Continental Realty Corp. buys regionally dominant, mixed-use retail center in Lakeland, Fla.

Continental Realty Corp. has purchased Lakeside Village, a regionally dominant, mixed-use retail center in Lakeland, Fla.

The financial terms were not disclosed.

Developed in 2005, Lakeside Village’s tenant roster is leased to an ideal mix of necessity, food and beverage, entertainment, service, medical and apparel uses. The property is anchored by an 18-screen CMX Cinemas, Belk, Books-A-Million and Kohl’s (NAP). Additional tenants include Starbucks, Chili’s, Olive Garden, Longhorn Steakhouse and Famous Footwear. The average tenure of the property is 14 years. In addition, the center receives approximately 5.5 million visitors per year.

Of the 541,465 square feet that make up the entire property, 454,872 square feet of retail and office uses are part of the sale. The center is also home to four hotels totaling 383 keys that are separately owned and not a part of the sale.

Situated at 1479 Town Center Drive, the property is located at the epicenter o