Newport Capital Partners Acquires Shoppes at South Semoran, Expanding Florida Footprint

Newport Capital Partners, a Chicago-based real estate investment manager specializing in necessity-based neighborhood and community retail centers, is pleased to announce the acquisition of Shoppes at South Semoran, a multi-tenant community retail center located in Orlando, Florida.

The transaction marks Newport’s continued expansion in Florida, one of its target metro areas, and reflects its strategic commitment to investing in densely populated submarkets anchored by essential, everyday retail tenants.

“Shoppes at South Semoran represents exactly the type of asset Newport targets: well-located, necessity-driven retail in a strong demographic corridor,” said Ben Andrews, Head of Investments at Newport. “We believe our vertically integrated platform and active management approach will unlock meaningful value through leasing and merchandising initiatives.”

The property benefits from high visibility and traffic along Semoran Boulevard, proximity to key residential neighborhoods, and an established tenant base that includes essential service providers and daily needs merchants. Newport intends to implement a tailored asset management plan to enhance the center’s merchandising mix, capitalize on upcoming lease rollover, and pursue accretive outparcel or redevelopment opportunities.

“Retail continues to evolve toward proximity, convenience, and resilience,” said Josh Kagan, President and Partner. “As investors increasingly recognize the durability of everyday retail, assets like Shoppes at South Semoran present compelling opportunities to drive both income and appreciation.”