Crowder Plaza in Lakewood Ranch sells for $8.2 million

Crowder Plaza, a 25,000-square-foot retail center in Lakewood Ranch, has sold for $8.2 million. The shopping center, located at 2507 Lakewood Ranch Blvd., sits adjacent to Crowder Bros. Ace Hardware and is fully leased.

George Brusco, CCIM, of Ian Black Real Estate represented the seller, Crowder Enterprises, LLC. Marny Lewis of Berkshire Hathaway HomeServices, Florida Realty represented the buyer, Crowder Village, LLC.

“This is a well-positioned investment opportunity,” said Brusco, broker associate with Ian Black Real Estate. “The center is fully leased and located on Lakewood Ranch Blvd., which offers tenants excellent visibility and traffic. The Lakewood Ranch area continues to grow, and this property presents great upside potential.”

Brusco has managed the leasing for Crowder Plaza since 2014 and achieved 100% occupancy. Tenants include Big Top Brewery, Goodwill, The Granary, Blossom Nails, The Boutique Out East, Premier Tackle and Domino’s Pizza.

“George’s efforts have resulted in extraordinary achievements, both in terms of leasing and ultimately selling Crowder Plaza,” said Ron Crowder of Crowder Enterprises. “His unwavering diligence, reliability and exemplary professionalism have made a significant impact on the success of Crowder Plaza.”

About Ian Black Real Estate

Ian Black Real Estate (IBRE) is a boutique commercial real estate brokerage firm located in Sarasota, Fla. The firm is one of the largest commercial brokerage firms in Southwest Florida and boasts a deep knowledge of the commercial real estate market in Sarasota and Manatee counties and the surrounding area. For more information, visit ian-black.com.