Korners is a solid property in a dense and fast-growing Orlando submarket. There was an abundant amount of interest very quickly, and we were able to find a buyer and close in only 60 days,” said Kevin Yaryan, senior vice president of SRS’ Investment Properties Group in a press release. “The tremendous activity and interest we had from private investors is a testament to the elevated appetite we continue to see for Florida Shopping Centers.”
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 25 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world.