December 17, 2025

Continental Realty Corporation Completes Sale Of 126,000 Square Foot Towne Square In Ocoee, Florida For $18.1 Million

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BALTIMORE, MD (December 17, 2025) – Continental Realty Corporation (CRC), on behalf of Continental Realty Fund III, LP, has completed the sale of Towne Square, a neighborhood shopping center located at 11029 West Colonial Drive in Ocoee, Florida, for $18.1 million. The 126,000-square-foot retail center, which is anchored by Gabe’s and My Salon Suite, was acquired by JBL Asset Management, a Florida-based real estate investment manager. Whitaker Leonhardt and Tommy Isola of Colliers International represented CRC in this transaction.

“Towne Square is an excellent example of CRC’s long-term, strategic approach to value creation,” said Rachel Lee, Director, Retail Asset & Portfolio Management for CRC. “During our 10-year hold period, our team executed a thoughtful leasing and capital improvement plan that strengthened the tenant mix, improved traffic to the center, and improved the shopping center for the surrounding community. We are proud of the collaborative work across our organization that contributed to this successful outcome.”

CRC acquired Towne Square in 2015 and identified substantial opportunity in the rapidly-expanding Orlando metropolitan area. Over the course of its ownership, CRC completed leases with numerous new tenants in addition to renewing existing tenants, and invested in physical improvements that included parking lot enhancements and a refreshed exterior paint scheme. These efforts enhanced the center’s customer experience and long-term competitiveness.

The center serves a dense and established trade area with more than 80,000 consumers and nearly 27,000 households within a three-mile radius. Towne Square is located at the intersection of West Colonial and Maguire roads, less than one mile from Orlando Health Central Hospital, a major regional employer with more than 1,500 employees.

Founded in 1960, Continental Realty Corporation is a vertically integrated, privately held commercial real estate and investment company specializing in the acquisition and operation of retail and multifamily properties. CRC owns and manages a diversified, national portfolio of more than eight million square feet of retail space and over 10,000 apartment homes across 14 states, with a total value of more than $4.2 billion. Guided by a commitment to excellence and long-term value creation, CRC combines market insight, disciplined investment strategies, and a people-first approach to deliver exceptional results for investors, residents, and communities.

For additional information, visit www.crcrealty.com.