PAC Subsidiary Scoops 302,000-SF Lakeland Plaza

Home / PAC Subsidiary Scoops 302,000-SF Lakeland Plaza

Lakeland Plaza, a 307,578-square-foot, grocery-anchored retail plaza located at located at 501 Lakeland Rd. in Cumming, GA, has been acquired by Maryland-based Preferred Apartment Communities (NYSE: APTS) subsidiary New Market Properties. Terms of the deal were not disclosed. Home to an 86,479-square-foot Belk department store and 29,855-square-foot Sprouts grocery store, Lakeland Plaza was constructed in 1991 at 501 Lakeland Plaza at the intersection…

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