Commercial Real Estate
After an uptick in pending sales year-over-year in May the summer drop off that SWFL is accustomed to with local real estate may just be a pipe dream for those looking for loose links in the market’s armor. “More inventory this summer is good news for Buyers” said Mike Hughes, managing broker at Downing-Frye Realty’s…
As you may know, SWFBT has been publishing its monthly “Commercial RE Update” for the past nine years. It is a snapshot of commercial real estate trends and topics in Southwest Florida. The next issue deadline for editorial content 5 pm Wed. July 10 and ad space and proof 5 pm Fri. July 12. System-ready…
The Fort Myers Community Redevelopment Agency recently approved two commercial property improvement matching grants. The first grant was approved for E D Barbee & Son Inc., property located at 1936-1942 Grace Ave. in Fort Myers in the not-to- exceed amount of $16,593.75. The funds will be used for remill, paving, sealcoating and restriping of the parking…
Herc Rentals celebrated its continued expansion in Southwest Florida with a ribbon-cutting ceremony for the equipment rental company’s third location in the region. Held June 20, the celebration attracted members of the Horizon Foundation, Horizon Council, Lee County Economic Development Office, government officials and local business leaders. The new location, at 5600 Enterprise Parkway in…
Seagate Development Group has announced the completion of a design-build project for California Closets, a custom closet and organizational systems company. This 40,000-square-feet, single-story pre-engineered metal building is located on approximately 4 acres of property at Alico Trade Center, 8961 Alico Trade Center Road in Fort Myers. Seagate handled the complete build of the project,…
North American Properties and PGIM Real Estate have shared their vision for elevating Mercato as a walkable, experiential oasis. The project is focused on reinventing the public realm through modern placemaking trends. Construction will begin mid-July and is slated for completion by November, just in time for the holidays. In August 2022, NAP entered a…
Seagate Development Group has initiated work for the construction repair of Boca Vista Harbor condominiums in Placida from Hurricane Ian damage. This Charlotte County project covers extensive repairs on five different five-story condo buildings encompassing 100 total condo units. Construction repair work recently began for the first phase, with an estimated project completion in early…
Steward Global Partners leased 3,267-square-feet of office space in ‘Kraft Center’ at 3555 Kraft Road #200 in Naples from Kraft Office Center North Parcel. Adam Palmer and Edward Larsen of LQ Commercial represented the landlord in the transaction. “We’re honored to have assisted Steward Partners Global Advisory in establishing their fourth Florida location as they expand into…
LSI Companies, brokered a 195± acre mixed-use property in Punta Gorda for $17,850,000. The property was acquired by a New York-based developer from KLAS, Etcetera, and DA Port Charlotte Holdings, & NTA Holdings, & TA Kings Highway & ATM II. The property is located at 175 Kings Highway, in Punta Gorda. The deal was brokered…
Ron Osborne, managing director/broker of Sperry – RJ Realty, represented the buyer, GCDC Fort Myers, in the purchase of a retail property located at 2952 Cleveland Ave. in Fort Myers. Terps Acquistions FM sold the property for $5.3 million. The acquisition closed May 22. The property is currently occupied by AYR Wellness, a cannabis dispensary. “The investor not…