Expert team at SVN Commercial Advisory Group selected to manage lease of movie theater complex next to Ellenton Outlet Mall in growing Manatee County, Florida
Ellenton, Fla. (January 25, 2019) – SVN Commercial Advisory Group is offering a build-to-suit opportunity for a movie theater or other entertainment concept to be located on eight acres adjacent to the Ellenton Outlet Mall in Manatee County. Owned by a local businessman, the site has been approved for up to a 50,000 square feet movie theater, 330-room hotel, and up to120,000 square feet for commercial use.
Drawing more than four million visitors annually, the Ellenton Outlet Mall is one of the largest shopping destinations in the region. The offered property is also located next to the Ellenton Ice and Sports Complex, which has two rinks and hosts hockey tournaments and figure skating events.
“There is strong demand from local residents and support from Manatee County Commissioners for a movie theater or other entertainment related concept on the property,” said Matt Fenske, advisor with SVN CAG. “We’re excited to be selected to market the property as it’s already creating a lot of activity and buzz.”
Manatee County continues to be one of the fastest growing regions in the country, with significant and continued growth along the US-301 corridor in Ellenton and Parrish. The significant amount of new home construction to the east of this site has increased demand for retail, restaurants, and entertainment options in this area. Additionally, infrastructure improvements to the roads leading to the site and at the U.S. 301 and I-75 interchange are under design, supporting planned and potential growth in the area.
“This area of north Manatee County is seeing an explosion of new residential development that includes tens of thousands more homes that have already been approved and are under development, including a new high school and college campus,” said Tony Veldkamp, CCIM, Senior Advisor at SVN Commercial Advisory Group. “Close to Tampa and St. Petersburg to the north and Sarasota/Bradenton to the south, Ellenton has become a bedroom community to many residents working in those areas, and the nearest movie theater is over 10 miles away. This property will play a key role in the community’s continued growth.”