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LBL Development Buys Painesville Commons

Retail Center Trades for $3.6 Million
By Paul Orange
July 27, 2011 | 6:23 P.M.

LBL Development Co., a private real estate management firm, purchased the retail shopping center at 1441-1535 Mentor Ave. in Painesville, OH, from Painesville Investment Co. for $3.6 million, or about $26 per square foot.

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