Press Releases

Press Releases

  • Fuzzy’s Taco Shop opening first location in Fort Myers

    Fort Myers, Fla. (October 28, 2015) – Reflecting the rise in new-to-market fast casual restaurants in Southwest Florida, Fuzzy’s Taco Shop is opening its first area location in Fort Myers. The restaurant is scheduled to open in early 2016, and the owners are scouting for as many as 10 other locations in Southwest Florida. Known for its Baja-style Mexican food and quick service, Fuzzy’s Taco Shop will open in a 5,608-square-foot freestanding building and feature a full service liquor bar.

  • Prominent Pinellas County office park sells to institutional buyer

    CLEARWATER, Fla. (Oct. 22, 2015) – Park Place Office & Promenade, one of the most well-known office parks in Pinellas County, Fla., has sold to an affiliate of Steelbridge Capital, a real estate investment company with headquarters in Chicago and Miami. The purchase price was not disclosed. The properties, located at 311, 410, 420 and 430 Park Place Boulevard in Clearwater include a six-story, 118,447-square-foot office building and three, single-story, promenade-style buildings, totaling 50,221 square feet. The property was 96 percent occupied at the time of sale.

  • Colliers International Tampa Bay hires a Director of Retail Leasing Services

    TAMPA, Fla. (October 09, 2015) – Colliers International Tampa Bay has hired Stephanie Addis as a Director of Retail Leasing Services for the Tampa office, bringing more than 15 years of retail real estate experience to the team. Stephanie’s extensive retail relationships in the market will provide a strong foundation for her role as a leasing agent with the Tampa Bay office’s retail leasing team. Prior to joining Colliers, Stephanie served as a Senior Leasing Advisor where she was responsible for leasing of neighborhood and community shopping centers on the west coast of Florida. Her retail real estate career began in 1998.

  • Developer purchases 13.75 acres for $7.6 million in Orlando’s tourist corridor for luxury apartment development

    ORLANDO, Fla. (Oct. 6, 2015) – Northwood Ravin, LLC has purchased 13.75 acres of land at 7510 Lake Street in Orlando for $7.6 million. The proposed development, a 314-unit luxury apartment community, will be Northwood Ravin’s first project in the greater Orlando area. Susan Morris and Nick Jones of Colliers International Central Florida represented the seller, Floridays Orlando Ventures II, LLC. “With several major expansions at the area’s theme parks currently underway, Orlando’s tourist corridor is an attractive market for multifamily developers,” said Morris, Principal and Senior Vice President of Investment and Land for Colliers International Central Florida.

  • Colliers International closes second-largest industrial sale in Central Florida this year with sale of 821,000-square-foot property

    ORLANDO, Fla. (Sept. 30, 2015) – Legacy Capital Partners, a private equity investor out of Boulder, CO, has purchased Central Florida Business Park for $9.7 million in the second-largest industrial sale in Central Florida this year. The property includes 10 buildings – totaling 821,000 square feet on 52 acres – at 5300 Recker Highway in Winter Haven, Fla. Fred Beasley, SIOR, of Colliers International Central Florida represented the seller, a multi-billion-dollar global private equity firm.

  • Assisted living facility in Pensacola, Fla. sells for $5.4 million

    Pensacola, Fla. (Sept. 24, 2015) – Asbury Place, a retirement and assisted living facility, has sold for $5.4 million. The facility went under contract within 90 days of being listed, and was 90 percent occupied at the time of the sale. Asbury Place opened in 1998 and has 38 units and 64 beds. CTR Partnership, L.P., a REIT focusing on senior housing assets, purchased the facility from Cooper-Solice, Inc, which had operated the facility since it opened in 1998. The transaction was brokered by Kenneth Carriero, CCIM, Senior Vice President, and Damien Carriero, Associate Vice President of Colliers International National Seniors Housing Group.

  • Leading retail investment team joins Colliers International Central Florida

    ORLANDO, Fla. (September 10, 2015) – Colliers International Central Florida announced today that Glickman Retail Group, a retail investment advisory firm in Orlando, Florida, has joined the company’s Retail Services team. As one of the most active retail investment teams in Central Florida, Glickman Retail Group completed over $40 million in real estate sales transactions in 2015 to date and has numerous more transactions set to close this calendar year.

  • Dollar Flooring leases 7,100-square-foot retail space in Fort Myers

    FORT MYERS, Fla. (August 12, 2015) – Dollar Flooring has leased a 7,100-square-foot retail space at 14580 S. Tamiami Trail in Fort Myers. Ryan Leffler of Colliers International Southwest Florida represented the landlord, Southtrail Properties, LLC. Jack Liptak of VIP Commercial represented the tenant. “As residential development in Southwest Florida continues to thrive, the demand for flooring and other home goods has increased exponentially,” said Leffler, Director, Office and Healthcare Services for Colliers International Southwest Florida. “This property was a good fit for the tenant because of its size, access and visibility from South Tamiami Trail.” This will be Dollar Flooring’s first location in Southwest Florida.

  • Walgreens in Cocoa, Fla. sells for $5.35 million

    Cocoa, Fla. (July 30, 2015) – Seeking a long-term investment with the advantages of a net lease property, a private investor recently purchased a Walgreens store in Cocoa, Fla. for $5.35 million. The 15,120-square-foot standalone building sold for $354 per square foot. The buyer, SAHM Broadway MGT, LLC, a private investor from Rancho Sante Fe, Calif., was represented by Jan Boltres, CCIM, Managing Director of Industrial Services; and John Jackson, Industrial Services at Colliers International Tampa Bay. Net lease properties, where the tenant pays some or all of the taxes, fees and maintenance costs in addition to rent, are rising in popularity among investors, who like the simplicity of owning this type of property. “The buyer was seeking a net lease property as a long term investment,” said Colliers’ Boltres. “It sold at a cap rate under 6 percent, which is at market value for this type of investment, considering the amount of time that Walgreens had remaining on its lease.” The Walgreens store, located at 1106 Clearlake Road in Cocoa, is less than four miles from both the Martin Andersen Beachline Expressway and I-95.

