JBL Asset Management Acquires Grove At Winter Park Retail Property In Winter Park For $24.7M

JBL Asset Management recently acquired the Grove at Winter Park, a retail property located at 4270 Aloma Avenue in Winter Park, Florida. The property, spanning 110,500 square feet, was sold at a price of $24.7 million, resulting in a price per square foot of $224. The transaction was facilitated by Jacob Khotoveli, representing JBL Asset Management, and Mike Outlaw, representing TriOut Advisory Group. The financing for this deal was provided by Ocean Bank.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $24,700,000
• Property Address: 4270 Aloma Avenue
• Market: Winter Park

The Grove at Winter Park is currently 92% occupied and boasts an impressive tenant lineup. The anchor tenant of the property is 24-Hour Fitness, and other notable tenants include Hertz and Twister Root Burger Co. These tenants contribute to the property's vibrant retail environment.