Red Lobster property sold for nearly $5 million

A Springboro Pike Red Lobster restaurant’s real estate has a new owner.

Mill Valley, Calif.-based Four Corners Property Trust LLC bought the 8,300-square-foot restaurant property at 8200 Springboro Pike for more than $4.8 million last week. The seller of the Miami Twp. property was ARCP RL Portfolio VIII LLC, a foreign limited liability company.