  • Kaycan leases 17,000-square-foot industrial space in Fort Myers

    FORT MYERS, Fla. (July 16, 2015) – Kaycan, one of the world’s leading producers of vinyl and aluminum siding and coils, has leased a 17,000-square-foot industrial space at 3580 Work Drive in Fort Myers. William Mankin, Managing Director, Office Services for Colliers International Southwest Florida, represented the tenant. Stan Stouder of CRE Consultants represented the landlord, Huttig Building Products, Inc. “Due to the increasing demand for industrial space in the 15,000- to 30,000-square-foot range, it’s becoming difficult for tenants to find suitable spaces this size, particularly those looking for dock-height space,” said Mankin. “This lack of supply in industrial product will likely result in higher rental rates, at least until new construction comes online.”

  • Developer purchases 55 acres in St. Cloud for $3.2 million for planned residential community

    ORLANDO, Fla. (July 8, 2015) – Canopy Walk, LLC, an affiliate of Home Dynamics Corporation, has purchased 55 acres of land at US 192 and Nora Tyson Road in St. Cloud for $3,225,250. The proposed development, a 193-home single-family residential community, will be Home Dynamics’ fourth homebuilding project in the greater Orlando area. Trevor Hall, Jr. and George Pjevach of Colliers International Central Florida handled the transaction. The seller was 623 Partners, LLC. The area around the property is booming, tied to the growth of Lake Nona Medical City, a 650-acre health and life sciences park in Orlando, a premier location for medical care, research and education. The Orlando VA Medical Center alone is creating 600 new jobs with its opening in Medical City later this year. “The recent and rapid growth of Lake Nona Medical City has increased demand for residential housing in the surrounding areas,” said Hall, Director of Land Services for Colliers International Central Florida. “This workforce will be the primary target prospects for these homes.”

  • Private investor purchases retail center in Cape Coral for $2.25 million

    FORT MYERS, Fla. (July 7, 2015) – D&S, Inc., a West Virginia Corporation, has purchased a 19,060-square-foot strip center on 1.56 acres of land at 601 Del Prado Boulevard North in Cape Coral for $2.25 million. The sale was part of a tax-deferred (1031) exchange. William Mankin, Managing Director, Office Services for Colliers International Southwest Florida, represented the buyer. Phil Deems of Phil Deems Real Estate represented the seller, William J. Lader. “Reasonably priced investment properties are becoming more difficult to find in Southwest Florida,” said Mankin. “As supply for suitable retail property diminishes, we’re seeing a trend toward lower capitalization rates and resulting price increases.” D&S will oversee cosmetic improvements to the building’s exterior and plans to increase value for existing tenants. Current tenants include Century 21, Cabinet Depot and Petrucci Pianos. “This property was a good fit because of its strong location and value-added potential,” said Mankin.

  • Colliers International Tampa Bay hires Bill Reeves as Managing Director – Office Services

    TAMPA, Fla. (July 1, 2015) – Bill Reeves, one of Florida’s top office brokers, has joined Colliers International Tampa Bay as Managing Director – Office Services, based in its Tampa office. Reeves focuses on representing office tenants and corporate real estate users, and has completed over 250 real estate transactions totaling over 1 million square feet in his career, which began in 1998. Reeves joins Colliers after an extremely successful 15-year tenure at Cushman & Wakefield, where he was a top producer, winning NAIOP “Office Deal of the Year” and “Best of the Best” awards for handling some of the Tampa Bay area’s most notable corporate relocations and transactions, and winning FGCAR’s (Florida Gulfcoast Commercial Association of Realtors) “Pinnacle Award” for Deal of the Year, for Draper Labs’ purchase of a St. Petersburg building for research and development.

  • Organic liquor distillery leases 8,910-square-foot facility in Fort Myers

    FORT MYERS, Fla. (June 17, 2015) – List Distillery, LLC has leased an 8,910-square-foot industrial space at 3680 Evans Ave, Unit A, in Fort Myers to serve as the company’s organic liquor distillery, tasting room and gift shop. This will be the second distillery in Lee County, and one of less than 20 in the state of Florida, according to The Florida Distillers Guild. Jim Tamblyn, CCIM, Senior Associate, Commercial Services for Colliers International Southwest Florida, represented the tenant. Bob White, CCIM, of Lee & Associates represented the landlord, Creative Development Co, LLC. “Thanks to a recent state law reform, micro distilleries in Florida can now sell on-site, directly to consumers,” said Tamblyn. “This is a huge draw for distilleries looking to open a Florida-based operation.”

  • Colliers International Completes Sale of Luxury Apartment Complex in Florida

    June 16, 2015 – Colliers International in Greater Phoenix recently completed the sale of the 390-unit Grand Reserve at Park Isle, a gated Class A multifamily community in Florida. Grand Reserve Borrower LLC of Dallas, Texas purchased the complex, located at 2600 W. Grand Reserve Circle, in Clearwater Florida from Standard Grand Reserve LLC of Arcadia, California. The seller was represented by the Colliers Cooke Team, led by Cindy Cooke, senior executive vice president, and Brad Cooke, vice president, in Colliers International’s Phoenix office, which partnered with John Stone, principal and managing director, in the Colliers Clearwater office in Florida.

