A large piece of commercial real estate in Belleview has been sold for $3.75 million to a development firm that plans to transform the site into a major shopping hub that will be anchored by a national grocer.
LRE Belleview LLC purchased approximately 24.45 acres of commercial land along US Highway 441 from Southern Realty of Marion County LLC and several individuals for $3,750,000 on Friday, June 5.
The purchasing company is tied to Leaders Real Estate (LRE), a national commercial real estate firm focused on retail leasing, development, and investment that creates strategic real estate solutions for landlords and retailers. That company is based in the Orlando area, with properties all across the nation.
With the land now secured, the firm is marketing the property as a prime multi-use development site. According to the company’s listing information, the plan is to develop the 150,000-square-foot retail center with a fortune 100 grocer as its anchor…