FLORIDA SHOPPING CENTER SOLD FOR $7.45 MILLION

STUART, FLA. — Boston-based Cedar Pointe Plaza LLP has sold the 79,000-square-foot Cedar Pointe Plaza to New York-based Cedar Pointe Properties for $7.45 million. The property, located on East Ocean Boulevard in Stuart, was under contract for $12 million a few years ago. Tammy Roncaglione of Gulfstream Business Bank provided financing for the purchase. NAI Southcoast’s Jeremiah Baron and Boyd Bradfield brokered the sale.