  • Raypak relocates to 30,100-square-foot industrial property in Fort Myers

    FORT MYERS, Fla. (June 2, 2015) – Raypak, Inc. has leased a 30,100-square-foot industrial property at 5630 Zip Drive in Fort Myers, giving the company room to grow, since it had outgrown its previous facility. Raypak previously leased a 24,000-square-foot facility at 7920 Interstate Court in North Fort Myers. Dan Miller, Director of Industrial and Land Services for Colliers International Southwest Florida, represented the tenant. Darius Cochran of RE/MAX Realty Group represented the landlord, Commercial Property Associates. “Raypak’s Florida operations are doing very well,” said Miller. “This move will allow the organization to accommodate this growth with 20 percent more space than their previous facility.”

  • Colliers International Central Florida hires leading industrial broker Rich Davis as Managing Director, Industrial Services

    ORLANDO, Fla. (May 12, 2015) – Colliers International Central Florida has hired one of Central Florida’s top industrial services brokers, Richard Davis, Jr., as Managing Director - Industrial Services, the company announced today. In this role, Davis will focus on the sale, leasing and development of industrial properties in Central Florida. Davis has 19 years of experience in industrial real estate in Orlando and has worked with clients such as Masco Corporation, Costco, Kellogg USA and Unifirst, among many others. He has represented several national companies in the acquisition, disposition and development of institutional distribution facilities.

  • National real estate investor purchases Grandeville on Saxon for $30 million in online auction

    ORLANDO, Fla. (April 30, 2015) – Northland Grandeville, LLC, doing business as Northland Investment Corporation, has purchased apartment complex Grandeville on Saxon in Orange City, Fla., for $30,345,000 on Auction.com. The Class A, 316-unit property, located at 741 Saxon Boulevard, includes 21 multifamily buildings with 352,616 square feet of rentable space. The buyer, Northland Investment, is a real estate investment company. George Pjevach of Colliers International Central Florida and John Stone of Colliers International Tampa Bay represented the seller, WBCMT 2006-C24 Saxon Boulevard, LLC, for which LNR is the special servicer. John Mitchell, Senior Vice President with LNR, oversaw the liquidation process.

  • Colliers International Central Florida hires veteran broker Joe Rossi as Managing Director, Investment Services

    Colliers International Central Florida has hired veteran investment services broker Joe Rossi, CCIM, as Managing Director, Investment Services, the company announced today. In this role, Rossi will focus on growing Colliers International Central Florida’s office, medical and industrial investment services capabilities.

  • Mease Manor Retirement Community Purchases Union Street United Methodist Church Building

    CLEARWATER, Fla. (March 3, 2015) – Mease Manor, a retirement community located in Dunedin, has purchased a 27,453-square-foot church and educational facility on a 4.91-acre lot at 1625 Union Street in Clearwater. The purchase price was $1.1 million. Jim Parker, CCIM, of Colliers International Tampa Bay represented the seller, Union Street United Methodist Church.

  • Student Housing Gets an Upgrade

    Student housing has undergone a transformation in recent years, with an increasing number of private developments resembling high-end apartments rather than traditional dormitories, with amenities including swimming pools and party rooms...“Given the right fundamentals and consideration to the creditworthiness of the retail/commercial component, these assets will attract significant buyers that will likely pay a premium for the asset,” said Dorothy Jackman, managing director of the National Student Housing Group at Colliers International.

  • Developer purchases 43 acres in newly incorporated Village of Estero

    FORT MYERS, Fla. (Feb. 4, 2015) – SD Estero Crossings, LLC, doing business as Stock Development, has purchased 43 acres of land at 10500 Corkscrew Road for $5.805 million. The proposed development, Estero Crossing, will have both commercial and residential components. Jim Garinger, CCIM, SIOR, and Fred Kolb, MBA, CCIM, of Colliers International Southwest Florida handled the transaction. JTAD Estero, LLC was the seller. “The recent incorporation of the Village of Estero has created greater stability for this area and in turn, a high level of interest in the commercial and residential real estate markets,” said Garinger, Senior Managing Director and Principal for Colliers International Southwest Florida. “Hertz’s decision to move their global headquarters to the area has also created a great deal of buzz that has many excited for the future of this city.”

  • Developer makes $2 million land purchase in Fort Myers for senior living community

    FORT MYERS, Fla. (Feb. 3, 2015) – Capitalizing on the growing need for assisted living care in Southwest Florida, Omega Communities, LLC has purchased 8.93 acres of land at Six Mile Cypress Parkway just south of Daniels Parkway in Fort Myers for $2.05 million. Omega plans to develop a senior living community on the parcel. Karen Johnson-Crowther and Dannielle Crowther Robinson of Colliers International Southwest Florida represented the seller, DRLP, Ltd. Conni Dean, CCIM, of Venture Realty and Investments represented the buyer.

  • Three new medical office leases signed in Fort Myers professional center reflect improving market

    FORT MYERS, Fla. (Jan. 27, 2015) – As office rental rates continue to increase in Fort Myers, three companies have signed new medical office leases in South Metro Professional Center. The leases, all completed in the fourth quarter of 2014, absorbed a total of 6,700 square feet in the 47,000-square-foot center, located at 13650-13710 Metropolis Avenue in Fort Myers. Bill Mankin and Jim Tamblyn, CCIM, of Colliers International Southwest Florida negotiated two of the lease transactions and represented the landlord in the third. “This activity is significant because overall, leasing of medical office space in Fort Myers has been very slow over the past couple of years,” said Tamblyn. “To have three new leases signed in one center in a relatively short amount of time indicates to us that medical office tenants see that lease rates have bottomed out and will only be rising from here.”

  • Colliers International Student Housing Group sells student housing community in Midtown area of Atlanta for $28 million

    ATLANTA, Ga. (Jan. 22, 2015) – Colliers International Student Housing Group headquartered in Tampa, FL has sold a 330-bed, 118-unit student housing community at 100 10th Street NW in midtown Atlanta. Dorothy Jackman and Travis Prince of Colliers International Student Housing Group handled the transaction with local support from Steven Peden and Paul Pursell of Colliers International Raleigh/Durham Multi-family Services Group, and Ron Cameron and Will Matthews of Colliers International Atlanta Multi-Family Services Group. The seller was Midtown Partners One, LLC, a North Carolina private investment group that created the project in 2005. Pierce Education Properties, L.P. purchased the property for $28M and, with over $500 million in closed acquisitions, is a leading national buyer of student housing. This property will be part of Pierce’s growing portfolio of core student housing assets nationwide.

