State Road 70, Bradenton, FL shopping center sells for nearly $4 million less than in 2004

State Road 70, Bradenton, FL shopping center sells for nearly $4 million less than in 2004

By Michael Braga , Herald-Tribune

Gemini Real Estate Ranch Lake LLC, the subsidiary of a New York real estate investment company with more than $1 bullion in assets under management, sold an 85,288-square-foot community shopping center at 8750 SR 70 E in Bradenton to Ranch Lake Bradenton Limited Partnership for $11.6 million.

Gemini paid $15.5 million for the 12-year-old shopping center in October 2004.

It used to be anchored by a Sweetbay Supermarket.

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