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 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.