Integra Investments Acquires Lantana Village Square Shopping Center For $14.85M

Integra Investments has acquired the Lantana Village Square shopping center in Lantana for a price of $14.85 million. The property is spread across 18.6 acres and includes addresses at 1201, 1301 S. Dixie Highway, and 457 Greynolds Circle. The retail asset spans an area of 164,951 square feet with a price per square foot of $90. The buyer's representative in the deal was Victor Ballestas from Integra Investments, while the seller was Saglo Development. The transaction was financed by Bradesco Bank.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,850,000
• Address: 1201, 1301 S. Dixie Highway & 457 Greynolds Circle
• Market: Lantana
• Acres: 18.6
• Square Footage: 164,951
• Price Per Square Foot: $90
• Buyer: Integra Investments - Victor Ballestas
• Seller: Saglo Development
• Lender: Bradesco Bank

Integra Investments plans to revitalize a part of the shopping center, specifically the vacant Kmart space, into affordable apartments through the Live Local Act. This redevelopment initiative aims to provide modern multifamily housing for the local workforce in the area.