Dundas Real Estate Investments Acquires Lee Vista Promenade In Orlando For $68.5 Million

The property involved in the transaction is a retail asset located at 5800 Lee Vista Boulevard in Orlando. The sale price was $68,500,000 for a total square footage of 313,902. The asset encompasses 74.25 acres, reflecting a price per square foot of $218.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $68,500,000
• Address: 5800 Lee Vista Boulevard
• Market: Orlando
• Square Footage: 313,902
• Price Per Square Foot: $218
• Buyer: Dundas Real Estate Investments
• Seller: David R. Lukes - Site Centers
• Lender: City National Bank of Florida

Toronto-based Dundas Real Estate Investments acquired the property financed by a loan amount of $39 million from City National Bank of Florida. The transaction is noted as one of the largest retail deals in Orlando this year, aligned with the area's ongoing population growth and active retail market.