Lakeland Shopping Center Trades for $11M
Transwestern Real Estate Services has arranged the $10.5 million sale of Lakeland Town Center, a 282,949-square-foot shopping center in Lakeland, FL. John Bell and Fred Victor of Transwestern brokered sale on behalf of the undisclosed seller. The buyer was a private equity firm.
Located at 917 E. Memorial Blvd., the 26-acre retail center was 53% leased at the time of sale and offers exposure from its position on E. Memorial Highway, one of Lakeland’s primary retail corridors.
“Lakeland Town Center’s location in a high-profile, tight retail market allows the new owner to create value through redesign or redevelopment and to strategically market the property to medical, school and business users that complement existing tenancy,” said Bell.
