Fraga Properties buys Plant City Crossings

BUYER: Fraga Plant LLC (principal: Albert Fraga), Coral Gables
SELLER: DDR Southeast Plant City LLC fka Inland Southeast Plant City LLC
PROPERTY: 2305, 2509 and 2415 Thonotosassa Road, 3301 E. Boot Bay Road, Plant City and additional vacant land
PRICE: $9.53 million
PREVIOUS PRICE: $10.75 million, December 2002
LAW FIRM ON DEED: Murai Wald Biondo Moreno & Brochin, Coral Gables
PLANS, DESCRIPTION: Coral Gables-based Fraga Properties purchased the 85,252-square-foot Plant City Crossings shopping center at the southwest corner of Interstate 4 and Thonotosassa Road for $9.53 million. The purchase price equates $112 per square foot of retail space. The property had three small vacancies at the time of the sale.