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$26M deal adds to local firm’s Florida holdings

Jul 27, 2016

Posted by Michael Thompson on 7/27/2016 on Richmond BizSense

Continuing its acquisition streak, an Innsbrook-based real estate firm has bagged the headquarters building of a national retailer and further expanded its stake in the Sunshine State.

Lingerfelt CommonWealth acquired the 10-story, nearly 200,000-square-foot Stein Mart Building in Jacksonville, Florida this month for $26.62 million.

Ken Strickler, a managing director at Lingerfelt CommonWealth, said the deal closed July 25 after negotiations began in May.

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