Continental Realty Corp. Acquires Lakeside Village Retail Center In Lakeland For $78M

1479 Town Center Dr Lakeland, FL 33803, USA

$78,000,000

$169/SF

Building Size

460,000 SF

Asset Type

Retail

Closing

Jul 3, 2023

AI

Continental Realty Corp. has purchased Lakeside Village, a retail center located at 1479 Town Center Drive in Lakeland, Florida, for $78 million. The property spans across 88 acres and consists of 460,000 square feet. The sale price of $78 million translates to a price per square foot of $170. The retail center is anchored by national tenants and will undergo $3 million in renovations.

Summary of transaction details

Property Type: Retail
Transaction Amount: $78,000,000
Address: 1479 Town Center Drive
Market: Lakeland
Acres: 88

The buyer of Lakeside Village is Continental Realty Corp., while the seller is CASTO. The deal was facilitated by Danny Finkle and Eric Williams from JLL, who represented both sides of the transaction.

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