Furniture retailer Rooms To Go has acquired a 2-acre site in Clermont, a suburb of Orlando, for a new store. The property is located at the intersection of State Road 50 & Magnolia Pointe Boulevard. The sale took place on 05/25/2023 and the seller was Parkway Property Investments LLC. The transaction amount was $1,850,000. The land is designated as commercial use and it spans an area of 2 acres.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $1,850,000
• Market: Clermont
• Address: Intersection of State Road 50 & Magnolia Pointe Boulevard
• Buyer: Rooms To Go - Jeffrey Seaman
• Seller: Parkway Property Investments LLC

This acquisition by Rooms To Go presents potential opportunities for the development of a new store in Clermont. The company may consider an expanded prototype that provides more space for patio furniture, aligning with the increasing demand for outdoor furniture. The transaction also has the potential to contribute to local investment, job creation, and improved amenities in the area.