Investor using three LLCs buys Bradenton shopping center for $12.1M

The Winn-Dixie-anchored Southwood Shops is fully leased as new owner takes over the 42-year-old shopping center.

By Louis Llovio
| 9:15 a.m. May 2, 2023
| 2 Free Articles Remaining!

A Miami investor has bought the Winn-Dixie anchored Southwood Shops in Bradenton.

Manatee-Sarasota

Southwood Shops in Bradenton has sold.

The 107,697-square-foot Winn-Dixie-anchored shopping center was bought by a South Florida LCC, which paid $12.1 million for the property.

The LLC that bought the center is named Southwood Shops and is a partnership between two others — Lake Hills Plaza and Heritage Square Pompano Beach. According to state records, all three are managed by Miami Beach real estate investor Alberto Dayan.

Southwood Shops, at 14th Street and 57th Avenue, is a 15-acre center built in 1981.

Institutional Property Advisors, which announced the sale and represented the seller, says the center is fully leased.

IPA is a division of Marcus & Millichap.

The listing for Southwood says the center has been anchored by a grocery store throughout its 42-year history and that the space now occupied by Winn-Dixie previously housed Kash n’ Karry. Other tenants include a barber shop supply store, hair salon, Rent-A-Center and Value Furniture.

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.