Lakeshore Plaza
West Palm Beach, FL

Property Snapshot | 51,715 SF neighborhood retail center in West Palm Beach, FL positioned along Forest Hill Boulevard with approximately 800 feet of frontage and visibility to more than 47,000 vehicles per day.

Acquired: 1/30/2026

Lakeshore Plaza is a multi-tenant retail center located at 2669 Forest Hill Boulevard in West Palm Beach, Florida. The property was 100% occupied at acquisition and is leased to a mix of medical, service, and neighborhood retail tenants, many of whom have operated at the center for more than a decade.

The center benefits from strong daily traffic counts, established surrounding residential density, and a tenant mix focused on daily-needs retail and services. Its location within a mature South Florida corridor continues to support long-term tenant demand and stable occupancy.

Criterion acquired the property with a value-add strategy centered on operational improvements and long-term income growth. Planned initiatives include targeted exterior and common area upgrades, optimizing operating expenses, and steadily increasing rents toward market levels as leases renew over time.

The investment also includes the potential sale of an outparcel, creating an additional opportunity to reduce basis and improve overall investment performance.

Lakeshore Plaza reflects Criterion’s investment strategy of acquiring well-located retail properties with durable in-place cash flow and identifiable opportunities to create additional value through disciplined asset management.