{"id":1004771436,"date":"2025-09-16T03:30:55","date_gmt":"2025-09-16T11:30:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004771436"},"modified":"2025-09-16T03:34:12","modified_gmt":"2025-09-16T11:34:12","slug":"core-buys-south-florida-area-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/core-buys-south-florida-area-retail-asset\/","title":{"rendered":"CORE Buys South Florida Retail Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a1810700a073&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004771434\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/drone-shot-of-bradenton-fl\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida.jpg\" data-orig-size=\"3840,2160\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Getty Images&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Aerial shot of Bradenton, a small city in Manatee County, Florida on a sunny day.&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Drone Shot of Bradenton, FL&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Drone Shot of Bradenton, FL\" data-image-description=\"&lt;p&gt;Uncropped for story. Photo from iStock&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Cortez Plaza is located in Bradenton, Fla., seen here. Image by halbergman\/iStockphoto.com&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"576\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida.jpg?w=1024\" alt=\"An overhead view of Bradenton, Florida.\" class=\"wp-image-1004771434\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida.jpg 3840w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida.jpg?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida.jpg?resize=768,432 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida.jpg?resize=1024,576 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida.jpg?resize=1536,864 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida.jpg?resize=2048,1152 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Cortez Plaza is located in Bradenton, Fla., seen here. <em>Image by <a href=\"https:\/\/www.istockphoto.com\/portfolio\/halbergman?mediatype=photography\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">halbergman<\/a>\/iStockphoto.com<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>An affiliate of CORE Investment Management has acquired a 260,000-square-foot shopping center in Bradenton, Fla., which is part of the Sarasota\/Bradenton submarket of Florida.<\/p>\n\n\n\n<p>Yardi Research Data lists Hackney Real Estate Partners as the previous owner of the property, which is called Cortez Plaza. The purchase price of the asset was not disclosed.<\/p>\n\n\n\n<p>Michael Lapointe, managing principal at the Miami-based firm, told <em>Commercial Property Executive <\/em>that CORE plans to bring cosmetic enhancements, along with updated landscaping and lighting, to the retail asset, with the goal of attracting new tenants to fill current vacancies.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/2025-retail-net-lease-sales-volumes-and-cap-rates\/\">2025 Retail Net Lease Sales Volumes and Cap Rates<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>LA Fitness and Sprouts Farmers Market serve as anchor tenants for Cortez Plaza. Other notable tenants include PetSmart, Burlington and FedEx. The site currently has a vacant 41,278-square-foot retail unit available for lease. Cortez Plaza also includes dining options such as Chick-fil-A, Mission BBQ and Starbucks.<\/p>\n\n\n\n<p>Located at the intersection of US Route 41 and Cortez Boulevard, the shopping center is situated among several other strip malls, including Cortez Plaza East, a 173,508-square-foot asset owned by Red Mountain Group. That shopping center\u2019s anchor tenants include Michaels, Five Below and Dollar Tree.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-retail-sites-changing-hands-across-south-florida\">Retail sites changing hands across South Florida<\/h2>\n\n\n\n<p>Several South Florida shopping centers have undergone acquisitions in recent months. In August, CORE sold a 186,095-square-foot asset in Miami Gardens called Palmetto Plaza. The firm now owns 20 retail centers across the state.<\/p>\n\n\n\n<p>In May, 4Y Plaza LLC bought <a href=\"https:\/\/www.commercialsearch.com\/news\/pebb-enterprises-jv-sells-southern-florida-retail-center\/\">The Shoppes at the Heart of Tradition<\/a>, another grocery-anchored shopping center, from PEBB Enterprises and Banyan Development. That transaction fetched $32 million.<\/p>\n\n\n\n<p>The same month, EDENS acquired <a href=\"https:\/\/www.commercialsearch.com\/news\/edens-buys-miami-retail-center-for-51m\/\">Weston Road Shopping Center<\/a>, a 108-623-square-foot open-air mall in Davie, Fla. Previous owner Barings sold the asset for $51.3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LA Fitness and Sprouts Farmers Market anchor the property.<\/p>\n","protected":false},"author":3810,"featured_media":1004771433,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21749,32781],"tags":[51728,52175],"class_list":["post-1004771436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-retail","category-southeast","tag-core-investment-management","tag-hackney-real-estate-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CORE Buys South Florida Retail Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"An affiliate of CORE Investment Management has acquired Cortez Plaza, a 260,000-square-foot shopping center in Bradenton, Fla.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/core-buys-south-florida-area-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CORE Buys South Florida Retail Asset\" \/>\n<meta property=\"og:description\" content=\"An affiliate of CORE Investment Management has acquired Cortez Plaza, a 260,000-square-foot shopping center in Bradenton, Fla.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/core-buys-south-florida-area-retail-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-16T11:30:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-16T11:34:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida_Cropped.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matthew Kaufman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/core-buys-south-florida-area-retail-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/core-buys-south-florida-area-retail-asset\/\",\"name\":\"CORE Buys South Florida Retail Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/core-buys-south-florida-area-retail-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/core-buys-south-florida-area-retail-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida_Cropped.jpg\",\"datePublished\":\"2025-09-16T11:30:55+00:00\",\"dateModified\":\"2025-09-16T11:34:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/63cac94132ceff8b31d189996459d345\"},\"description\":\"An affiliate of CORE Investment Management has acquired Cortez Plaza, a 260,000-square-foot shopping center in Bradenton, Fla.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/core-buys-south-florida-area-retail-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/core-buys-south-florida-area-retail-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/core-buys-south-florida-area-retail-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida_Cropped.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Bradenton_Florida_Cropped.jpg\",\"width\":800,\"height\":620,\"caption\":\"Cortez Plaza is located in Bradenton, Fla., seen here. 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