Miami-based real estate firm IMC Equity Group has purchased the Kissimmee Shopping Center and a one-acre outparcel for $10.5 million. The 130,168-square-foot plaza is situated in the northeast corner of U.S. 192 and Old Vineland Road on West Irlo Bronson Highway. Built in 1984, the center’s current tenants include Nike Clearance Center, Dollar Tree, Beall’s Outlet and a Tommy Hilfiger Outlet. CBRE represented the seller, Kissimmee Value Outlet Shops, while the buyer was represented by Todd Snyder and Mel Miller of Gene Snyder & Co. of Miami.
“The center’s location along the busy U.S. 192 retail corridor fueled very strong interest in the shopping center. There has been a significant amount of leasing activity in that submarket, which helped bring this center to 100% occupancy. In addition, there are several name brand tenants that have a long and successful history at the plaza,” said CBRE First Vice President Daniel Baker.
