Mishorim Orange LLC And Gold Orange LLC Acquire Westland Lake Plaza From Christopher Conlon For $13.5M

The property involved in this transaction is a retail asset located at 6000 Lake Gray Boulevard in Jacksonville, featuring a total area of 17.06 acres. The shopping center, known as Westland Lake Plaza, encompasses 165,087 square feet and was constructed in 1989. The sale price for this asset was $13,500,000, which translates to a price per square foot of $82.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,500,000
• Address: 6000 Lake Gray Boulevard, Jacksonville
• Asset Size: 17.06 acres
• Square Footage: 165,087 SF
• Price Per Square Foot: $82
• Buyer: Mishorim Orange LLC & Gold Orange LLC
• Seller: Christopher Conlon - Washington Prime Group
• Broker: Maoz Goldshtein

The transaction highlights the involvement of Mishorim Orange LLC and Gold Orange LLC as the buyers of the shopping center from the seller, Christopher Conlon, who represents Washington Prime Group. The deal was facilitated by broker Maoz Goldshtein, ensuring the successful transfer of ownership for the property that hosts tenants including Burlington, Guitar Center, and LA Fitness.