Sale of Prime Downtown Lakeland Office Building

NEWS RELEASE

Kyle Vreeland, Commercial Realtor with Steinbauer Commercial Real Estate is pleased to announce the sale of a 36,600 sq. ft. investment office building located at in Downtown Lakeland Florida at 1 Lake Morton Drive.

SVM Properties, LLC purchased the property from LT Partnership, LLP for $6,250,000. The 36,600 sq. ft. multi-story office building sits on 1.36 acres and overlooks Lake Morton and Downtown Lakeland.

Kyle Vreeland recently completed 2 leases which brought the building to 100% occupancy. The tenants in the building are law firms GrayRobinson, Vecchio, Carrier, Feldman & Johannessen, PA and the third tenant is Lewis Tax & Financial Group.
Kyle Vreeland listed and marketed the property and was the sole broker on this
transaction.

Kyle has over 25 years experience in assisting corporations and individuals in the Lakeland/Central Florida area with their commercial real estate needs.

Steinbauer Commercial Real Estate with offices in Lakeland/Central Florida &
Miami/South Florida, specializes in commercial real estate services that include:
commercial and industrial sales and leasing, development land sales, buyer/tenant representation, asset property management, development, counseling, and valuation.

For further information call
Kyle Vreeland, Steinbauer Commercial Real Estate at (863) 608-1231 or
e-mail: jkvreeland@gmail.com

www.steinbauer.com

OFFICES: Lakeland & Miami, FL

Jim Steinbauer, SIOR V.P.
863-670-2561 Mobile

Kyle Vreeland
863-608-1231 Mobile

LAKELAND/CENTRAL FLORIDA OFFICE
6700 S. Florida Ave., Suite 35
Lakeland, FL 33813
863-647-1661

MIAMI/SOUTH FLORIDA OFFICE
P.O. Box 0232
Miami, FL 33256-0232
305-629-9740

John R. Steinbauer, SIOR President
J.R. Steinbauer, Jr. SIOR, V.P.
Julie Leventhal, Associate

Providing professional service to commercial and industrial real estate Sellers/Landlords & Buyers/Tenants since 1981.