  • Colliers International Central Florida hires veteran broker Lee Morris as Managing Director, Industrial Services

    ORLANDO, Fla. (Jan. 20, 2015) – Colliers International Central Florida has hired one of the Southeast’s most successful industrial brokers, Lee Morris, SIOR, CCIM, LEED AP as Managing Director, Industrial Services, the company announced today. In this role, Morris will help expand Colliers International Central Florida’s industrial presence and market share by strengthening current relationships and creating new opportunities with clients. In his career, Morris has handled more than 25 million square feet of industrial sale and lease transactions with a total value in excess of $1.5 billion. He has 34 years of real estate experience, including 24 years in commercial brokerage, and has worked with several top brokerage firms. His past positions include Director of Industrial Services with Cushman & Wakefield in Orlando and investment broker with CBRE in South Florida. Prior to his brokerage career, Morris owned and operated a construction & investment firm.

  • Planet Home Lending leases third floor of Lincoln Center in Tampa’s Westshore district

    TAMPA, Fla. (Jan. 12, 2015) – Taking advantage of the opportunity to lease a large contiguous office space in Tampa’s popular Westshore district, Planet Home Lending has leased the entire third floor of Lincoln Center at 5401 W. Kennedy Blvd. Pat Marzulli, CCIM, SIOR, of Colliers International Tampa Bay represented the tenant in the 22,450-square-foot lease transaction. Pat McGuire and Katy Alderman of Redstone Asset Management Services, LLC represented the landlord, St. Paul Fire and Marine Insurance Company. “Large contiguous office spaces in Westshore office towers are becoming more difficult to find as inventory is being absorbed,” said Marzulli, Director of Industrial Services for Colliers International Tampa Bay. “This space is conducive to expansion and competitively priced, both of which were important to Planet Home Lending in this transaction.”

  • Ashley Furniture HomeStore purchases retail space in Sarasota for $4.4 million

    SARASOTA, Fla. (Jan. 6, 2014) – Following a recent trend of buyers retrofitting Sarasota retail properties for desired uses, Kingswere Furniture, LLC, doing business as Ashley Furniture HomeStore has purchased a 44,500-square-foot retail space at 4650 S. Tamiami Trail in Sarasota for $4.4 million. Tyler Peterson, CCIM, and Jim Kovacs of Colliers International Tampa Bay represented the buyer in the transaction. Massimo Rastrelli from CASTO Southeast Realty Services represented the seller, Rodney Dessberg. “This amount of square footage is not easy to find in a strong market such as Sarasota, which is why many buildings are being purchased and either demolished for redevelopment or retrofitted with an entirely new look and feel,” said Peterson, Associate, Retail Services for Colliers International Tampa Bay. “Ashley Furniture HomeStore will follow this trend, overseeing an intensive retrofitting of the space to align with the company’s international brand.”

  • LeBiztro leases second-generation restaurant space in desirable area off Sand Lake Road in Orlando

    ORLANDO, Fla. (December 22, 2014) – Following a trend of successful restaurant concepts opening locations in the Doctor Phillips area off Sand Lake Road in Orlando, LeBiztro has leased a 7,000-square-foot retail space at 8000 Via Dellagio Way, in the Dellagio Shopping Center. Jorge Rodriguez, CCIM, and Antonino Poma of Colliers International Central Florida represented the landlord, Excel Trust. Joseph Schuemann of BlueRock Real Estate Services represented the tenant. “This transaction is a testament to the strength of Sand Lake Road when it comes to restaurants,” said Rodriguez, Director of Retail for Colliers International Central Florida. “So with such a strong geographic market, moving into second-generation restaurant space with a promising concept is very appealing.”

  • Ashley Furniture HomeStore leases 37,741-square-foot retail property in Sanford

    SANFORD, FL (Dec. 19, 2014) - As Central Florida's second-generation retail lease space continues being absorbed, Kingsware Furniture, LLC, doing business as Ashley Furniture HomeStore, has leased a 37,741-square-foot retail property at 203 Towne Center Blvd., Suites 121, 131, 145 and 157, in the Gateway Plaza of Sanford, Florida. Scott Corbin of Colliers International Central Florida represented the tenant.

  • Colliers International Tampa Bay reduces downtown office building’s annual energy bill by nearly $1 million

    TAMPA, Fla. (Dec. 18, 2014) – The Building Owners and Managers Association (BOMA) of Greater Tampa Bay has recognized Colliers International Tampa Bay’s Real Estate Management Division for the significant impact it has had on the energy efficiency of Park Tower, reducing the annual energy bill by over $900,000. The building, which is managed by Colliers International, received The Outstanding Building of the Year (TOBY) 2014 Earth Award. Park Tower is a 36-story, 472,462-square-foot downtown Tampa Class B office building with 50 tenants.

  • Colliers International brokers $2.2-million sale of prime retail property in desirable Winter Park location

    ORLANDO, Fla. (December 8, 2014) – Following a recent trend of high-profile developments taking shape on Orlando Avenue in Winter Park, Constant Innovations, LLC has purchased a 9,000-square-foot retail property on a 1.03-acre lot at 901 S. Orlando Avenue for $2.2 million. Jorge Rodriguez, CCIM, and Trevor Hall, Jr. of Colliers International Central Florida represented the seller, Blake Family Real Estate Holdings, LLC. Coldwell Banker Commercial NRT represented the buyer, a private investor that plans to redevelop the property.

