Investor pays $6.15 million for Bradenton shopping center

By Louis Llovio
| 3:30 p.m. September 12, 2024
| 2 Free Articles Remaining!

The Cortez Village Square has sold for $6.15 million.

Manatee-Sarasota

Cortez Village Square in Bradenton has been sold.

The 41,892-square-foot shopping center was bought by a private investor, according to the commercial real estate firm Marcus & Millichap. The sale price was $6.15 million.

The previous owner, an Orlando LLC named Fay Magnolia, paid $4.3 million for the center in 2017.

Marcus & Millichap did not disclose the buyer, but according to Manatee County records it was a Parkland LLC named Cortez TML. The LLC’s principal address is a private home.

The center is on Cortez Boulevard west of 43rd Street W. and about five miles from Bradenton Beach. It is 84% occupied with the Anna Maria Oyster Bar as one of its main tenants.

According to LoopNet, the commercial real estate website, the one-story center was built in 1990 and sits on 5.08 acres.

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.