Orlando, FL (Mar 20, 2020) – Ciminelli Real Estate Services of Florida is proud to announce the sale of Republic Square, an 11.41 acre retail center set for redevelopment. Greg McNutt, CCIM, LEED AP, Director of Retail Services with Ciminelli, represented the seller. Officially closing on February 7, 2020, Republic Square was sold by Republic Properties Inc. to Legacy Partners for a total of $11,500,000.00.
Originally established as a retail center, Republic Square is set to be redeveloped into 350 units in a new multifamily development. Located at the southwest corner of Carrier Drive and Universal Blvd, the property is centered near the heart of the International Drive Tourist Corridor. It is located one half mile east of I-4 and situated minutes from Universal Studios.
With over 15 years of experience in retail commercial brokerage services, Greg McNutt, CCIM, LEED AP, is responsible for leasing and selling Ciminelli’s retail portfolio of properties throughout the Orlando and Tampa Bay markets. In addition to his current role, he has worked with numerous development teams in the analysis, acquisition, entitlement, construction and management of commercial real estate.
For more information about our Leasing & Sale Services, visit: https://www.ciminelli.com/leasingandsales.
Ciminelli Real Estate Services specializes in providing custom real estate solutions for a variety of clients throughout the state of Florida. We offer a wide range of commercial real estate services and pride ourselves on the relationships—and results—we create with our clients. An Accredited Management Organization (AMO), Ciminelli Real Estate Services of Florida is one of only 537 firms worldwide who have met the strict requirements necessary to qualify for this prestigious designation.