SRS Real Estate Partners has announced the $7.475 million sale of Leesburg Marketplace, a 81,071-square-foot multi-tenant retail center located at 1101 W. North Boulevard in Leesburg, FL. SRS Managing Principals Kyle Stonis and Pierce Mayson represented the seller – a private investor based in Florida – while JTT Eagles LLC acquired the property for an undisclosed amount.
Situated on 9.35 acres along US 441 – a primary commercial and traffic corridor – this neighborhood center is 90% occupied by tenants such as Ollie’s Bargain Outlet and Dollar Tree among others . According to Mayson: “Retail assets in Central Florida are still receiving significant interest despite recent capital markets challenges; investor appetite for proven discount tenants remains strong with well-located product continuing to pencil out.” Located 40 miles northwest of Orlando and 12 miles south of The Villages, Leesburg Marketplace fronts US 441 providing easy access to commuters travelling through the area..
