Lee County’s Edison Mall is among 10 Florida retail centers for sale including Boynton Beach Mall, Melbourne Square Mall, Orange Park Mall, Coral Springs Royal Eagle Plaza, Pensacola’s University Town Plaza and Ocala’s Paddock Mall and Gaitway Plaza.
Owner Washington Prime Group said it is shedding its retail portfolio that includes the six-decade -old Fort Myers shopping destination and about 70 other sites. Other Sunshine State property on the market : Tampa’s Westshore Plaza and West Town Corners in Altamonte Springs.
Here’s what to know.
What’s the timing on selling of the malls and shopping centers?
“As part of WPG’s multi-year journey, the company continues to sell assets in its portfolio, with about half of WPG’s properties sold in the past year, while the remainder of the portfolio is or will soon be on the market,” the company said in a statement to the USA TODAY Network. “As a result, WPG is reducing its headcount to reflect the downsized organization.”…