Seminole Towne Center mall loses Burlington store

Welcome to Orlando Business Journal's weekly LinkedIn newsletter. I'm Digital Producer/Senior Staff Writer Richard Bilbao, rounding up Orlando business news to keep you in the know when time is short.

Burlington has moved from its space at the Seminole Towne Center.

The Burlington, New Jersey-based retail chain — part of Burlington Stores (NYSE: BURL) — left its space at the Sanford indoor shopping mall, according to outdoor signage at the mall.

The Burlington store relocated to the Marketplace at Seminole Towne Center at 1301 WP Ball Blvd., where it has leased?35,811 square feet of space , which is nearly half of what it had at the mall. It opened Oct. 14 in the space that formerly housed a Stein Mart. That shopping center is owned by CBRE Global and Fairbourne Properties.

Burlington previously opened in the mall in 2012, where it took over the lower level of?the former Belk department store , while Dick's Sporting Goods took the second floor. In total, the Burlington store has vacated 61,948 square feet of space at 350 Towne Center Circle.

Learn more about the deal here.

And now onto other big business deals, transactions and activity headlines from the week.

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Real estate news of the week

Check out some of the biggest names in local real estate and what they're up to:

• Exclusive: Clermont land sells to Costco for Plaza Collina store : Costco has purchased the land in Clermont where it intends to build a new, long-rumored store.
• New downtown Orlando project with 25-story high-rise in the works : A new mixed-use project has entered downtown Orlando's development pipeline and includes a 25-story apartment tower and a new office building.
• Melbourne Publix shopping center sold to CrossMarc Services for big profit : Winter Park-based CrossMarc Services has made its third retail shopping center acquisition in 2022.
• Unicorp's O-Town West in Orlando to get first Tao Hotel luxury resort : Unicorp National Developments Inc.'s $1 billion-plus O-Town West mixed-use development has landed a first-of-its-kind resort concept.

(Personal note from Richard: Costco has become one of my family's favorite places to grab lunch on a weekend. My kids love the hotdogs and my wife is a fan of the pizza there. As for me, I cannot complain that we can feed the family for less than $10. It's a great deal ... until you walk inside and buy a 50-count box of tape.)

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Orlando news bites

You don't want to miss these top stories:

• Orlando lands marquee U.S. Olympics event for 2024 : Downtown Orlando will be the stage for the 2024 U.S. Olympics Team Trials — Marathon event.
• See the city of Orlando’s highest-paid employees : The city of Orlando has about 267 employees with an annual compensation of $100,000 or more as of July, according to the most recent data available.
• Exclusive: I-Drive Bass Pro Shops property next to Dezerland put up for sale : An International Drive property that is home to Bass Pro Shops and adjacent Dezerland Park Orlando has been put up for sale.

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Restaurant news & notes

We're always hungry for new places to eat. Check these out:

• Chicago Potbelly Sandwich Shop restaurant chain to enter Orlando : Potbelly Corp (Nasdaq: PBPB) has inked a multi-development deal to bring shops to Orlando.
• Chicharron Grill to open in Orlando food hall soon : Chicharron Grill, a new Puerto Rican restaurant, is set to open in December at the Marketplace at Avalon Park at?3801 Avalon Park Blvd.?
• Rise Southern Biscuits & Righteous Chicken to open Orlando restaurants : North Carolina restaurant chain Rise Southern Biscuits & Righteous Chicken inked a multi-unit deal that includes?opening its first Florida location in Winter Park?early next year.
• Orlando restaurant strategies to attract holiday customers : As the most wonderful time of the year is approaching, many Orlando restaurants have announced holiday specials to get customers through the door.?

Nominations & Events

Things to put on your busy calendar:

• Nominations now being accepted for 2023 Women Who Mean Business
• Register now for the 2022 Community Impact Luncheon, set for Nov. 29.

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Finally ... make your voice heard!

Several?OBJ?polls are live. Click on one to let us know what you're thinking.

• Should Orange County revive the convention center expansion project?
• Will your company see a lower or higher profit this year?

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That's all for this week's top headlines, and thanks for supporting?OBJ.

This weekly round-up of Orlando business news was compiled by Richard Bilbao,?OBJ's digital producer and senior staff writer. Questions? Comments? Concerns? News tips? Send them to [email protected].