Demetree Real Estate Acquires Mixed-Use Properties In Winter Park For $20.6M

Demetree Real Estate Services in Winter Park has purchased properties within The Plaza at Hannibal Square mixed-use project for $20.6 million. The properties include a four-story building with 14 apartments and retail space at 362 S. Pennsylvania Ave., and a three-story office and retail building at 444 W. New England Ave. These properties were previously sold in September 2014 for a combined $15 million.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $20,600,000
• Buyer: Demetree Real Estate Services - Mary Demetree
• Seller: Owens Realty Services - Robert Owens
• Market: Winter Park

Demetree Real Estate Services, represented by Mary Demetree, completed the acquisition of the properties from Owens Realty Services, represented by Robert Owens. The purchase price for the properties was $20.6 million. This transaction represents a significant investment by Demetree Real Estate Services in the Winter Park market, adding to their portfolio within The Plaza at Hannibal Square mixed-use project.