Third Lake Partners Sells WaterView Retail Center to Walton Street Capital
Third Lake Partners has announced the sale of the WaterView Retail Center, a 14,000-square-foot fully leased retail property located in St. Petersburg's Carillon Park. The center is situated on the ground floor of the 15-story Echelon City Center apartment building and currently houses five tenants, including Publix Liquors and Brothers Thomas Bespoke Café. Walton Street Capital acquired the retail component, which consolidates ownership with the firm's existing holding of the building's 226-unit residential portion. This transaction brings both the residential and commercial elements of the mixed-use development under unified management, a move intended to streamline operations and leverage the property's position as a local destination.
Topics: asset acquisition mixed-use development real estate transaction retail property sale