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Newman Development Pays Nearly $8 Million for Pine Island Plaza

Private Investor Sells 46,000-SF Retail Center in Cape Coral
By Lars Blomdahl
May 29, 2019 | 12:26 P.M.

Newman Development USA Inc., a local development firm, has acquired the Pine Island Plaza retail center at 900 SW Pine Island Rd. in Cape Coral, Florida, for $7.95 million, or about $169 per square foot, from Pine Island Plaza Del Sol LLC.

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News | Newman Development Pays Nearly $8 Million for Pine Island Plaza