HometestSaglo Acquires Gateway Station Shopping Center
Saglo Acquires Gateway Station Shopping Center
An affiliate of Saglo Development (“Saglo”) acquired Gateway Station Shopping Center on July 18th, 2019. The 86,558 square foot retail center sits on the corner of E. Osceola Parkway and Michigan Avenue, adjacent to both Walmart Supercenter and the new Tupperware SunRail Train Station. The tremendous growth in the immediate area, including a new Orlando Health Facility and new housing communities, as well as the proximity to the Florida’s Turnpike were the primary reasons why Saglo pursued this acquisition. This marks the 20th property in its 1.7 million square foot portfolio.
Miami-based Saglo first entered the Central Florida market late 2018 with the acquisition of Goldenrod Marketplace, 15 miles to the Northeast. Saglo plans to continue adding commercial properties to its portfolio throughout Florida and the Southeast. For inquiries, please contact Kristina Remington, Director of Acquisitions, at email@example.com.
Hue Chen is the Vice President of Acquisitions for Saglo Development Corporation and is responsible for increasing Saglo’s portfolio of properties. After graduating from the University of Florida in 1999, with a major in Finance, Hue started his career in commercial real estate as a retail leasing associate. He quickly became a top producing leasing agent while working with some of the most prominent owner-developers in south Florida. Throughout his career, he has executed over 250 leases and increased the value of over 40 different shopping center, ground-up and mixed use developments in south Florida and Southwest Florida.
Hue attributes his success to a thorough understanding of the major retail markets of Florida, strong relationships with brokers and retailers, and his ability to structure leases that best fit the goals of each investment.
In 2012, Hue joined Saglo and brought with him strong proficiencies in finance, mathematics, and ARGUS as well as a real world understanding of retail shopping center leasing and value creation.