Huge FL Shopping Center With TJ Maxx, Super Target, Joann & Ross Sells For $322 Million To NY Co.

Photo byTaurusEmerald, CC BY-SA 4.0, via Wikimedia Commons

Floridians know that there are plenty of shopping centers that dot the Florida landscape. These shopping centers can sometimes change hands. I've written about the $68.5 million sale of Lee Vista Promenade, the sale of 318 Lincoln for $13.6 million, and the sale of Millenia Crossing and Lake Brandon Village, which were recently part of a $137.5 million sale. And now Orlando's Waterford Lakes Town Center has sold for a whopping $322 million.

About Orlando's Waterford Lakes Town Center: This shopping center is huge, at 976,000 square feet. It is located at 413 North Alafaya Trail and is incredibly highly visited, with 13.6 million annual visits.

The shopping center is filled with 100 shops plus many restaurants, with popular, draws such as Super Target, TJ Maxx, Ross Dress for Less, Best Buy, Panera Bread, Bath & Body Works, Starbucks, Nike, Barnes & Noble, Sephora, and Ulta Beauty.

It also has restaurants like Five Guys, Panera Bread, Cooper's Hawk, Dave's Hot Chicken, and Starbucks.

The shopping center has been reviewed over 11,000 times on Google reviews, where it earns 4.5 out of 5 stars. Many praise having so many choices in one place and generous parking. A reviewer named Chetan wrote:

"Best shopping mall around its location. (It) has almost all the important outlets - a lot of restaurants too with great food. It has Forever21, Target, Five Below, Ross, and many more. The place has a large parking (lot) and is clean. There is a movie theater as well here."

The Sale: In the fall of 2024, the shopping center was sold to New York-based Kimco Realty for $322 million. The new owner will reportedly also take on a $164 million mortgage.

The author is not affiliated with Waterford Lakes Town Center or any other shopping centers.