Devonshire REIT buys Twelve Oaks Shopping Center

BUYER: DFG-Bradenton FL LLC (agent: Douglas Dymarkowski), Whitehouse, Ohio
SELLER: E J Twelve Oaks
PROPERTY: 7290 55th Ave E., Bradenton
PRICE: $10.8 million
PREVIOUS PRICE: $11.2 million, November 2006

PLANS, DESCRIPTION:
Devonshire REIT Inc., a Whitehouse, Ohio-based private real estate investment trust, purchased the Twelve Oaks Shopping Center for $10.8 million.

The price equated to $134 per square foot. That figure is close to the two-year average price per square foot for retail space ($129) in the Tampa Bay area, according to the CoStar Group.