Marcus & Millichap announces sale of Towers III in Cape

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced last week the sale of Towers III, a 9,958-square-foot retail property located on Santa Barbara Boulevard in Cape Coral, according to David G. Bradley, regional manager of the firm’s Tampa office. The asset sold for $1.6 million.

Jim Shiebler, James Garner and James Medefind, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, Jim Shiebler, James Garner, and James Medefind also represented the buyer, a Florida private real estate company.

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. To learn more, please visit: www.MarcusMillichap.com.

Market Trends to hold fall real estate forum Sept. 9 

Market Trends of Southwest Florida will present a second real estate forum in 2021 during what’s shaping up to be a historic year for commercial and residential real estate.

The fall Market Trends summit will be held from 4-7 p.m., Thursday, Sept. 9, at Caloosa Sound Convention Center & Amphitheater in Fort Myers. The event offers both an in-person option with networking opportunities as well as a virtual attendance option, and falls exactly six months after the spring forum revealed data and analysis predicting Southwest Florida was poised for a flurry of activity in 2021.

A trio of local market experts will headline the fall event:

* Randy Thibaut (founder, owner and CEO of LSI Companies) to address land, new home sales and development

* Denny Grimes (president of Denny Grimes & Team at Keller Williams Realty) to address residential real estate

* Justin Thibaut, CCIM (president and partner of LSI Companies) to address commercial real estate

Presented by LSI Companies, Lee Building Industry Association and Collier Building Industry Association, the signature event explores data, research and fact-based analysis to help homeowners, homebuyers, real estate professionals and Southwest Florida as a whole understand trends in the real estate market. Presenters are widely recognized as the region’s leading authorities in each of their respective disciplines, using facts and extensive market knowledge to lead a state-of-the-industry discussion.

Visit MarketTrendsSWFL.com for information about tickets, sponsorships and networking opportunities for the fall Market Trends event.

LandQuest lists recent transactions 

LandQuest Commercial has announced the following local transactions:

Sales

* Leo Salvatori TR purchased 4.4 acres in Esplanade, located at Alico Road in Fort Myers, from Alico West Fund LLC for $1,777,000. Brett Low of LandQwest Commercial represented the seller in the transaction. Jessica Russo of Development Realty represented the buyer.

* TMT Naples, LLC purchased a 3,800-square-foot industrial/flex condo at 16111 Lee Road #704-705 in Fort Myers, from Just One More 4CM LLC for $429,000. Mike Doyle, CCIM of LandQwest Commercial represented the buyer in the transaction. Coni Deni at Venture Realty represented the seller.

Leases

* Matilda Jane Clothing leased 8,100 square feet of office space in World Plaza at 12051 World Plaza Lane in Fort Myers, from Giga Ventures LLC. Steve Wood and Adam Palmer, CCIM, SIOR of LandQwest Commercial represented the tenant in the transaction. Rodney Fidler with Lee & Associates represented the landlord.

* Fantastica Ecosmetics leased 4,830 square feet of industrial space in Centerlinks at 16850 Oriole Road, #8 in Fort Myers, from Centerlinks Associates, LLC. Mike Doyle, CCIM and Adam Palmer, CCIM, SIOR of LandQwest Commercial represented the landlord, and Carlos Acosta of CRES represented the tenant.

* Joe French leased 4,000 square feet of retail space in Regal Plaza, at 15250 S Tamiami Trail in Fort Myers, from Susence FL Holdings, LLC. Bruce Micciche, CCIM of LandQwest represented the landlord, and Phil Deems of Phil Deems Real Estate represented the tenant.

* Saint Gobain Corporation renewed 3,300 square feet of office space at 422 N.E. 2nd Place in Cape Coral, from Ichigo Leasing LLC. Adam Palmer, CCIM, SIOR and Steve Wood of LandQwest represented the landlord, and Clifford Fischer of Fischer and Company represented the tenant.

* Quest Diagnostics leased 2,725 square feet of space in Coralwood Center at 2301 Del Prado Blvd. S., in Cape Coral, From GRE CORALWOOD, LP. Tom Strauss and Jessica McEvoy of LandQwest Commercial represented the landlord, and Roxanne Kemph of CBRE represented the tenant.

* Hertz Corporation renewed 1,380 square feet of office space in the Colonial Professional Plaza at 4350 Fowler St. in Fort Myers, from ECI Healthcare Properties, LLC. Michelle Hoffman and Adam Palmer, CCIM, SIOR of LandQwest Commercial were the transaction brokers.

* Harold’s Restaurant expanded 1,150 square feet of retail space in Regal Plaza at 15250 S Tamiami Trail in Fort Myers, from Susence FL Holdings, LLC. Bruce Micciche, CCIM of LandQwest Commercial was the transaction broker.

* Cape Coral Olive Oil Company leased 933 square feet of retail space in the Coral Walk Shopping Center at 1860 Pine Island Road #215 in Cape Coral, from Coral Walk FL, LLC. Tom Strauss and Jessica McEvoy of LandQwest Commercial negotiated the transaction.

* Kirill Taranov leased 700 square feet of retail space in Plymouth Plaza at 15248 S Tamiami Trail in Fort Myers, from Susence FL Holdings, LLC. Bruce Micciche, CCIM of LandQwest Commercial was the transaction broker.

LandQwest is a 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 we serve. For more information, visit LQWEST.com.