Orlando, Fla. -- JLL’s Capital Markets experts announced the firm has closed the sale of Lake Washington Crossing on behalf of WSRI-SRP Lake Washington, LLC.
Baltimore-based Philips Edison Group, LLC, purchased the 118,698-sq.-ft. grocery-anchored shopping center, located near Florida’s ocean coast, in the town of Melbourne.
Managing Directors Kris Cooper, Margaret Caldwell and Carson Good led the JLL team on the transaction.
“Grocery-anchored shopping centers such as Lake Washington Crossing continue to be in very strong demand from retail investors from around the country,” said Cooper.
Lake Washington Crossing is located at the intersection of Wickham Road and Lake Washington Road.