The Oak Brook, IL-based REIT paid RKM Lakeview Inc. of St. Petersburg, FL $6.15 million or $112.25 per sf for Lakeview Plaza, a four-year-old, 96%-leased property at 2340 Fortune Rd., about 15 minutes from Walt Disney World. The acquisition is one of 12 Southeast properties the REIT closed in the last two weeks of last year.
Inland assumed an existing loan of about $3.3 million from Nationwide Life in the deal. Robert J. Sullivan, president of RJS Realty Group in West Palm Beach negotiated for RKM and that firm's principals, Rich Maloof and Bill Loyd. Steve Sanders, senior vice president of Inland Real Estate Sales Inc. represented Inland.
Sanders calls Lakeview Plaza "an excellent property in a great location." He tells GlobeSt.com, "You can't do much better than a Publix-anchored center in the heart of Central Florida." The center has 12 tenants.
Sullivan says the center's size and tenant mix are "perfect for its trade area" and "should prove to be an excellent addition to Inland's portfolio."
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
