An 11-property portfolio of properties along one of Winter Park's main thoroughfares has sold for $7 million and soon could be the scene of at least some redevelopment in the popular suburb.

Winter Park-based Fairbanks Winter Park LLC, an entity registered to Cory Kroeger of Kroeger & Co. Commercial & Industrial Real Estate, was the buyer in the transaction, which closed July 20.

The seller, D&G Gallagher LLP, was represented by Lee Zerivitz, SIOR, CCIM, managing partner of Winter Park-based City Commercial and 2017 CFCAR President.

The deal involved five properties fronting the south side of West Fairbanks Avenue — at 1936-1996 W. Fairbanks Ave. — and two immediately behind those, at 1965 and 1995 Kentucky Ave. Four more properties are at 1934-1970 Kentucky Ave. on the south side of the road.

The veteran Winter Park broker noted that $38 million worth of commercial transactions have taken place on Fairbanks Avenue between Interstate 4 and U.S. 17-92/Orlando Avenue.

He said that in addition to the recently sold assemblage's location, it was attractive to prospective buyers because of investment made by the city of Winter Park on the corridor.

Source:  OBJ