NAI Realvest Partner Sale of Retail Land for Future Publix Shopping Center
By Post
Tampa Bay Newswire
Published: Nov 14, 2022

ORLANDO – Paul P. Partyka, CCIM, MiCP, CIPS, Partner at NAI Realvest, recently representing the seller,Walter N. King, Trustee, of a 24.50-acre parcel on East SR 46, Sanford. The buyer, Ilumina Kings LP, is a subsidiary of North American Development Corp. The property sold for $5,500,000.

North American is developing the site for a new mixed-use development featuring a Publix-anchored shopping center, King’s Crossing, as well as an adjacent planned 260-unit apartment complex. The 75,000 SF center is currently under construction with an expected delivery in late 2023. North American Development currently has 25 other centers in Florida, with 12 featuring Publix as the anchor tenant.

For Partyka, “this is an exciting project – this mixed-use project will be the development catalyst for this area that is called the Gateway to Seminole county. Additionally, this will be key in supporting the over 4,000 new homes being built and the Orlando Sanford International Airport nearby!”