  • Colliers International Tampa Bay brokers $5.3-million sale of industrial service center in Lakeland

    LAKELAND, Fla. (December 4, 2014) – Following a growing trend of sale-leaseback transactions, which allows a company to finance its growth by selling a real estate asset and remaining in the space as a tenant, Brennan Investment Group, LLC has purchased a 113,308-square-foot industrial property at 5120 Great Oak Drive in Lakeland for $5.3 million. Edward Miller, SIOR, CCIM, and Dolores Seymour, MCR, SIOR, CCIM, of Colliers International Tampa Bay represented the seller, Great Oak Property Management, LLC, doing business as Structall Building Systems.

  • New lease in Orlando’s Kirkman Point Professional Park takes its first office building to 98% occupancy

    ORLANDO, Fla. (November 18, 2014) – Consistent with Central Florida’s improving office market, StaySky Vacations has leased a 12,950-square-foot office space at 7055 Kirkman Road in Orlando, taking the first building in the Kirkman Point Office Park to 98% occupancy. The first of four buildings to be constructed at Kirkman Point Office Park, Kirkman Point I is a four-story, 134,000-square-foot office building located off of Kirkman Road, one block from International Drive. The Class A building is LEED Certified at the Silver Level by the U.S. Green Building Council. “This is a great location for StaySky Vacations, placing them in the heart of the tourist corridor in the Orlando market,” said Davis. “With a flexible plan, open layout and great parking, this building is an excellent fit for their organization’s office needs.”

  • Whole Foods Market Centre in Sarasota sells for $19.1 million

    SARASOTA, Fla. (October 17, 2014) – Consolidated-Tomoka Land Co. has purchased the Whole Foods Market Centre in Sarasota for $19.1 million. The 59,341-square-foot center on 3.94 acres is located at 1451 1st Street in downtown Sarasota. The multi-tenant property includes a center with small shops located on the ground floor of a condominium development, as well as a freestanding building leased by Whole Foods Market. Mike Milano, CCIM, MAI, and Ron Schultz of Colliers International Tampa Bay, and Cynthia Shelton, CCIM, CRE, CIPS, and Kane Morris-Webster, CCIM, of Colliers International Central Florida, represented the seller, Casto-Zenith Venture, LLC in the transaction.

  • Colliers International brokers sale of medical office space for $4 million in Fort Myers

    FORT MYERS, Fla. (October 16, 2014) – Following a trend of investors seeking quality investments rather than the “value-add” purchases that have dominated the market in recent years, Fort Myers Creekside MOB LP has purchased a 24,174-square-foot medical office building at 12600 Creekside Lane in Fort Myers for $4 million. Jim Tamblyn, CCIM, and William Mankin of Colliers International Southwest Florida represented the seller, Jacobs Properties, LP.

  • Colliers International Central Florida Hires Veteran Broker Robert Kellogg as Managing Director, Office Services

    ORLANDO, Fla. (Jul. 21, 2014) – Expanding its office brokerage team, Colliers International Central Florida has hired veteran broker Robert Kellogg as Managing Director, Office Services, the company announced today. In this role, Kellogg will help build Colliers International Central Florida’s office presence and market share by strengthening current relationships and creating new opportunities with future clients. With deep experience in leasing and landlord representation, Kellogg most recently handled a portfolio totaling more than 1 million square feet, including office, industrial and medical properties. His experience also includes representing owners in both the acquisition and disposition of assets.

  • CFE Federal Credit Union purchases two properties in Central Florida for nearly $3 million

    ORLANDO, Fla. (Jan. 27, 2014) – CFE Federal Credit Union, a credit union that serves 130,000 members and has more than $1.4 billion in assets, recently acquired two properties in Central Florida to add branch location convenience to existing members and to offer its products and services to potential members.

  • Colliers International Southwest Florida Hires Ryan Leffler as Director, Office Services

    FORT MYERS, Fla. (Jan. 14, 2014) – Expanding its already strong presence in the office niche, Colliers International Southwest Florida has hired veteran office broker Ryan Leffler as Director, Office Services, the company announced today. Leffler was previously the President of Leffler and Associates in Fort Myers.

  • The InfiLaw System Corporation headquarters space in two entire floors of Class-A Naples office building

    FT. MYERS, Fla. (Dec. 16, 2013) – In a sign that the “flight to quality” continues in the office market with tenants moving to upgraded space, Colliers International Southwest Florida is pleased to announce that The InfiLaw Corporation has leased the entire fourth and fifth floors of the American Momentum Center office building, located at 8625 Tamiami Trail N in Naples.

  • Industrial property sells for $1.4 million in Orlando

    ORLANDO, Fla. (Dec. 1, 2013) – As an example of the increased activity involving quality Central Florida industrial assets, RL MIT, LLC purchased a freestanding industrial building at 2175 Premier Row in Orlando for $1,393,600.

  • Local developer buys four buildings on 2.4 acres in Cape Coral, Fla., for $1.35 million

    FORT MYERS, Fla. (Sept. 17, 2013) – Signaling the continued improvement of the Southwest Florida commercial real estate market, a local developer has purchased four buildings on 2.4 acres of land in downtown Cape Coral, Fla., for $1.35 million.

  • Lakeside Technology Center sells for $4.7M

    TAMPA, Fla. (September 17, 2013) – Lakeside Technology Center has sold for $4.7 million to Tampa International Business Center, LLC, with the new owner intending to revive the office space.

  • Palm Bay Commons retail center in Melbourne sells for $1.35 million

    MELBOURNE, Fla. (Aug. 27, 2013) – In a sign of the continued improvement of the Central Florida retail market, Caerus Capital Partners, LLC, has purchased the Palm Bay Commons retail center for $1.35 million from PWREO Palm Bay Commons, LLC. The 9,000-square-foot multi-tenant strip center sits on .91 acres of land at 1105 Palm Bay Road in Melbourne.

