1. Market Data
August 10, 2016updated 07 Nov 2021 11:52am

IRC Retail Centers acquires phase two of Goldenrod Marketplace in Orlando

US-based real estate firm IRC Retail Centers (IRC) has acquired phase two of Goldenrod Marketplace, a community shopping centre in Orlando, Florida.

US-based real estate firm IRC Retail Centers (IRC) has acquired phase two of Goldenrod Marketplace, a community shopping centre in Orlando, Florida.

The transaction is valued at $6m.

IRC Retail Centers executive vice-president and chief investment officer Scott Carr said: “We are pleased to complete our acquisition of Goldenrod Marketplace, which is well-located in a top US market and showcases a diverse mix of tenants offering everyday goods and services.

“Our acquisition of this recently completed retail centre complements our ongoing activities with established developers.”

“Our acquisition of this recently completed retail centre complements our ongoing activities with established developers to construct value-oriented and grocery-anchored shopping centres across the central and southeastern US.”

Goldenrod Marketplace phase two comprises approximately 33,140ft² of in-line retail space that is almost completely leased to Dollar Tree, Great Clips, Lucky Me, Payless Shoes, Rue 21 and Sally Beauty.

In December 2013, IRC acquired Goldenrod Marketplace phase one, which has a total retail space of approximately 97,500ft², including 64,000ft² leased to anchor tenants Marshalls and L.A. Fitness, two multi-tenant outbuildings totaling 27,500ft² that feature a complementary blend of retailers and service providers, and two outparcel buildings totalling 6,000ft² that are ground leased to Taco Bell and KFC.

Over all, Goldenrod Marketplace totals approximately 130,640ft²  of gross leasable area (GLA), including ground leases and is approximately 94.7% leased.

The centre is shadow-anchored by a 207,000ft² Walmart Supercenter.