Avanti Way Realty Arranges $7.1M Sale of Retail Center in Lakeland, Florida

by John Nelson

LAKELAND, FLA. — Avanti Way Realty has arranged the $7.1 million sale of Shoppes at Lakeland Square Mall, a 44,375-square-foot retail center located at 4000 U.S. Highway 98 in Lakeland. Carrera Family Investments purchased the property in a 1031 exchange from an entity doing business as Lakeland Retail. Maria Gueits of Avanti Way Realty represented the buyer, and Anthony Bernabe and Jordan Characo of Equity Commercial Real Estate Solutions represented the seller in the transaction. Shoppes at Lakeland Square Mall was fully leased at the time of sale to tenants such as Ollies Bargain Outlet, All About Puppies, My Salon Suite, Regal Nails Salon & Spa and VidaCann, among others. The two-building property is situated on 4.5 acres adjacent to Lakeland Square Mall, an enclosed shopping mall anchored by Burlington, Dillard’s, JC Penney and Re-Sale America.

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