Margate, Fla. — Lakewood Shopping Center is 236,679 square feet.
Margate, Fla. — North American Development Group (NADG) has acquired the 236,679-square-foot Lakewood Shopping Center in Margate for $31.5 million. Marshalls, Ross Dress For Less and Staples anchor the center. Also included in the sale were outparcels occupied by Walgreens, Burger King, Applebee’s and Bank of America.
A Walmart Supercenter, TD Bank, Boston Market, Denny’s and a McDonald’s on the property are separately owned and were not included as part of the sale. Casey Rosen, Dennis Carson and Nikolas Kozy of CBRE Group’s Atlanta office represented the seller, a wholly owned subsidiary of Inland American Real Estate Trust, in the transaction.