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February 21, 2018  

Orlando-Area Retail Center for Sale

Sterling Organization is marketing a suburban Orlando shopping center worth about $75 million.The 245,000-square-foot center, at 501 North Orlando Avenue in Winter Park, Fla., is 96.6% leased. At the estimated value, the buyer’s initial annual yield would be 6%. HFF is representing Sterling, of Palm Beach, Fla.The property, called Center of Winter Park, has three anchors: LA Fitness, Michaels and Office Depot. They lease 35% of the space....

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