Polk County: Chicago industrial developer starting Lakeland spec project

BUYER: MP Lakeland Logistics JV Co. LLC (AEW Capital Management LP), Chicago
SELLER: 40 Acre Corp.
PROPERTY: 2011 U.S. Highway 92 W. and a portion of Wabash Avenue, Lakeland
PRICE: $2.23 million
PREVIOUS PRICE: $8,000, June 1975 and $100, January 1963

SELLER: J.K. Properties Inc.
PROPERTY: 621 Lake Parker Ave., Lakeland
PRICE: $450,000
PREVIOUS PRICE: $150,000, December 1993
LAW FIRM ON DEED: Stanley, Esrey & Buckley LLP, Atlanta

PLANS, DESCRIPTION:
Ridge Development purchased a total of 46.5 acres of land, including an existing truck stop, for $2.68 million.