Bradenton – Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently completed the $4.1 Million sale of Cortez West, at 6310 Cortez Road W. Bradenton, Fla.
Tampa Bay-based Paradise Ventures purchased the 27,278 square foot neighborhood retail center anchored by Fifth Third Bank and J.P. Morgan Chase. Crossman & Company Managing Director Brian Carolan negotiated the transaction representing the institutional seller.
“The property received tremendous interest as it presented an attainable value-add opportunity in a densely populated area of Manatee County,” Carolan said.
Cortez West consists of three single- and multi-tenant buildings constructed in 2005-2007. At the time of the sale four of the eight units were available for lease ranging from 2,100 to 7,500 square feet including a former restaurant renovated to bring the freestanding building to shell condition.
Paradise Ventures is a leading developer of retail shopping centers with a development portfolio of more than 5,000,000 square feet for major corporations such as Publix, Kohls, Lowe’s and Walgreen’s.
Founded in 1990 Crossman & Company has experience in retail leasing, property management and investment sales of grocery anchored centers, shopping centers, single-tenant, triple-net assets, as well as mixed-use and lifestyle properties. Serving Florida, Georgia, Alabama, Tennessee, South Carolina, Mississippi, North Carolina, and Virginia, Crossman & Company has offices in Orlando, Tampa, Miami, Boca Raton, Charlotte and Atlanta. The firm represents more than 400 shopping centers in the Southeast with over 29 million square feet under leasing and/or management please visit www.crossmanco.com.