Kenneth Bernstein Of Acadia Realty Trust Purchases Retail Asset From Duane Stiller And Kamal Bhatia For $68M

The property asset involved in the transaction is located at 6330 Lantana Road in the Lake Worth market. This retail asset sold for $68,000,000.00 and encompasses a total area of 96,586 square feet.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $68,000,000.00
• Address: 6330 Lantana Road
• Market: Lake Worth
• Square Footage: 96,586.0
• Buyer: Kenneth Bernstein - Acadia Realty Trust
• Seller: Duane Stiller - Woolbright Development; Kamal Bhatia - Principal Asset Management
• Brokers: Mark Gilbert - Cushman & Wakefield, Adam Feinstein - Cushman & Wakefield

In this transaction, Kenneth Bernstein represents Acadia Realty Trust as the buyer, while Duane Stiller and Kamal Bhatia represent Woolbright Development and Principal Asset Management, respectively, as the sellers. The brokers involved in facilitating the deal are Mark Gilbert and Adam Feinstein, both from Cushman & Wakefield.