CORE Investment Management Acquires Cortez Plaza Shopping Center In Bradenton For $39.4M

The retail asset involved in this transaction is located at 4429 14th Street West in Bradenton. The shopping center, known as Cortez Plaza, encompasses a total area of 260,000 square feet and was sold for a price of $39,400,000. The price per square foot for this transaction is $152.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $39,400,000
• Buyer: Michael Lapointe - CORE Investment Management
• Seller: Burke Lewis, Ashby Hackney & Roby Hackney - Hackney Real Estate Partners
• Square Footage: 260,000
• Price per Square Foot: $152
• Market: Bradenton

This transaction was facilitated with key individuals from both sides. Michael Lapointe represents CORE Investment Management in acquiring the property, while Burke Lewis, Ashby Hackney, and Roby Hackney represent Hackney Real Estate Partners in selling the asset. The shopping center includes notable tenants such as LA Fitness, Sprouts, Burlington, Chick-fil-A, and Starbucks.