THIRD LAKE PARTNERS ANNOUNCES SALE OF WATERVIEW RETAIL CENTER IN ST. PETERSBURG

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 apartment building in St. Petersburg's Carillon Park.

The 14,000-square-foot retail center was completed in 2021 and is fully leased to five businesses, including Publix Liquors, Back Bar, Feathersound Smiles, Modern Medical and Brothers Thomas Bespoke Café.

Walton Street Capital acquired the retail center, adding the commercial space to its existing ownership of the residential portion of the building.

"Following the sale of the 226-unit multifamily portion of WaterView to Walton Street in December 2021, we are pleased to complete the sale of the retail component to the same ownership group," said Luke Thomas, Managing Partner and Head of Real Estate at Third Lake Partners. "Bringing the residential and retail components under unified ownership is a natural next step for the property, and we believe it is well positioned for continued success."

The sale marks a successful conclusion to Third Lake Partners' ownership of the retail component and reflects the continued strength of Echelon City Center as a mixed-use destination in the St. Petersburg market.

"WaterView Retail Center has benefited from a strong location, complementary mix of tenants and its position within the broader Echelon City Center development," said Robert Forsythe, Founder and Senior Managing Partner of Third Lake Partners. "We are pleased with the outcome of the investment and believe the transaction positions the property well for its next chapter."

ABOUT THIRD LAKE PARTNERS, LLC

Third Lake Partners, LLC ("Third Lake Partners"), is a Tampa-based investment advisory firm focused on real estate, private equity, private credit and venture capital investments. Through strategic partnerships and disciplined execution, the firm seeks to create long-term value for investors. Third Lake Partners has invested in more than $8 billion of real estate projects in over 20 markets across the United States.

Third Lake Partners | Investment Advisory Firm | Tampa, FL

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SOURCE Third Lake Partners