Shopping center that houses Ollie’s, other small stores, sells for .1.M
Shopping

Shopping center that houses Ollie’s, other small stores, sells for $7.1.M

Shopping center that houses Ollie’s, other small stores, sells for .1.M

The Shoppes at Lakeland Square Mall, anchored by Ollies Bargain Outlet, has been acquired by Carrera Family Investments Inc. of Miami. 

The multi-tenant shopping center with 44,375 square feet of retail space is located at 4000 U.S. 98 in Lakeland, though its entrances are off of Sleepy Hill Road and Mall Hill Drive, just behind the Chick-fil-A.  

The center covers 4.48-acres and was sold in a 1031 Exchange for $7.1 million from Lakeland Retail, according to an Aug. 10 news release from Avanti Way Realty. A 1031 Exchange – a term taken from an Internal Revenue Service form – allows capital gains taxes to be deferred through a swap of one real estate investment property for another, according to Investopedia. 

Oakbridge remodel:Publix plans to demolish and rebuild its Oakbridge store in Lakeland

Lakeland Square anchor:Burlington store in North Lakeland will relocate across US 98 in the fall

Downtown convenience store:Bodega Market coming to space currently occupied by Silver Ring Cafe

The corporation buying the center listed Jose Carrera as its president and Zoraida Carrera as vice president. Both have the same Miami address, state records show. 

https://www.theledger.com/story/business/2022/08/17/the-shoppes-at-lakeland-square-mall-bought-by-carrera-family-investments-miami-anchor-ollies-outlet/10337313002/