JV Sells Off 705K-SF Lakeland Warehouse for $70.5M

Parkway and Silverpeak Real Estate Partners sold LCP 200, a 705,000-square-foot industrial building at Lakeland Central Park, for $70.5 million.

LCP 200, located in the Lakeland Central Park along Polk Parkway in Lakeland, Florida, was acquired by Ashley Furniture. 

Cushman & Wakefield’s Jared Bonshire, David Perez, Taylor Zambito, Ryan Hubbard, Lisa Ross and Trey Carswell represented Parkway in the sale of LCP 200.

The sale of LCP 200 paves the way for Parkway’s immediate expansion of Lakeland Central Park. Key elements of the next phase include:         

·           New Speculative Facility: Construction of LCP 300, a new 260,000-square-foot cross-dock industrial building.

·           Additional Pad-Ready Sites: With the completion of Phase 2, every site within the park will be pad-ready, accelerating delivery timelines. Available sites range in size to accommodate 162,000 to 1,650,000 square feet. 

Upon full completion, Lakeland Central Park will feature up to five million square feet of industrial space. 

The post JV Sells Off 705K-SF Lakeland Warehouse for $70.5M appeared first on Connect CRE.

​