Retail growth fueling spree on shopping centers

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Investors are taking notice of Central Florida shopping centers, spending big money on properties in the busiest retail corridors.

A spree of recent sales from local and national investment firms are showing high prices for properties.

And real estate firms report vacancies are down across Metro Orlando. The tenant mix is also changing from boutique stores to food, medical and fitness centers.

“Some of the better shopping centers are seeing rates that were unheard of a year or two ago,” said Bobby Palta, first vice president with real estate firm CBRE in Orlando.

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