Daniels Marketplace, Fort Myers, FL
FORT MYERS, FL—AEW Capital Management of Boston has acquired the Whole Foods-anchored Daniels Marketplace from S.J. Collins Enterprises of Fairburn, GA for $49 million.
The 106,739-square-foot newly constructed retail center is 100% leased and is occupied by a diverse mix of e-commerce-resistant tenants, including a salon, dentist, Pilates gym, dry cleaner, pet hospital and several fast-casual restaurants such as Mellow Mushroom and Panera Bread. The site also offers a significant future development opportunity, according to Cushman & Wakefield, which brokered the transaction on behalf of the seller.
A Cushman & Wakefield Team comprised of managing director Fain Hicks, vice chairman Mark Gilbert, associate Lane Breedlove, executive director Adam Feinstein and director Mitchell Halpern represented S.J. Collins Enterprises in the disposition.
C&W's Equity, Debt and Structured Finance team of Mike Ryan, Brian Linnihan and Richard Henry helped secure financing on behalf of AEW Capital Management in connection with the transaction.
Located at 6891 Daniels Parkway, Daniels Marketplace is favorably positioned at the high traffic intersection of Daniels Parkway and Six Mile Cypress Parkway, which sees 90,000 vehicles per day. The population within a five-mile radius is projected to expand by 11% over the next five years, according to Cushman & Wakefield.
“Daniels Marketplace provided a best-in-class investment opportunity featuring a desirable tenant mix serving a high-growth, expanding trade area,” says C&W's Gilbert. “The opportunity for additional development also provides potential upside for the new owner.”
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
