THIRD LAKE PARTNERS ANNOUNCES SALE OF WATERVIEW RETAIL CENTER IN ST. PETERSBURG
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
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On the RET wire
- Disclosed retail deal value tracked in November 2026: $2.1B across 37 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
ST. PETERSBURG, Fla., Nov. 10, 2026 /PRNewswire/ -- Third Lake Partners announced the sale of WaterView Retail Center, a fully leased retail property on the ground floor of WaterView at Echelon City Center, a 15-story…
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