Kissimmee shopping center’s new owner plans to expand

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

A retail center in Osceola County has traded hands in a multi-million-dollar transaction — and its new owner plans further development on the property.

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Orlando-based 7400 Southland LLC, an entity related to private investor Daniel Dillon, bought the 47,604-square-foot Fountains Town Center at 2910 Pleasant Hill Road south of Kissimmee on July 14 for $8.7 million, Osceola County records showed. The seller was St. Cloud-based Pleasant Hill Plaza LLC, an entity registered to Randy Sheive.

Marcus & Millichap Inc. Orlando investment specialists Tarek Chbeir and Braden Dwyer represented the seller of the two-story property, which was built in 2007. Real estate and property management firm Legacy Realty of Central Florida, which is owned by Jolene Sheive, represented the seller in the transaction.

Click here to read the full story on the Orlando Business Journal’s website.

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Video: Kissimmee approves $12M plan to convert motel into affordable housing This week, Kissimmee moved forward with its $12 million plan to convert a motel into affordable housing. (Daryl Matthews, WFTV.com)

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