CBRE closes $12M shopping center sale

ORLANDO - Through the combined efforts of the Orlando and Jacksonville offices, CB Richard Ellis facilitated the sale of Pleasant Hill Commons shopping Center in Kissimmee.

Dan Baker and Cliff Taylor, both first vice presidents within the Private Client Group - Capital Markets, exclusively marketed the property on behalf of MCP Retail LLC, an Orlando-based retail developer. The selling price was $12,375,000 or $175 psf.

Pleasant Hill Commons opened in 2008 and is anchored by a Publix supermarket. In addition, there are approximately 25,000sf of shop space housing such tenants as Subway, Pizza Hut, Trustco Bank, Fantastic Sam’s and Tijuana Flats. Outparcels include 7-Eleven, Wendy’s and Bank of America.