DG LW, LLC Purchases One Acre Site to Develop New Dollar General Store
LAKE WORTH, FLORIDA – July 20, 2017 – Michael Scarpino, CCIM, Senior Associate of NAI Rauch Weaver Norfleet Kurtz & Co., a member of the world’s premier managed network of commercial real estate firms, announced today that he represented the seller, Lake Drive Investments, LLC in the sale of a .9962 acre site for the development of a new Dollar General retail outlet. The property was purchased by DG LE, LLC, an affiliate of Eastern Atlantic Land Development, LLC of Miami, Florida, who will build the store.
“This is a great acquisition for the buyer.” There is a lot of retail activity in this growing retail corridor and a new Dollar General store will add to the mix. The seller also owns the NW Corner at this location and will either sell it, develop it or joint venture it.
The buyer, DG LE, LLC, was represented by Maria Vasile of Maria Vasile, P.A.