#United States #Winter Park #Demetree Ventures #Jenkins Capital

Significant Milestone for Winter Park

In a landmark transaction, Demetree Ventures and Jenkins Capital, through their partnership as the 2015 Aloma Avenue Corporation, successfully acquired the property at 2011 Aloma Avenue from Fifth Third Bank for a total of $1.9 million on March 14, 2025. This acquisition symbolizes a pivotal advancement in the legacy of the Aloma Shopping Center, completing a visionary project that has flourished for over six decades.

The vision for Aloma Shopping Center was initiated by two influential homebuilders from Central Florida—William 'Bill' Demetree and William 'Bill' Jenkins—who laid the foundation for this vibrant shopping destination in Winter Park. With the addition of this newly acquired property, the partners now maintain ownership of the full expanse from St. Andrews Blvd. to Lander Road along Aloma Avenue. This accomplishment accentuates their ongoing commitment to the local community and highlights their ambition for the continued prosperity of Aloma Shopping Center.

Matt Clement, Principal at Jenkins Capital, expressed the significance of this acquisition, stating, "This is more than just a real estate acquisition - it's the fulfillment of a shared vision that began in the 1960s. Our families have remained committed to Winter Park for generations, and we look forward to carrying that tradition forward while exploring new opportunities to enhance this area."

For over sixty years, the efforts of the Demetree, Jenkins, and Clement families have significantly contributed to the growth and relevance of Aloma Shopping Center in the Winter Park community. The legacy is carried on today by notable family members including Mary Demetree, Ann Clement, Sara Jenkins, and Matt Clement, who are actively expanding their investment in the region, affirming their dedication to preserving and enhancing Winter Park's commercial environment.

The recently acquired corner parcel at 2011 Aloma Avenue stands right next to the popular Mellow Mushroom and is regarded as the final piece of the puzzle in creating a fully integrated shopping center. The Aloma Shopping Center houses well-known establishments such as Publix, Aloma Cinema Grill, Pet Supermarket, Mellow Mushroom, Dunkin', and Centennial Bank, ensuring it remains a staple for residents, providing a strong mix of shops and services.

"This acquisition represents more than just strategic growth - it symbolizes a continued partnership built on trust, tradition, and a shared commitment to bettering our community," mentioned Seth Heller, Managing Partner of Demetree Global. He emphasized the importance of adhering to the vision set forth by co-founder Bill Demetree, stating, "By focusing on the diamonds in our backyard, we remain dedicated to thoughtful, local investment. We're excited for what the future holds as we look to expand our partnerships and explore new opportunities to invest in Winter Park."

With the culmination of this acquisition, Demetree Ventures and Jenkins Capital reaffirm their focus on long-term, community-oriented investments and eagerly anticipate future projects that will promote the neighborhood's growth. The completion of the transaction highlights the partners' unwavering commitment to Winter Park, creating a favorable environment that prioritizes the essence of local dedication and progressive development. This significant step forward not only enhances the existing commercial landscape but also serves as a testament to the enduring legacy of two pioneering families committed to the continual betterment of the Winter Park community.

With future initiatives on the horizon, the local community can look forward to continued enhancement and investment in the vibrant landscape of Winter Park.