Midwest investor pays $4.5 million for retail center

A Cincinnati investor has bought Merchants Plaza in Cape Coral.

Lee County public records show the center sold for $4.5 million. It was previously owned Jeri-Lin Corp., which paid $2.3 million for it in 2003.

The 15,098-square-foot center is at 155-159 Hancock Bridge Parkway just east of Santa Barbara Boulevard…

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