THE HOME EXPO/DEPOT | ORLANDO, FL

THE HOME EXPO/DEPOT | 4607 MILLENIA PLAZA WAY | ORLANDO, FL

GROUND LEASE ACQUISITION, REDEVELOPMENT

  • UP Development purchased the underlaying Home Depot ground lease, operating as ‘The Home Expo’ in 2012, approximately 100,000 SF of Retail Box space.
  • Redeveloped the building, subdividing and sub ground leasing to Toys R Us and Dick’s Sporting Goods, opened in 2013.
  • Sold the underlying the Ground lease as part of the sale of Millenia Plaza 1 Shopping Center, for $9M owned by DDR, to Millenia Plaza LLC on 1/22/2019.
  • Ashley Furniture Homestore opened in 2019, buying the Toy’s R Us Sublease as part of their Chapter 11 filing.
Skills

Posted on

May 6, 2021