Tavistock Development Sells Shopping Center in Central Florida for $58 Million

Lake Nona Landing in Orlando, Florida, is home to tenants including Sam’s Club, Walmart Supercenter and Lowe’s Home Improvement. (Image courtesy of Tavistock Development Co.) Lake Nona Landing in Orlando, Florida, is home to tenants including Sam’s Club, Walmart Supercenter and Lowe’s Home Improvement. (Image courtesy of Tavistock Development Co.)

Orlando, Fla. — Tavistock Development Co. has sold Lake Nona Landing, a 335,000-square-foot shopping center in Orlando, for $58 million. The center opened in early 2017, and is located within Lake Nona, a master-planned mixed-use community that will total more than 10 million square feet at full build-out. Carson Good and Tarik Bateh of JLL arranged the transaction on behalf of Tavistock Development. An institutional investor advised by Clarion Partners LLC acquired the asset. Lake Nona Landing is home to tenants including Walmart Supercenter, Sam’s Club, Lowe’s Home Improvement, T.J. Maxx, PetSmart, Crunch Fitness, Starbucks Coffee, Chipotle Mexican Grill, AT&T and AutoZone. JLL’s Mike Longmore and Justin Greider will manage the property and handle the center’s leasing assignment on behalf of the new owner. 

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