Suburban Lantana shopping center sells for $31 million

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The Lantana Square Shopping Center at Lantana and Jog roads just sold for $31 million, according to property records.

The center is anchored by a Wal-Mart Neighborhood Market, but Wal-Mart owns its space, which wasn’t included in the deal. Tenants include Chipotle, Petsmart and a pediatric dentist.

Lincoln Sunrise LLC of North Miami is the buyer. Principal Real Estate Investors of Des Moines, Iowa, is the seller. The 100,000-square-foot center last sold in 2006 for $21.3 million.

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