Ollie, a shopping center that houses other small stores, is selling for $7.1M

Shops at Lakeland Square Mall

The Shoppes at Lakeland Square Mall, anchored by Ollies Bargain Outlet, is owned by Carrera Family Investments Inc. of Miami. Buy it.

The multi-tenant shopping center has 44,375 square feet of retail space at 4000 US 98 in Lakeland, although the entrances are off Sleepy Hill Road and Mall Hill Drive behind the Chick-fil-A.

The center covers 4.48-acres and was sold in a 1031 exchange for $7.1 million from Lackland Retail, according to an Aug. 10 news release from Avanti Way Realty. A 1031 exchange — a term taken from an Internal Revenue Service form — allows the exchange of capital gains tax on one real estate investment property for another, Investpedia reports.

Oakbridge Reform;Publix plans to demolish and rebuild its Oakbridge store in Lakeland

Lakeland Square Anchor:The Burlington store in North Lakeland will relocate to US 98 in the fall.

A downtown convenience store;Bodega Market is currently occupied by Silver Ring Cafe.

The corporation that owns the center lists Jose Carrera as president and Zoraida Carrera as vice president. Both have the same Miami address, state records show.

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