1479 Town Center Dr, Lakeland, FL, 33803-7972, US

Lakeside Village

Asset description

Jones Lang LaSalle Americas, Inc. ("JLL"), a licensed real estate broker - s pleased to exclusively offer the opportunity to acquire a fee simple interest in one of Central Florida’s premier mixed-use open air centers, Lakeside Village, located in Lakeland, FL. . Lakeside Village contains ±548,931 square feet (of which 454,872 square feet is owned) of retail and office space. Developed in 2005, Lakeside Village is anchored by an 18-screen CMX Cinemas (formerly Cobb Theater), Kohl’s (not owned), Belk, Bed, Bath & Beyond and Books-A-Million and features an exciting lineup of nationally prominent retailers and some of the industry’s most successful restaurant concepts.

Lakeside Village represents the opportunity to acquire a truly regionally dominant mixed-use asset of scale in a high growth Florida market with the optimal combination of a best-in-class tenant roster, strong sales performance, stable cash flow, compelling NOI growth and significant upside potential.

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Attributes

Building area Net

548,931 sf

Occupancy

93.00%

Year built

2005

Media

Investment highlights

Highly accessible location situated at the epicenter of the thriving I-4 corridor ideally positioned between the strong growth markets of Orlando and Tampa.

Super regional draw with 5.5 million visitors per year from an expansive trade area extending well over 15 miles with 498,237 residents

Booming Central Florida economy with nation leading population, job, and wage growth lead by out sized logistics and growth in the technology sector.

Institutionally owned and managed since delivery in 2005