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

Property Image
SOLD
$78,000,000
Eric Williams
Danny Finkle

Florida

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Retail460,000 SF
Sold 07/03/2023
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Property Image
SOLD

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

1479 Town Center Dr Lakeland, FL 33803, USA

See Similar Deals
Retail460,000 SF
Sold 07/03/2023
Eric Williams
Danny Finkle
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$169
Total Square Footage:460,000 SF
Transaction Type:Sale

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.

Players

Danny Finkle
JLL
Danny Finkle
57 deals$3.9B volume
BROKER
Eric Williams
Newmark
Eric Williams
52 deals$2.8B volume
BROKER
Continental Realty Corporation
Continental Realty Corporation
BUYER
CC
Continental Realty Corp.
BUYER

Details

SOLD
IMAGE: Danny Finkle & Eric Williams DATE: 07/03/2023 ADDRESS: 1479 Town Center Drive MARKET: Lakeland ASSET TYPE: Retail ~ ACRES: 88 BUYER: Continental Realty Corp. SELLER: CASTO BROKERS: Danny Finkle & Eric Williams - JLL SALE PRICE: $78,000,000 SF: 460,000 ~ PPSF: $170 NOTE: Continental Realty Corp. has purchased Lakeside Village, a retail center in Lakeland, Florida, for $78 million. The property, anchored by national tenants and comprising 460,000 square feet, will undergo $3 million in renovations.

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