ACQUISITION, LAND WORK OUT PARTNER FOR BANCORP, RETAIL DEVELOPMENT
HM – UP Development Alafaya Trail, LLC purchased 1264 N. Alafaya Trail, approximately 5.5 AC for $4.37M on 4/2012, developed a 49,000 SF Dicks Sporting
Goods and 12,000 SF Retail Strip Center, opening 12/2012.
HM – UP Development Alafaya Trail TRU, LLC purchased 1250 N. Alafaya Trail, approximately 10 AC for $9.5M on 4/2012, developed a 59,000 SF Toys “R” Us
opening 12/2012, sold for $9.5M, less 3 outparcels on 1/2016.
Bought 1200 N. Alafaya Trail, 0.58 AC on 8/2011, for $654,000, sold/flipped to Bahama Breeze same day for $1.61M.
Bought Toys “R” Us outparcel #1, 0.55 AC on 8/2011 for $620,000, sold for $2.141M on 4/2012.
Bought Toys “R” Us outparcel #2, 0.37AC on 8/2011 for $466,000, sold for $1.43M on 4/2012.
Center is open and operating with Toys “R” Us being replaced by Burlington Coat Factory, under renovation
