Buyer got $54 million in financing for Lakeland shopping center

The Baltimore real estate investment firm CRC bought the open air center in Polk County for nearly $78 million earlier this year.

  • By Louis Llovio
  • | 5:30 p.m. September 20, 2023
  • | 0 Free Articles Remaining!
A Baltimore real estate investment firm bought Lakeside Village in Polk County.
A Baltimore real estate investment firm bought Lakeside Village in Polk County.
Image via JLL
  • Tampa Bay-Lakeland
  • Share

The nearly $78 million sale of Lakeside Village in Lakeland to a Baltimore investor in June was completed in part with $53.7 million in acquisition financing.

According to Berkadia, a commercial real estate services and commercial mortgage originator, the loan is for five years and was issued by City National Bank of Florida.

Berkadia arranged the financing for the real estate investment firm Continental Realty Corp.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • December 7, 2025
Tennessee investor pays $13 million for Fort Myers medical office
  • December 6, 2025
St. Pete asks residents to design its next creative neighborhood
  • December 5, 2025
Charlotte warehouse developer once jailed over alleged Hamas connection
  • December 5, 2025
Report: 4 markets in region among top 10 nationally in home price cuts

Sponsored Content