Lamar Companies Acquires a Shopping Center in Daytona Beach, FL
FAIRFIELD, N.J., September 15, 2021 (Newswire.com) - Lamar Companies, in conjunction with Real Capital Solutions, is pleased to announce the acquisition of Volusia Square, a shopping center in Daytona Beach, Florida. The property totals approximately 204,000 square feet and is conveniently located along the well-traveled West International Speedway Boulevard, the main east west corridor between Interstate 95 and the world-renowned Daytona Beach and adjacent to the Daytona International Speedway. The property is shadow anchored by Home Depot and Speedway Indoor Karting and anchored by Restaurant Depot and Dollar Tree.
The property currently has a wide range of vacancies that can accommodate users of all sizes. However, Volusia Square has historically been extremely well-leased to a host of premier national, regional and local retailers, and Lamar is excited by the potential to bring the property back to prominence as the preeminent center in the International Speedway Boulevard corridor. Lamar has built a strong leasing pipeline in its early stages of ownership, which is expected to be further enhanced through the implementation of a significant capital improvement plan that will revitalize the aesthetics of the center. If you are a broker or tenant interested in joining an exciting tenant line-up at Volusia Square, please contact Jeff James at the contact information listed below.
For questions related to the acquisition, please reach out to Frank Maresca or Kyle Hayes.
Frank Maresca | frankm@lamarco.com | (973)-867-0612
Kyle Hayes | kyleh@lamarco.com | (973)-302-5678
Jeff James | jjames@lamarco.com | (727)-403-7777
Website: www.lamarco.com
About Lamar Companies
Lamar Companies is a full-service, privately held, real estate investment company headquartered in Fairfield, New Jersey. Since its founding in 1972, the Company has routinely been ranked in the top 100 largest owners of retail shopping centers in the U.S., according to National Real Estate Investors rankings. Lamar primarily focuses on opportunities created by real estate economic cycles and underperforming assets across the United States and is a principal investor in projects for its own account and in partnership with major institutions. Throughout the years the firm has maintained its entrepreneurial roots as a hands-on operating partner with a deep expertise in retail space, and a unique ability to drive value for its investors.
Source: Lamar Companies
