Real estate agent, investor buy Fountains Shopping Plaza for $2.1 million

BUYER: RH Holdings Bradenton LLC, Belle Mead, N.J.
SELLER: BRE-1 Inc.
PROPERTY: 4808, 4812, 4816, 4818, 4820, 4822, 4824, 4828, 3824 and 4836 W. 14th St., Bradenton
PRICE: $2.1 million
PREVIOUS PRICE: $5.42 million, March 2005
LAW FIRM ON DEED: Shumaker Loop & Kendrick LLP, Sarasota

PLANS, DESCRIPTION: Steve Horn of Ian Black Real Estate and an undisclosed Belle Mead, N.J., investor purchased the 75,000-square-foot Fountains Shopping Plaza for $2.1 million.

The price equated to $28 per square foot. That figure is lower than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.