Curbline Properties has acquired a retail property in Winter Garden, Florida, from McKinley for $5.4 million. The purchase price works out to approximately $742 per square foot. The transaction adds a Florida asset to the self-managed real estate investment trust’s portfolio, though details about the building’s tenants and size were not provided in the available report.
Key takeaways
Curbline’s purchase price and the seller are the clearest reported details of the deal. The available information does not identify the property’s tenants or provide further terms.
- Buyer: Curbline Properties, a self-managed real estate investment trust.
- Seller: McKinley.
- Price: $5.4 million, or about $742 per square foot.
- Location and use: A retail property in Winter Garden, Florida.
Transaction details
The acquisition transfers the Winter Garden retail property from McKinley to Curbline Properties. The reported $5.4 million price translates to roughly $742 per square foot, providing a per-area measure of the transaction’s value.
What is known about the property
The report identifies the asset as a retail property in Winter Garden but does not provide its address, tenant roster, occupancy, or lease details. It also does not specify when the sale closed or whether the property includes any additional uses.
Buyer profile
Curbline Properties is described as a self-managed real estate investment trust. The reported transaction confirms the company’s acquisition of the Florida property, but the available details do not outline its investment strategy or explain how the asset fits into its broader portfolio.