Brookfield Properties Acquires Industrial Property In Lakeland For $27.3M

The industrial property located at 2929 Old Tampa Highway in Lakeland has been sold in a recent transaction. The property, spanning 211,113 square feet, was sold at a price of $27,300,000, resulting in a price per square foot of $129. The sale took place on 12/13/2021.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $27,300,000
• Address: 2929 Old Tampa Highway
• Market: Lakeland

The buyer of the property was Brookfield Properties, while Morris Realty Co. acted as the seller. The sale was facilitated by the brokers Mike Davis, Rick Brugge, Rick Colon, Zachary Eicholtz, Chloe Strada, and Dominic Montazemi from Cushman & Wakefield.