Big things are happening in Orlando’s shopping scene! Waterford Lakes Town Center, one of the largest and most popular shopping centers in the area, just sold for a whopping $322 million. The buyer? New York-based Kimco Realty, a company well-known for its commercial real estate expertise.
If you’ve ever shopped at Waterford Lakes, you know it’s a massive retail hub, covering an impressive 976,000 square feet. Located at 413 North Alafaya Trail, it’s a go-to spot for locals, pulling in 13.6 million visitors every year. With over 100 shops and plenty of restaurants, there’s something for everyone.
Big names like Super Target, TJ Maxx, Ross Dress for Less, Best Buy, and Barnes & Noble draw crowds, while favorites like Starbucks, Panera Bread, and Dave’s Hot Chicken keep shoppers fueled for the day. Waterford Lakes has built quite a reputation, earning 4.5 out of 5 stars from over 11,000 Google reviews. Shoppers love the variety and the ample parking.
The Big Sale
This major sale happened in the fall of 2024 when Kimco Realty purchased the shopping center for $322 million. As part of the deal, they’ll also be taking on a $164 million mortgage. The purchase adds to Kimco’s growing portfolio of retail properties and strengthens their presence in Florida.