Target Information

On March 14, 2025, Demetree Ventures and Jenkins Capital, through their entity 2015 Aloma Avenue Corporation, acquired the property located at 2011 Aloma Avenue from Fifth Third Bank for $1.9 million. This acquisition is a pivotal moment in the ongoing development of the Aloma Shopping Center in Winter Park, Florida, a vision initiated over 60 years ago by pioneering Central Florida homebuilders, William 'Bill' Demetree and William 'Bill' Jenkins.

The acquisition solidifies the partners' ownership of the entire property stretch from St. Andrews Boulevard to Lander Road along Aloma Avenue, emphasizing their long-term dedication to the community and the continued thriving of the Aloma Shopping Center.

Industry Overview in Florida

The retail sector in Florida, particularly in the Winter Park area, has displayed resilience and adaptability over the years. The Aloma Shopping Center, strategically located in an area bustling with consumer activity, showcases a diverse mix of retail offerings that cater to local residents. Major tenants, including Publix and Aloma Cinema Grill, not only draw foot traffic but also strengthen the center's position as a community hub.

The Florida retail industry has evolved significantly, driven by changing consumer preferences and technological advancements. With an increasing emphasis on experiential retail, shopping centers have been compelled to invest in enhancements that elevate customer experience while integrating modern conveniences. The presence of both large and small retailers, as seen in the Aloma Shopping Center, exemplifies the balanced approach that has become essential in today’s market.

Furthermore, the Central Florida market demonstrated growth even amid economic fluctuations, showcasing commendable performance in both commercial and residential sectors. This growth heralds potential for further investment opportunities, particularly in established centers that have cultivated a loyal customer base over decades.

With increasing interest in sustainable and community-focused development, there is a growing expectation for retail spaces to serve as platforms for local businesses and events. This shift is manifested in the Aloma Shopping Center's ongoing developments and enhancements driven by the legacy families behind it.

Rationale Behind the Deal

The acquisition of 2011 Aloma Avenue marks a strategic move towards completing the original vision for the Aloma Shopping Center as an integrated shopping destination. This final piece of property allows the partners to align their historical investments with contemporary demands, reinforcing their commitment to providing a diverse array of services that benefit the local community.

Moreover, this purchase symbolizes a long-standing tradition among the families involved, who have historically nurtured the growth of the center over the past six decades. By acquiring this property, the partners will not only enhance the shopping center's offerings but also contribute to its legacy and ongoing relevance in Winter Park.

Information About the Investor

Demetree Ventures and Jenkins Capital are prominent players in the Florida commercial real estate landscape, known for their commitment to community-centered development. Both firms are led by individuals with deep familial ties to Central Florida, ensuring that their investment strategies prioritize local needs and historical context.

The partners, represented by executives such as Matt Clement and Seth Heller, bring a wealth of expertise in managing and developing commercial properties. Their long-term approach reflects a dedication to nurturing the vitality of Winter Park while pursuing innovative ventures that align with market needs.

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This acquisition by Demetree Ventures and Jenkins Capital is positioned as a positive investment within the evolving retail landscape of Winter Park. By completing the Aloma Shopping Center, the partners not only enhance their asset portfolio but also provide a platform that supports local businesses and fosters community engagement.

Investing in established properties with historical significance, such as this one, yields opportunities for long-term growth, especially in markets that exhibit consistent demand. With their focus on maintaining a diverse tenant mix, the partners are likely to sustain steady foot traffic and community loyalty.

Furthermore, this acquisition exemplifies a strong alignment with emerging retail trends that prioritize local investment and experiential offerings. As Florida's economic landscape continues to evolve, the proactive approach of these investors suggests they are well-positioned to capitalize on future growth and community needs.

In conclusion, this deal signifies not only a financial investment but a commitment to the community, enhancing the vibrancy of Winter Park while continuing a legacy of careful, thoughtful development.

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