Colterra Capital Corp. buys Ranch Lake Plaza

BUYER: Ranch Lake (Bradenton) Limited Partnership (managers: Robert Berger, Tony Passander and Richard Glickman), Tampa
SELLER: Gemini Real Estate Ranch Lake LLC
PROPERTY: (main address 8750) 8712, 8722, 8724, 8726, 8728, 8730, 8732, 8734, 8736, 8738, 8740, 8742, 8744, 8750, 8752, 8754, 8756, 8758, 8760, 8762, 8766, 8768, 8770, 8764, 8772 and 8774 E. State Road 70, Bradenton
PRICE: $11.6 million
PREVIOUS PRICE: $1.17 million, September 2011
LAW FIRM ON DEED: Adams and Reese LLP, St. Petersburg

PLANS, DESCRIPTION:
Montreal-based Colterra Capital Corp. purchased the 85,565-square-foot Ranch Lake Plaza for $11.6 million.

The price equated to $134 per square foot. That figure is in line with the two-year average price per square foot for retail space ($138) in the Tampa Bay area, according to the CoStar Group.