header_bar

Free-Newsletter
 
Print Magazine sign up here
We want your news! Submit Here
 
Last Updated ( Friday, 15 February 2013 17:14 )
DATE_FORMAT_LC2=Thursday,February 14 2013 12:00:00 am EST   
UP Development Acquires Orlando Fashion Square Mall

FashionSquareNEWSOrlando  — Pennsylvania Real Estate Investment Trust (PREIT) has sold the 1.1 million-square-foot Orlando Fashion Square Mall for $35 million in cash. The mall is anchored by Dillard's, JC Penney, Macy's and Sears. Other tenants at the center include Champs, Charlotte Russe, Express, Panera Bread, Olive Garden and an all-digital movie theatre. Jim McNeil and Jeff Wieland with Akerman Senterfitt's real estate practice group represented the buyer, UP Development Inc., in the transaction.

"The Orlando retail property market is slowly rebounding," says McNeil. "Fashion Square was one of the first to suffer from the recession, and it is one of the first to come back. It will be a focal attraction not just to local residents and tourists, but national retail tenants a well. Our conversations with the city of Orlando and the tenant base are sure to revitalize Fashion Square."

The 40-year-old property was last redeveloped more than a decade ago. UP Development plans to renovate the retail space, but has not yet finalized plans.

 

Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.