Stirling Sotheby's International Commercial Realty negotiates sales of two out parcels in Lake Mary, FL

LAKE MARY, Fla. -- Stirling Sotheby’s International Commercial Realty recently negotiated the sales of two out parcels at Rinehart Place, a 210,000 square foot mixed-use center under development on 23 acres on Rinehart Rd. and County Rd. 46A in the I-4 /Lake Mary corporate corridor.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty said broker associate Jeffrey Henwood (top right photo) negotiated both property sales.

Old Southern Bank, based in Clermont, paid $1.45 million for a 0.82-acre (+/-) out parcel at Rinehart Place and plans to build a 5,022 square foot branch bank with drive-through facilities.

CVS Pharmacy, the Delaware-based retail pharmacy chain, paid $2.35 million for its 1.5-acre (+/-) out parcel. Henwood said CVS plans to develop a 12,900 square foot retail store with drive-through pharmacy at Rinehart Place.

Construction of the bank recently started (in mid-October). CVS is expected to break ground in December.

Stirling Sotheby’s International Commercial Realty (http://www.stirlingcommercial.com/) is the exclusive marketing representative for Rinehart Place.

The developer of the highly visible medical/professional and retail center is MAQ Group Development based in Margate, Fla.

For more information, please contact

Jeffrey Henwood, Stirling Sotheby’s International Commercial 407-571-2222
Frank Dever, Stirling Sotheby’s International Commercial 407-571-2222
Roger Soderstrom, Stirling Sotheby’s International Realty 407-588-1260
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142