Press Releases
Marcus & Millichap Arranges $11.5M Sale of Retail Center in Leesburg, Florida
June 17, 2026
LEESBURG, Fla., June 17, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Leesburg Marketplace, an 81,071-square-foot retail center in Leesburg, Florida. The property sold for $11.5 million.
“Leesburg Marketplace attracted interest from investors nationwide and abroad, allowing us to create a highly competitive offering and identify the buyer best positioned to meet the seller’s expectations,” said Salim Valiani, managing director investments in Marcus & Millichap’s Orlando office. “Transactions like this demonstrate the value of combining local market expertise with a global investor network. One of the greatest advantages we provide our clients is access to capital far beyond the local market.”
Valiani exclusively marketed the property on behalf of the seller. Valiani and Alex Goodale of Marcus & Millichap procured the buyer.
Located at 1101-1107 West North Blvd., the property sits on 9.35 acres and was built in 1987. Leesburg Marketplace is 95% occupied and anchored by Dollar Tree, Ollies Bargain Outlet and U.S. Army Corps of Engineers. Additional tenants include salons, restaurants, a laundromat, fitness center, and an insurance agency. Recent upgrades include exterior and tenant buildouts and updates to the parking lot and sign.
The property is situated on West North Boulevard (U.S. Route 441), the city's central commercial corridor. It’s surrounded by shops and restaurants and near UF Health Leesburg Hospital.
“Leesburg Marketplace attracted interest from investors nationwide and abroad, allowing us to create a highly competitive offering and identify the buyer best positioned to meet the seller’s expectations,” said Salim Valiani, managing director investments in Marcus & Millichap’s Orlando office. “Transactions like this demonstrate the value of combining local market expertise with a global investor network. One of the greatest advantages we provide our clients is access to capital far beyond the local market.”
Valiani exclusively marketed the property on behalf of the seller. Valiani and Alex Goodale of Marcus & Millichap procured the buyer.
Located at 1101-1107 West North Blvd., the property sits on 9.35 acres and was built in 1987. Leesburg Marketplace is 95% occupied and anchored by Dollar Tree, Ollies Bargain Outlet and U.S. Army Corps of Engineers. Additional tenants include salons, restaurants, a laundromat, fitness center, and an insurance agency. Recent upgrades include exterior and tenant buildouts and updates to the parking lot and sign.
The property is situated on West North Boulevard (U.S. Route 441), the city's central commercial corridor. It’s surrounded by shops and restaurants and near UF Health Leesburg Hospital.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
