Sembler, Forge Show Increased Interest in Southwest Florida with Ft. Myers Acquisition

ST. PETERSBURG, FL – (April 12, 2021) – The Sembler Company and Forge Capital Partners, in their Forge Real Estate Partners IV (FREP) investment fund, recently acquired Daniels Crossing, a 112,003 square-foot retail center located in the Fort Myers, FL MSA at 6900 Daniels Parkway in Fort Myers, Florida.

Daniels Crossing is a high-volume neighborhood center, anchored by Publix, the state’s leading grocer. The center’s location at the intersection of Daniels Parkway and Six Mile Cypress, sees a traffic count of over 90,000 cars each day. “With over 25,000 square feet of available space, in such a strong location, the center was ripe for reinvestment,” said Sembler Chief Operating Officer, Sean Davis.

“Fort Myers is one of the fastest growing areas in the entire country,” David added. “Daniels Crossing is a solid opportunity for our fund to reinvest in a great community and create value for our investors.”

Available spaces in the center range from 905 to roughly 5,000 square feet. Sembler will serve as both Property Manager and Leasing Agent for this acquisition. Jessica Moreno (jessica.moreno@sembler.com) should be contacted for property leasing information.

Through their FREP partnership, Sembler and Forge have acquired 19 shopping centers together – in Florida, Georgia, North Carolina, Tennessee, Texas, and Virginia – and are actively seeking additional investments in grocery-anchored shopping centers throughout the Southeast United States.

FREP is focused on the acquisition, development and redevelopment of retail real estate projects in the southeastern United States. FREP is a community development entity whose intent is to provide returns to investors seeking socially responsible investment opportunities while promoting economic revitalization, business development, and job creation in or near low and/or moderate-income communities. Investors include public financial institutions that will receive credit under the Community Reinvestment Act for such investments.

About Sembler:

The Sembler Company is celebrating nearly 55 years of creating retail real estate value. Sembler provides a full array of retail real estate services, including development and redevelopment, acquisition, property and asset management, leasing, and other related services throughout the Southeastern United States and Puerto Rico. Sembler has developed more than 357 projects totaling 29 million square feet and currently leases and manages 10 million square feet. Sembler is headquartered in St. Petersburg, FL, with satellite offices in Atlanta, GA and Puerto Rico. For more information, please visit www.sembler.com.

About Forge Capital Partners:

Forge Capital Partners is a diversified, commercial real estate investment and investment management company.  The company carries out its business strategy by sponsoring value-add retail real estate private equity funds.   Since 2001, Forge and its principals have successfully sponsored four closed-end private equity funds: In conjunction with debt financing, these funds seek to invest over $1 billion of capital, over $700 million of which has already been invested. Forge is headquartered in Tampa, Fla. For more information about Forge Capital Partners, please visit www.forgecapitalpartners.com.