Inland Purchases Lakeside Crossing in Lynchburg for $19.8 Million

Lynchburg, Va. – Lakeside Crossing is 98.5 percent leased to 14 tenants.

Lakeside Crossing in Lynchburg, Va., is 98.5 percent leased to 14 tenants, including Mattress Warehouse, Panera Bread, Massage Envy and Zoe’s Kitchen.Lynchburg, Va. – Inland Real Estate Income Trust Inc. has purchased the Lakeside Crossing shopping center in Lynchburg for $19.8 million, according to an Inland spokesperson. Lakeside Crossing Lynchburg LLC sold the 66,906-square-foot center that features a 20,900-square-foot Fresh Market grocery store. The center is 98.5 percent leased to 14 tenants, including Mattress Warehouse, Panera Bread, Massage Envy and Zoe’s Kitchen. Lou Quilici, senior vice president of IREIT Business Manager & Advisor Inc., assisted Mark Cosenza, vice president of Inland Real Estate Acquisitions Inc., in the purchase of the property. 

— Scott Reid

 

 

 

 

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