The Key Estero Shops plaza switched hands for the first time since 1980.
According to the Lee County Property Appraiser, the plaza sold March 1 for $3,990,000 to Key Estero Shops, LLC from the previous owner, Ulrich Rotermund, under Beate Rotermund, Inc.
The plaza is home to two floors of businesses, including Mr. Tequila's, the Fort Myers Beach Chamber of Commerce and Sun Park Kuo Dentistry.
Rotermund purchased the plaza in 1980 for $1.5 million.
This is a developing story. More information will be added as it becomes available.