Disney World area center sells for $29.5 million

BY Al Urbanski

A 44,095-sq.-ft. center serving the Disney-planned community of Celebration, Florida, has been acquired by Ben Hur Investments of New York for $29.5 million.

The fully leased Shoppes at Celebration Place, also nearby Disney’s Florida headquarters and theme parks, is a popular necessity-based center that fields Walgreens, Applebee’s, Arby’s, Dunkin’ Donuts, Chipotle, and Five Guys.

Stan Johnson Company, which brokered the deal, stated that it received several offers for the property from investors nationwide.

“After a thorough bid process, which included institutional and private investors, we selected [Ben Hur] who performed flawlessly,” said Joey Odom, director of Stan Johnson’s Atlanta office.

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