  • Colliers International Southwest Florida Hires Rob Warstler as Director, Retail Services

    FORT MYERS, Fla. (Aug. 15, 2013) – Growing its already strong retail presence, Colliers International Southwest Florida hired seasoned retail broker Rob Warstler as Director, Retail Services, the company announced today. Warstler was previously the Director of Retail Services for Colliers International South Florida, located in Miami.

  • Colliers International Central Florida Hires Orlando’s Top Retail Landlord Representation Team

    ORLANDO, Fla. (Aug. 13, 2013) – Growing its already robust retail practice, Colliers International Central Florida has hired Orlando’s top retail landlord representation team, the company announced today. Genny Hall and Christin Jones join Colliers International Central Florida as Directors of Retail Services.

  • Gainesville multifamily property sells for $5.3M

    GAINESVILLE, Fla. (August 5, 2013) – After completing a national marketing campaign, a team of Colliers International brokers from Tampa Bay, Orlando and Los Angeles has sold a Gainesville multifamily value-add property called In the Pines Apartments for $5.3 million.

  • Colliers International’s Student Housing Group Expands

    CLEARWATER, Fla. (Aug. 1, 2013) – Colliers International has expanded its national Student Housing Group, broadening its services to further support both institutional and private investors who are looking to acquire student housing properties.

  • Borrow pit location in Wimauma sells for $3.1 million

    WIMAUMA, Fla. (August 1, 2013) – A 453-acre tract in Wimauma with a major reserve of fill dirt used for road building and commercial construction has sold for $3.1 million, Colliers International Tampa Bay announced today.

  • Former Dodge dealership property sells for charter school use in Kissimmee for $2.1 million

    ORLANDO, Fla. (July 23, 2013) – Following a trend of former automobile dealership locations being adapted for use as schools, SDK Inc. has sold a property at 2880 N Orange Blossom Trail in Kissimmee, Fla., to Charter OC Kissimmee Holdings, LLC, for $2.1 million.

  • Colliers International Tampa Bay closes sale in downtown St. Petersburg for $1.7M

    ST. PETERSBURG, Fla. (July 22, 2013) – Colliers International Tampa Bay closed the sale of Courthouse Square, a 27,341-square-foot, three-story office building in downtown St. Petersburg, after six months of working with the owner to prepare the property for sale.

  • The Village Shoppes in Orlando sells for $2.9 million

    ORLANDO, Fla. (July 17, 2013) – In an area where available retail space is limited other than in the Altamonte Mall, PWL REO, LLC purchased The Village Shoppes, a 34,000-square-foot retail center in Altamonte Springs, Fla., from an undisclosed seller for $2.9 million.

  • Former Bally’s Location in Casselberry Sold to Herzing University for $4.45 Million

    ORLANDO, Fla. (June 17, 2013) – Herzing University purchased the property it had been leasing since 2010 at 1865 Semoran Boulevard in Casselberry, Fla., from Casselberry Partnership, LTD, for $4.45 million.

  • Orange Business Services to Move to Park Place in Clearwater

    CLEARWATER, Fla. (June 3, 2013) – In a sign that the “flight to quality” continues in the office sector, Colliers International Tampa Bay is proud to announce that Orange Business Services U.S., Inc., signed a 19,288-square-foot office lease in Park Place, located at 420 Park Place Boulevard in Clearwater.

  • Brew Hub Signs Major Industrial Lease in Lakeland

    LAKELAND, Fla. (April 30, 2013) – Finding a site that accommodates its unique utility needs and sits in a prime location for distribution, Brew Hub LLC has signed a 50,400-square-foot industrial lease at 4100 South Frontage Road, Building 700, in Lakeland.

  • Two New Office Leases Totaling Nearly 25,000 Square Feet Good Sign for Maitland, Fla., Market

    ORLANDO, Fla. (April 29, 2013) – In a sign that the office market in Maitland, Fla., is starting to rebound after years of very little new activity, Colliers International Central Florida is pleased to announce two new office leases, totaling nearly 25,000 square feet, were signed in the Maitland Concourse South office complex at 875 Concourse Parkway in Maitland.

  • Colliers International Southwest Florida Closes $1.15-Million Sale of Eight Office Buildings in North Port, Fla.

    FT. MYERS, Fla. (April 24, 2013) – In a sign that the commercial real estate market in North Port, Fla., is seeing a recovery, Colliers International Southwest Florida, in partnership with Jones Lang LaSalle, is pleased to announce that SOF-VIII-FT Park of Commerce North Port, LLC sold eight office buildings in the Toledo Blade Professional Center to Golden Key Properties for $1.15 million.

  • Colliers International Closes $4.3-Million Sale of 160-unit Assisted/Independent Living Senior Housing Facility in Rochester, N.Y.

    ROCHESTER, N.Y. (April 19, 2013) – In an indication senior housing assets are increasingly being seen as a core investment, Colliers International is pleased to announce LML associates’sale of The Shire at Culverton/North Village Apartments – a senior housing community with 118 assisted-living units and 42 independent-living apartments – located at 2515 Culver Road, Rochester, N.Y., to the Shire at Culverton, LLC for $4.3 million.

  • Four Colliers International Tampa Bay Brokers Win Honors at FGCAR’s Annual Pinnacle Awards

    TAMPA, Fla. (April 7, 2013) – Colliers International Tampa Bay professionals won the following four major honors at the Florida Gulfcoast Commercial Association of Realtors’ (FGCAR) annual Pinnacle Awards, held on April 2, at A La Carte Pavilion in Tampa:

  • Colliers International Tampa Bay Closes $19-Million Sale of 182-Unit Student Housing Facility in Lexington, Ky.

