CORE Acquires Dellagio Town Center for $37.5M

Author

Slice of Real Estate Team
March 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

Notable Quote:

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"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.