Plaza Advisors is pleased to announce the sale of the Cortez Commons Shopping Center, located in Bradenton, Florida. The 119,924 square foot plaza is directly across from the highest volume Walmart Supercenter in southwest Florida, from Bradenton to Naples.
Cortez Commons features anchor tenants: Big Lots, Tuesday Morning and You Fit. The asset was 88% occupied at the time of sale. The property tenant roster includes several medical related entities including; Davita Medical, Greenberg Dental, Hear USA, Quest Diagnostics and HMP Medical. Other notable tenants are Fantastic Sam’s, Peach’s Restaurant and Enterprise Car Rental.
The seller was Wisconsin based MLG Capital Real Estate Investments. The Buyer was an affiliate of Clover Investment Properties, LLC a privately held real estate development and investment firm headquartered in Tampa, FL. Jim Michalak and Keith Nurre of Plaza Advisors represented the seller and were the sole brokers involved in the transaction.
Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties throughout the Southeastern United States. Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, life insurance companies, REITs, and money center banks.