    CLEARWATER, Fla. (April 2, 2013) – Having successfully navigated a complex loan assumption, Colliers International Tampa Bay is proud to announce McKinney Properties’ sale of The Courtyards, a 182-unit, 676-bed student housing community located at 845 Red Mile Road in Lexington, Ky., to the joint venture of VerTex Student Housing Partners and Harrison Street Real Estate Capital for $19,285,000.

  • Colliers International Hires Juan Vega, One of Florida’s Top Medical Office Space Experts

    CLEARWATER, Fla. (March 11, 2013) – Juan Vega, CCIM, SIOR, one of Florida’s leading commercial real estate professionals in the medical office and corporate services niche, has joined Colliers International Tampa Bay, Central & Southwest Florida as Managing Director - Office and Medical Services, the company announced today.

  • Colliers International Central Florida Wins Major Leasing Assignment for Five Supermarket-Anchored Retail Properties in Central Florida

    ORLANDO, Fla. (March 8, 2013) – Colliers International Central Florida has been awarded the leasing assignment for five retail properties, totaling approximately 375,198 square feet, in Central Florida. Jorge Rodriguez, CCIM, and Scott Corbin of Colliers International Central Florida will spearhead leasing efforts for the centers, all of which are anchored by major supermarket brands, including two Publix and three Winn-Dixie locations. McKinley, Inc., recently took over the properties as property manager.

  • Colliers International Central Florida Closes $2.6 Million Sale of Flex-Office Property in Winter Garden, Fla.

    WINTER GARDEN, Fla. (Feb. 28, 2013) – Seeing an opportunity to bring in a buyer to purchase a flex office park that was 65 percent occupied, Colliers International Central Florida is pleased to announce the $2.6-million sale of West Orange Professional Center, located at 1249 Winter Garden Vineland Road in Winter Garden, Fla.

  • Publix-anchored shopping center in New Port Richey sells for $8.45M

    NEW PORT RICHEY, Fla. (February 27, 2013) - Located in a thriving, growing area of southeast Pasco County, the 69,083-square-foot Publix-anchored River Walk shopping center in New Port Richey recently sold for $8.45 million.

  • Colliers International Central Florida Wins Major Leasing Assignment for Five Retail Properties in Orlando

    ORLANDO, Fla. (Feb. 25, 2013) – Colliers International Central Florida will assist Excel Trust, Inc. (NYSE: EXL), in leasing five retail properties, totaling 319,000 square feet, in the Greater Orlando area.

  • Colliers International Tampa Bay Hires Land Brokerage Expert Mark Eilers

    TAMPA, Fla. (Feb. 20, 2013) – Adding more expertise to take advantage of the recovering land market in Florida, Colliers International Tampa Bay has hired land veteran Mark Eilers as Director of Land Services. He has significant experience in residential land development (both single and multi-family sites), commercial sites, and large mixed-use development tracts.

  • Colliers International Central Florida Closes Two Industrial Deals, Totaling Nearly $2.4 Million and Over 58,500 Square Feet

    ORLANDO, Fla. (Feb. 19, 2013) – With the Central Florida industrial market’s supply still exceeding demand, Colliers International Central Florida has recently closed two industrial transactions to owner-users at prices significantly below replacement costs.

  • Colliers International Southwest Florida closed transactions for January 2013

    FORT MYERS, Fla. (February 14, 2013) – Colliers International Southwest Florida completed the following sales and leasing transactions in January 2013:

  • Jarrell Receives Master Of Corporate Real Estate (MCR) Designation

    TAMPA, Fla. (February 7, 2013) – Mia Jarrell, Managing Director for Colliers International Tampa Bay, has been awarded the industry’s most prestigious designation, the Master of Corporate Real Estate (MCR), by CoreNet Global, the world’s leading professional association for corporate real estate and workplace executives. Jarrell is one of 146 global corporate real estate executives to earn the MCR designation in 2012.

  • Naples office building sells for $3.5 million

    NAPLES, Fla. (January 18, 2013) – Closing in just over two weeks before the New Year, 1250 North Trail Building, a three-story Class B garden-style office building in Naples, recently sold for $3.5 million.

  • Colliers International Closes $1.4 Million Sale of Double-Net-Leased Family Dollar Location in Hernando, Fla.

    HERNANDO, Fla. (Jan. 15, 2013) – Indicating the popularity of purchasing double- and triplenet-leased buildings, Colliers International Central Florida is pleased to announce the sale of a 8,320-square-foot retail property at 4784 N. Carl G. Highway in Hernando, Fla., for $1.4 million. Family Dollar is the single tenant under a double-net lease in this freestanding building.

  • Colliers International Seniors Housing Group closes $2.4M sale of facility in Southeast Florida

    STUART, Fla. (January 9, 2013) – Selling for an extremely high per-unit and per-squarefoot price for an assisted living facility, Amore Dementia Care recently sold to Growth Capital Investments, LLC for $2.395 million. The facility sold for $126,052 per unit and $276 per square foot.

  • Colliers International Closes Second-Largest Office Investment Sale in Orlando this Year for $33 Million

    ORLANDO, Fla. (Dec. 18, 2012) – In the second-largest office investment sale in Orlando in 2012, Colliers International is pleased to announce that Crocker Partners has purchased the Orlando University Center office park for $33,275,000 on Auction.com.

  • Colliers National Seniors Housing Group closes leasehold interest of St. Petersburg facility

    ST. PETERSBURG, Fla. (November 27, 2012) – Selling for three times the facility’s cash flow, the leasehold interest for the Baytree Lakeside assisted living facility in St. Petersburg has been sold to Morningstar Assisted Living, LLC.

  • Maine’s “Sea Dog Brew Pub” opening in Clearwater

    CLEARWATER, Fla. (October 23, 2012) – Putting a brew pub location in one of its brand’s strongest markets, Sea Dog Brewing Co. is bringing its handcrafted beer and Northeastern menu to Clearwater. Planning for a mid-November opening, the Clearwater Sea Dog Brew Pub will be the first in Florida, with an Orlando location opening soon after.

