Dollinger Properties Pays $37MM for 97,000 SQFT Burlington, 24 Hour Fitness Block at Lakewood Center, 27% Below Ask

Redwood City-based Dollinger Properties has bought the Burlington, 24 Hour Fitness and Bank of America block at Lakewood Center from the Pacific Retail Capital Partners venture for about $37 million, more than $13 million below the $50.69 million asking price set when the property hit the market in March.