Naples, Fort Myers and Charlotte
A developer based in Toronto plans to build a sales park combined on 10 acres at 25411 OLD 41 Road in Bonita Springs. The development of 181,000 square feet will be appointed the Bonita foundry and will also include the enclave of the Bonita foundry, an “specially designed luxury warehouse condominium”. Forage Real Estate Partners, who also has an office in Naples, describes the project as a “flexible and recreational commercial development” and says that it will respond to a request for industrial, commercial and flexible and flexible retail sales. Conor McBroom, president and founder of Forage, known as in an e-mail that, at the end, the Bonita foundry will have 37 luxury warehouse condominiums, 37 flexible industrial units with shallow bay and 19 flexible commercial units oriented in the street. These will be combinable, and Forage plans to rent and sell several units to unique prospects. Forage paid $ 7.85 million for the field and McBroom says that the total cost of the project is tens of millions. Forage is a real estate capital promoter, an investor and asset management company founded in 2019. It bought and developed more than 750,000 square feet of commercial space with a project cost of more than $ 250 million. Locally, it has the Mercantile Business Center in Naples. The construction of Bonita Foundry is expected to start next year and take 14 months.
The historic Edison Theater of Fort Myers has been sold in Sanibel Captiva Community Bank, which has been operating a branch there since 2017.
Sanibel Captiva Community Bank bought the Edison Theater Building in downtown Fort Myers. Lee County Records shows that the bank paid $ 2 million for the historic property at 1533, rue Hendry, according to Cinema Treasures, a website dedicated to cinemas, the Edison Theater opened on September 9, 1941, with a double functionality: “Charlie Chan in Rio” and “Mystery Ship”. He closed in June 1981 and operated as offices since. Sanibel Captiva has operated a branch in the theater building since 2017 and does not intend to move, according to a press release on the purchase. Commercial tenants occupy the second and third floors of the building and no change is planned for space either. The bank was founded in 2003 and currently operates eight branches in the county. Two of them – at 15975 McGregor Blvd. In Fort Myers and on Fort Myers beach – has undergone damage caused by hurricanes and employees work in temporary locations as new buildings are built.
Tampa, Saint Petersburg, Pasco and Polk
NVGTN, a pasco The fitness and lifestyle clothing brand of the county, has sold its headquarters and rents it. The 100,000 square feet of Trinity Corporate Center was bought by New Jersey -based Greek real estate partners for $ 22.5 million, according to Cushman & Wakefield. The terms of the lease have not been disclosed. NVGTN (navigation pronounced) built the expenses itself of the installation itself, according to an announcement in 2022, $ 15 million. The company, which was based in Clearwater at the time, built its new head office to extend its customer and production service operations. The building has a transparent height of 34 feet, 21 doors with high dock, three oversized doors and LED lighting. Brett and Ashleigh Schneggenburger started NVGTN in 2018 to answer what they considered a need for flattering sportswear. Today, he has customers in 180 countries. Greek real estate, based in East Brunswick, New Jersey, develops, builds and manages industrial properties. Rick Brugge by Cushman & Wakefield, Mike Davis, Rock Colon, Trey Carswell and Lisa Ross represented NVGTN.
Casa Di Francesco, an affordable housing community for the elderly of Hillsborough County, officially opened in early May.
Casa di FrancescoA community of affordable housing of 140 units for people 55 and over, has opened its doors in the county of Hillsborough. And, unlike many affordable housing developments in the region, space is available. The project was developed by Blue Sky Communities on a small part of a property of 20 acres belonging to the Catholic church St. Francis of Assii on State Road 579 in Mango, about 1.5 miles south of the Interstate 4. The project was born when the Reverend Edison Bernavas, pastor in St. Francis since 2017, has seen that many parish options affordable. The church occupied only a small part of her property and, he thought, she had a lot of room so that something was built to help. Bernavas met Blue Sky, based in Saint Petersburg, who was already in talks with the Catholic diocese of Saint Petersburg of the construction of affordable housing on the ownership of the church, and an agreement was concluded shortly before the pandemic. The inauguration took place in December 2023 and a ribbon cup took place last week. The four -story building has 140 units – 100 rooms and 40 two bedrooms – for the elderly at 22%, 33% and 60% of the region’s median income. The building opened its doors with 104 units available at 60% friend (current rental rates of 60% friend are $ 1,056 for a room and $ 1,274 for two rooms.)
Sarasota and Lamantin
Southstate, based in Polk county, operates 371 branches in eight states.
Corp’s Southstate blockbuster. The agreement for selling and rental 165 properties included two branches in the county of Manatee – 410 8th Ave. W. at Palmetto and 900 53rd Ave. E. in Bradenton – and one in Sarasota – 6204 N. Lockwood Ridge Road. Polk County Bank closed the sale of $ 457 million from the branches in March. The sale of the portfolio to the investment company in New York Blue Owl Real Estate Capital included branches in six states and, according to a federal file, “resulted in an before tax of about 229 million dollars, after expenditure related to transactions”. Southstate has kept all the branches open, signing net leases of 15 years on each. The leases included three five -year renewal options and annual increases of 2% of rents. Now, a few months later, the details of the sale of individual branches begin to appear. Local ownership files show that the Palmetto branch sold $ 5.29 million; The Bradenton branch sold $ 4.54 million; And the Sarasota branch sold $ 2.91 million. (A branch at 10101 Bloomingdale AV. in Riverview sold $ 4.06 million, according to Hillsborough County files.) Southstate, according to its report on the first quarter results published on April 24, has $ 65.1 billion in total assets on March 31.
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