(Crystal Proenza is associate editor of Real EstateFlorida.)

LAUDERDALE LAKES, FL-The recent sale of Lakes Mall, located atthe intersection of State Road 7 and Ocean Park Boulevard, is justone of a number of transactions owner UrbanAmerica LP will becompleting in coming months. The New York City-based investmentadvisor firm is in the process of liquidating its Fund I, DaveMonzella, vice president of acquisitions, tells GlobeSt.com. Theportfolio includes 10 remaining retail, office and mixed-useproperties, most of which are located in Florida.

The 254,690-square-foot Lakes Mall was purchased byUrbanAmerica's Fund I in 2000 for $5.6 million. Since the originalpurchase of the mall, UrbanAmerica has retenanted the property withanchors including Office Depot, Ross Dress for Less and Anna'sLinens. The 99%-leased mall has been sold to RMS Properties for$9.4 million.