  • Colliers International Tampa Bay hires new retail broker

    TAMPA, Fla. (October 8, 2012) – Bringing six years of experience in commercial leasing and sales, Raquel Coryer is joining Colliers International Tampa Bay as a retail senior associate, where she will focus primarily on retail landlord representation. Coryer most recently worked with Levin Investment Realty Corp. of Tampa as a Commercial Real Estate Sales Associate for six years, recently achieving the Broker Associate designation. Having worked largely with retail and restaurant clients, Coryer is experienced in landlord representation, site selection, proactively seeking tenants to create optimal tenant mixes, and negotiating and understanding the complexities of retail leases. She has worked on transactions in South Tampa, Seminole Heights and the Downtown sub-markets, as well as in neighboring counties.

  • Colliers International Central Florida Wins Leasing Assignment for Waterford Park Office-Medical-Retail Property in East Orlando

    ORLANDO, Fla. (Sept.18, 2012) – Colliers International Central Florida has been selected as the exclusive leasing agent for Waterford Park, a 116,000-square-foot commercial office, medical and retail property located at 12301 Lake Underhill Road in Orlando.

  • Colliers closes two shopping centers in Southwest Florida with sales totaling over $9M

    FORT MYERS and BONITA SPRINGS, Fla. (September 11, 2012) – Purchased by the same buyer as a long-term investment, sales of the Promenade at Bonita Springs and Island Park Shopping Center in Fort Myers have closed for a total of $9.125 million.

  • Colliers closes multifamily property sale in Jacksonville

    JACKSONVILLE, Fla. (September 7, 2012) – Buying the newly constructed property for well below replacement cost, Palatine Capital Partners, LLC has closed on the purchase of the 180-unit Villas at Dames Point Crossing apartment complex for $14.02 million.

  • Colliers Closes University of Illinois' Indigo Place

    SAVOY, Ill. (September 4, 2012) – In line with its strategy to grow its student housing portfolio and pursue value-add properties, Bridge Partners has purchased Indigo Place, a student housing community serving the students of the University of Illinois at Urbana-Champaign.

  • Colliers International Central Florida Closes $1.15 Million Land Sale in Horizon West

    ORLANDO, Fla. (Aug. 9, 2012) – Working through complex acquisition and pre-development issues to enable the sale of 102 acres of entitled raw land within the Horizon West multi-village planning area in Orange County, Colliers International Central Florida recently closed the sale of the property for $1.15 million. The land on Seidel Road is within Village F of Horizon West and consists of 48 acres of uplands and 25 acres of net developable land for residential development.

  • Colliers International Southwest Florida hires Dan Miller as Director of Industrial and Land Services

    FORT MYERS, Fla. (July 31, 2012) – Colliers International Southwest Florida is pleased to announce that Dan Miller, a commercial real estate veteran with over 30 years of experience in the Southwest Florida market, is joining the company as Director of Industrial and Land Services.

  • Charlotte County Buys $770K Warehouse for Fleet Maintenance

    PORT CHARLOTTE, Fla. (July 30, 2012) – Originally forced to relocate after Hurricane Charley destroyed its warehouse in 2004, Charlotte County’s fleet maintenance department is now moving from its temporary rented facility on Williamsburg Drive to a permanent facility on Paulson Drive in Port Charlotte. Charlotte County purchased the 18,000-square-foot space for $770,000 from Dolphin Properties.

  • Industrial and office space sells in Venice for $1.6M

    Venice, Fla. (July 17, 2012) – Selling as an investment opportunity, four buildings totaling 56,000 square feet of flex space in Venice – with office space in the front and warehouse space in the back – recently sold to an out-of-state buyer for $1.575 million.

  • Three Atlanta-Area Apartment Properties Sell for $6.75M

    ATLANTA, Ga. (June 26, 2012) – Selling a group of multifamily properties as an investment opportunity, a team of three Colliers International brokers helped sell three multifamily assets in the Atlanta, Ga. area for $6.75 million. The value-add portfolio consisted of 521 units. The brokerage team representing the seller, The Harbor Companies, included John Stone, CCIM, Principal & Managing Director of Multi-Family Housing for Colliers International Tampa Bay; Ron Cameron, Senior Vice President of Colliers International Atlanta; and Robert Selton, President and CEO of Colliers International Northeast Florida.

  • EmCare, Fast-Growing Provider of Physician Services for Hospitals, Doubles Office Space in Clearwater

    CLEARWATER, Fla. (June 4, 2012) –EmCare, a fast-growing provider of hospital-based physician services, is doubling its Clearwater office space. Currently at 128 employees in its Clearwater office, EmCare is expanding its 18,000± square-foot space to 37,796 square feet.

  • Colliers International Central Florida Hires Bret Felberg as Director of Office Investment Sales

    ORLANDO, Fla. (June 13, 2012) – Bret Felberg, an award-winning commercial real estate industry leader, has joined Colliers International Central Florida as Director - Office Investment Sales, the company announced today.

  • Colliers International’s Retail Deal of the Year awarded to BayWalk Brokers

    TAMPA and ORLANDO, Fla. (June 4, 2012) – Recognized for handling the highly publicized sale of downtown St. Petersburg’s Baywalk, Mike Milano, CCIM, and Cynthia Shelton, CCIM, won “Retail Deal of the Year” at Colliers International’s Retail Awards at the International Council of Shopping Centers conference in Las Vegas on May 20.

  • Cynthia Shelton Wins Top Honors at Regional Commercial Real Estate Association’s Hallmark Awards

    Central Florida Commercial Association of Realtors (CFCAR) awards Shelton its top honor, the Wilbur Strickland Lifetime Achievement Award

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