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

Property Image
SOLD
$68,000,000
Mark Gilbert
Kenneth Bernstein
+ 1

Florida

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Retail96,586 SF
Sold 03/25/2025
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Property Image
SOLD

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

6330 Lantana Road

See Similar Deals
Retail96,586 SF
Sold 03/25/2025
Mark Gilbert
Kenneth Bernstein
+ 1
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$704
Total Square Footage:96,586 SF
Transaction Type:Sale

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.

Players

Adam Feinstein
13 deals$523.9M volume
BROKER

Mark Gilbert
Cushman & Wakefield
17 deals$632.3M volume(305) 371-4411
BROKER

Kenneth Bernstein
Acadia Realty Trust
8 deals$386M volume
BUYER

SELLER

Details

SOLD
IMAGE: Kamal Bhatia, Duane Stiller, Kenneth Bernstein, Mark Gilbert & Adam Feinstein DATE: 03/25/2025 ADDRESS: 6330 Lantana Road MARKET: Lake Worth Beach ASSET TYPE: Retail BUYER: Kenneth Bernstein - Acadia Realty Trust (@AcadiaRealtyTrust) SELLER: Duane Stiller - Woolbright Development (@Woolbrightcre); Kamal Bhatia - Principal Asset Management BROKERS: Adam Feinstein & Mark Gilbert - Cushman & Wakefield (@CushWake) SALE PRICE: $68,000,000 SF: 96,586 ~ PPSF: $704 NOTE: Acadia Realty Trust acquired the 96,586-square-foot Pinewood Square shopping center and six outparcels in Lake Worth Beach for $68 million. The seller, a joint venture between Woolbright Development and Principal Asset Management, originally purchased the property for $21.8 million in 2015.

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