Kimco Realty Sells Shoppes of Sherbrooke for $10.5M

Cole REIT Advisors III LLC, a real estate investment trust based in Phoenix, Arizona, acquired the Shoppes of Sherbrooke at 8918-8954 Lantana Rd. in Lake Worth, FL for $ 10.5 million, or approximately $ 132 per square foot.

The 79,468-square-foot retail building was built in 2004 and is located in the Boynton/Lantana submarket. The property was 100 percent occupied at time of sale. Tenants include LA Fitness and CVS Pharmacy.

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South Florida Commercial Real Estate News From CoStar Group