Marketplace Plans on Spending $60 Million on New Orlando Property

In September 2005, Woolbright/Marketplace at Dr. Phillips, LLC received a $60 million floating-rate mortgage that it will use to acquire retail Orlando property.

“Marketplace at Dr. Phillips, located at 7600 Dr. Phillips Boulevard, was built in two phases in 1982 and 1993.” Between 1989 and 1990, two out parcels were added to the now 320,346 square-foot Orlando property.

Aside from Marketplace, a very well established Orlando property that “is home to tenants such as Albertson’s, Home Goods, Blockbuster Video, Bank of America and Washington Mutual,” Woolbright owns an additional five assets. All of the company’s Orlando property amounts to approximately 1,000,000 square-feet or retail space. “Marketplace at Dr. Phillips is its largest property.”