Lake Park Plaza, a 50,511-square-foot multi-tenant retail center at 359 Lake Park Road in Lewisville, Texas, has traded hands.

Phil Rosenfeld of Lee & Associates Dallas-Fort Worth represented the buyer, an affiliate of Lucrum Realty. While the sales price was not disclosed, the listed sale price for Lake Park Plaza was $7,250,000.

Built in 1985, Lake Park Plaza is on the corner of Lake Park Road and Oakridge Boulevard, half a mile from Lake Park — the City of Lewisville’s 662-acre lakefront park, with two golf courses, a marina, boat ramps, an RV campground and swim beaches.

The center is anchored by a fuel and convenience operator, with automotive service, an event center, and a mix of food, retail, personal-service and professional-office tenants.

Lucrum Realty has begun a program of improvements at the property, including new monument and tenant signage, and a refreshed identity for the center.

Lee & Associates has been retained to handle leasing at Lake Park Plaza.

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