CORE Acquires Dellagio Town Center for $37.5M
Slice of Real Estate Team
Mar 27, 2025
Key Highlights:
- CORE Investment Management acquires Dellagio Town Center in Orlando for $37.5 million.
- 109,489-square-foot mixed-use retail center located in the Dr. Phillips Restaurant Row corridor.
- Strategic location near Walt Disney World, Universal Studios, and SeaWorld, with $20 billion in planned expansions nearby.
- Acquisition expands CORE's Orlando portfolio to over 1 million square feet, with total holdings exceeding 2 million square feet in Florida.
- CORE plans to revitalize Dellagio Town Center with strategic enhancements and active leasing efforts.
Source: Business Wire
Quotes
“ "Dellagio Town Center is a significant milestone for CORE as we expand our retail footprint in Orlando. Our goal is to revitalize Dellagio through active leasing and management, ensuring it once again becomes a primary destination and a cornerstone of the community." ”
Michael Lohmann, Principal & Director of Leasing at CORE
Why This Matters:
This acquisition underscores CORE Investment Management’s commitment to revitalizing experience-oriented retail properties with long-term growth potential. With Orlando’s entertainment sector poised for a $20 billion expansion, Dellagio Town Center is strategically positioned for renewed success. CORE’s proactive management approach aims to reestablish Dellagio as a key retail and dining destination in one of Florida’s most dynamic markets.
