D'Amato Properties buys College Plaza

BUYER: D'Amato Properties LLC, Doylestown, Pa.

SELLER: Kenneth and Joyce Williamson

PROPERTY: 3405 Cortez Road W., Bradenton

PRICE: $1.09 million

LAW FIRM ON DEED: Blalock Walters Held & Johnson PA, Bradenton

PLANS, DESCRIPTION: D'Amato Properties LLC purchased the 9,100-square-foot College Plaza in Bradenton for $1.09 million. The price equated to $119 per square foot.

The retail strip center was 100% occupied at the time of the sale.

Stan Rutstein of Re/Max Alliance Group represented the seller, and Tom Farr of Michael Saunders & Co. represented the buyers.

“Shortly after we took on the listing, [the buyer] expressed interest in buying it, but they wanted it fully leased,” Rutstein says. “It took a little north of a year, but we did it.”

Ancient Ways Martial Arts recently occupied 6,700 square feet in the center, and Redneck Sauce Corp. leased the remaining 1,400 square feet.

D'Amato Properties is a owned by a Pennsylvania couple that recently purchased a home in North Port.

D'Amato Properties mortgaged the property to the former owners, Kenneth and Joyce Williamson, for $585,000.