Foundry Commercial Contracted to Develop Retail at Trelago in Maitland, FL
Posted on December 10, 2018
MAITLAND, Fla. (November 30, 2018) – Foundry Commercial, the multi-city commercial real estate firm with offices across the Southeast and Texas, has contracted to develop the retail at Trelago, a 14-acre site on Maitland Boulevard between Interstate 4 and North Maitland Avenue.
Owned by a member of the Battaglia Group, the property has garnered interest from both casual and fine-dining restaurants, a day spa and salon, among other retail and service tenants.
“This site is one of the premier retail development sites in Central Florida, and Foundry welcomes the opportunity to attract top-tier tenants to the retail site, building upon the quality of the vision and existing development as established by The Related Group, the Master Developer, and the Battaglia Group,” said Jimmy Grisham, Managing Director of Foundry Commercial. “As we start to sign agreements with new tenants, we’re excited to share with the community which stores and restaurants they’ll be able to start frequenting in this retail center.”
The entire Trelago project is a 65-acre mixed-use development. Beyond the retail component, that is entitled for up to 130,000 square feet of retail uses, the larger Trelago also includes a 350-unit luxury lakefront luxury apartment community called Town Trelago, which is now open for leasing through The Related Group. Trelago also has three additional lots that are entitled for another 250,000 square feet of office, hotel and health care-related institutional uses.
Originally founded as CNL Commercial Real Estate in 2007, Foundry Commercial rebranded and recapitalized three years ago. Headquartered in Orlando, Foundry has been strategically focused on the southeastern growth markets and Texas which comprises 11 offices in seven states. Now with more than 300 professionals across the Southeast and Texas, the organization leases and manages 50 million square feet and has invested $1 billion in real estate assets through joint venture partnerships with some of the leading institutional investors in the country. In the retail segment alone, Foundry currently leases and manages nearly 11 million square feet of shopping centers.
About Foundry Commercial
Foundry Commercial is a full-service real estate services and investment company with 300 employees and more than 50 million square feet of management and leasing across the Southeast and Texas. Foundry provides corporate services, brokerage, leasing, building management and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the Country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control more than one billion in advantaged investment opportunities with their JV partners. Foundry Commercial was founded as CNL Commercial Real Estate in 2007 and launched as Foundry in 2015 through a management-led buyout. For more information, visit www.foundrycommercial.com.
Lauren Leetun, APR