Fort Myers, FL
College Plaza Retail Center in Fort Myers Sells for $14.6 Million
August 29, 2024
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Corp Communications Manager
CBRE Capital Markets has arranged the $14.6 million sale of College Plaza, a 56,386-sq.-ft. retail center at 7070 College Parkway in Fort Myers, Florida.
CBRE Senior Vice President Jim Shiebler, CCIM, CEC represented both the seller and buyer, each private investors, in the transaction.
College Plaza is located on 5.25 acres at the busiest intersection in Lee County with more than 109,000 vehicles crossing the intersection each day. For the past 10 years, the shopping center has been fully leased by notable retailers, including Ada’s Natural Market, West Marine, Pet Supermarket, and an outparcel occupied by Five Guys, Tijuana Flats, and The Good Feet Store.
College Plaza is surrounded by retail outlets and dense residential neighborhoods, creating a high barrier to entry in this corridor. The center sits within one mile of Florida Southern State College and Canterbury School, and approximately two miles from Gulf Coast Medical Center.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.