KISSIMMEE, Fla., Feb. 3, 2021 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the exclusive listing for sale of Tupperware Brands Corporate Headquarters, located at 3175 N Orange Blossom Trail. The campus is situated on 43 acres and is 100% triple-net leased to Tupperware Brands in Kissimmee, Florida. The price is open bid.
“In 1953, Tupperware bought more than 1,000 acres for its global headquarters and opened this sprawling campus,” said Douglas K. Mandel, IPA executive managing director. “The land is now being further developed with the goal of creating a mixed-use environment with amenities and services that provide a state-of-the-art corporate experience.” Mandel and Barry M. Wolfe, senior managing director investments, are representing the seller. “The lease has a 10-plus-year term with two seven-year options to renew,” added Mandel.
The eight-building, 43-acre campus is located on U.S. Route 441, near Mary Louis Lane and Florida’s Turnpike. Downtown Kissimmee and Orlando are four and 20 miles away, respectively. Walt Disney World Resort, Universal Studios Orlando and SeaWorld Orlando are within a short drive and Orlando International Airport is 10 miles away. The Mall of Millenia and the Florida Mall, two of the country’s best- performing malls are within a 30-minute drive.
# # #
About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com