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MIAMI, May 19, 2021 /PRNewswire/ Miami-based Limestone Asset Management closed on two outparcels, totaling 14,075 square feet, around Orlando s popular Mall at Millenia for $10.4 million. Limestone Asset Management invests in and acquires real estate properties over all asset classes throughout North America.
One outparcel includes a 5,530-square-foot AT&T store, located at 4006 Conroy Road, Orlando, FL 32839. The second outparcel includes a 5,045-square-foot Panera Bread and a 3,500-square-foot Shake Shack, located at 4060 Conroy Road, Orlando, FL 32839.
Ibrahim Al-Rashid
Limestone Asset Management Closes on Two Outparcels, Totaling 14,075 Square Feet, Around Orlando s Mall at Millenia for $10.4 Million
Kevin Sanz, president of Orion Real Estate Group, represented Limestone Asset Management in the purchase. The undisclosed seller of Panera Bread and Shake Shack brought this off-market deal directly to Orion before marketing it
| 5/10/2021
South Florida real estate market still booming in 2021
The growth in residential sales is part of an overall economic boom in South Florida, led by technology and venture capital companies moving from more expensive sites in the Northeast or Silicon Valley to benefit from generally lower costs of labor and living expenses. Florida draws the second highest number of immigrants from other states, following only Texas. According to the 2020 Census cited in the Q1 report, Florida gains a net 661 residents every day, one of 34 states where internal immigration is positive. Sixteen states including New York and California are losing population. More from the World Property Journal and the South Floriida Sun-Sentinel.