LAKE CITY COMMONS SOLD FOR $10.55 MILLION

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LAKE CITY, FLA. — Lake City Commons Retail has sold the 66,510-square-foot Lake City Commons shopping center to an affiliate of the Illinois-based Inland Group for $10.55 million. Located at the interchange of U.S. Highway 90 and State Road 247 in Lake City, the 2-year-old property is anchored by a 45,600-square-foot Publix. Cliff Taylor of CB Richard Ellis' Jacksonville, Fla., office and brokers in CBRE's Miami office represented the seller.

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