The financing for the new owner was arranged through Orion Bank. The property is located at 2000 Main St. and at the time of the sale, the building was 86% leased. Tenants include SunTrust Bank; Allstate Insurance; Kubicki-Draper PA; Conroy, Simberg, Ganon, Krevans & Abel PA; George, Hartz & Lundeen PA; Lee County government; and Parvey, Frankel & Nelson PA, among many others.
The SunTrust Plaza building was built by Stiles Corp. in 1987. Stiles will continue to manage and lease the property for Fort Myers Venture l LLC.
Bud Cusack, who represented Fountain Square Associates in the deal, identified several reasons why the sale made sense for Stiles Corp. at this time.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
