Catalyst Investments purchases North Cape industrial property for $1.95 million

Catalyst Investments FSL, LLC recently purchased the 30,000-square-foot industrial property at 830 N.E. 24th Lane in Cape Coral from Ozinus 830 CC, LLC for $1.95 million.

According to LandQwest Commercial, which was involved in the transaction, the industrial sector of Cape Coral is still hot; however, inventory is limited for this asset class. The lack of industrial opportunities present challenges for buyers and tenants trying to identify product.

“This particular property went under contract within a week of it being on the market,” said LandQwest associate Bob O’Connor, who represented the buyer. “This project was particularly exciting, as it went from contract-to-close in just 57 days, with the buyer using a traditional lender.”

This marks O’Connor’s second, yet largest, sale with LandQwest since his Fort Myers return in March, and the largest sale for the month of July.

Linda Kazak with Sunizo Realty represented the seller.

LandQwest is a nationally recognized, privately-held commercial real estate brokerage organization that provides business partners with property management, tenant representation, leasing, sales and consulting services to uniquely shape commercial landscapes in the communities it serves. For more information, visit LQWEST.com.

Deutch to be featured in REIS online program Tuesday

The Real Estate Investment Society will present a special program on designing communities and housing to meet changes in the way we live. Lesley Deutch, managing principal with John Burns Real Estate Consulting, will present the latest trends in homebuyer preferences and design techniques by forward-thinking developers and homebuilders in a live, online program Tuesday, Aug. 11. 

Deutch has been with John Burns Real Estate Consulting since 2008 and leads all custom consulting projects on the East Coast, in addition to commercial real estate assignments.  Previously, she was vice president in the Global Real Estate division of Deutsche Bank in New York, where she authored reports on real estate and economic conditions in the major U.S. metropolitan areas, and wrote due diligence reports for RREEF (owned by Deutsche Bank) acquisitions across the country. Currently, she serves as a member of the Community Development Council (Green) for the Urban Land Institute nationally, the Multifamily Development Council for ULI in Florida, and a is a member of the UF Real Estate Advisory Board.

She holds a B.S. from the Wharton School and a B.A. in economics from the University of Pennsylvania.

The program is sponsored by Midland Trust and will begin promptly at noon Aug. 11.  Details are on the REIS website:  www.reis-swfl.org.  There is no charge for the presentation, but registration is required at https://app.livestorm.co/midland-trust/reis-virtual-lunch-meeting-august.  Registrants will receive a link to the program via email, one hour prior to the presentation.

Gangl joins GATES Construction as project accountant

GATES Construction has announced the addition of Sandra Gangl as project accountant. Working under the supervision of the firm’s CFO, she will manage all of the financial matters on the projects that she is assigned including accounts payable, accounts receivable, and financial forecasting.

Gangl has over 22 years of diversified accounting experience. She will be based out of GATES Construction’s headquarters in Bonita Springs.

 For over 25 years, GATES Construction has provided award-winning construction management, general contracting and design-build services throughout the Southeast United States and Latin America.  Its diverse portfolio of commercial, multi-family, industrial, healthcare, and club and hospitality projects showcases numerous landmarks constructed over the past quarter of a century.  GATES serves its clients from offices in Bonita Springs, Sarasota and Palm Beach Gardens.  For more information, call 239-593-3777 or visit the website at www.GATESinc.com.