Parkway Plaza was built in 1997 and is located on the northeast corner of John Young Parkway and Americana Boulevard in Orlando, Florida. The center is anchored by Publix and complemented by a mix of national, regional, and local tenants such as Chase, Dry Clean USA, Little Caesar’s and H&R Block. In addition, adjacent outparcels, McDonald’s and 7-Eleven Gas/Convenience store, draw traffic to the center. The property is abutted by a multifamily community of 1,081 units and is located near Orange County offices and the expanding Orange County Correctional Facility. The property is located half a mile from two I-4 exits.
The Property is part of the Millennia Submarket, but does not compete with the upscale retail projects surrounding the mall. The Mall at Millennia is Orlando’s only luxury mall and is located half a mile from the property on Conroy Road. Since the Mall’s inception in 2001, the area has built up rapidly with retail, office and multiâ€family residential developments. Parkway Plaza is currently the only neighborhood shopping center serving this submarket. Parkway Plaza’s membership in the submarket is a recent change as it also still serves the South Orange submarket, which is characterized as a Class B retail market
PROPERTY SOLD: May 2014
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