Gatlin Development Co. sold part of its Grand Cypress development in St. Johns County on May 1 to Tampa real estate giant Lykes Brothers for $18.2 million.
Through Grand Cypress Marketplace LLC, Jacksonville-based Gatlin sold two properties totaling 5.38 acres to 7L Cypress Plaza LLC.
7L is at 400 N. Ashley Drive, Suite 2500, in Tampa. It shares an address with Lykes Brothers.