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Bradenton, Fla. — An affiliate of Miami-based CORE Investment Management has acquired Cortez Plaza, a 260,000-square-foot shopping center in Bradenton, approximately 32 miles south of Tampa. The seller and sales price were not disclosed, but the Business Observer reported that an affiliate of Richmond, Virginia-based Hackney Real Estate Partners sold the property for $39.4 million.
Cortez Plaza features a mix of tenants including Sprouts Farmers Market, Burlington, PetSmart, Shoe Carnival and LA Fitness, along with newly developed outparcels occupied by Chick-fil-A and Starbucks Coffee. Situated on roughly 22 acres, the property was originally built in 1959 and renovated in 2021, according to LoopNet Inc.