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What's Happening in Winter Park, FL…

Mixed-use property in Winter Park changes ownership

Hannibal Square, a mixed-use property in Winter Park, has been acquired by Demetree Global.

Announcements of such acquisitions and their benefits for a community are often made known with flyer printing.

The property comprises nine buildings and spans close to 169,000 square feet. It is on West New England Avenue and intersects with West Welbourne Avenue. It is within walking distance of downtown Winter Park. Park Avenue, and Rollins College.

Hannibal Square has 103 residential units, the average size of which is 745 square feet. There is also 92,034 square feet of commercial space which is made up of both office and retail space, among which are restaurants, salons, and boutiques. This mix of both office and retail space makes it convenient for its residents.

The headquarters of Demetree Global are close to the property, which the company says will help it to better manage the property. The Managing Partner of Demetree Global, Seth Heller, said that by focusing on the premier properties within close proximity of their offices, the company continues to strengthen its holdings and its relationship to the community.

Mary Demetree, chairwoman of the company, said that it plans to capitalize on the prime location of Hannibal Square and its mixed-use potential to driver diversification and growth. It is also planning to carry out operational enhancements and selective renovations to enhance the appeal of the property.