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VOL. 133 | NO. 140 | Monday, July 16, 2018

Colliers Hired to Lease Lake District Office Space

By Patrick Lantrip

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Lake District developer Gilad Development Inc. has hired real estate brokerage firm Colliers International to handle the leasing for the office portion of the 160-plus-acre mixed-use development.

“The Lake District is a luxurious, welcoming community built on the highest of standards,” Gilad owner Yehuda Netanel said in statement. “We carefully select partners that embody this ethos and Colliers International aligns perfectly.”

In addition to the 65,000 square feet of Class A office space that Colliers will manage, the Lake District is projected to include 300,000 square feet of retail and restaurant space, two hotels, 240 custom-built single-family homes, 390 apartments and 168 age-restricted apartments.

“The potential for this development is endless, and we’re excited to be a part of a project that we know will be transformative for the city and, quite frankly, the entire state,” Colliers senior vice president of asset services Ron Riley said.

Recently, the Lake District has announced several new retail tenants that will call the mixed-use project home, including The Stock Market, Malco Theatres and Gould’s Salon and Spa.

The Shopping Center Group’s Shawn Massey represents the Lake District’s retail space.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 64 151 1,493
MORTGAGES 45 105 1,152
FORECLOSURE NOTICES 5 19 209
BUILDING PERMITS 201 410 3,466
BANKRUPTCIES 35 119 872
BUSINESS LICENSES 9 32 361
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0