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Business Observer Thursday, Nov. 21, 2019 2 weeks ago

Texas firm sells area business park for $9 million

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Bryan Flores of SVN|KOVA Naples facilitated  the sale of the Alico Business Center in 45 days.

NAPLES —An investor from Stuart recently bought a Fort Myers business park from an affiliate of a Texas real estate firm for $9 million.

The 48,000-square-foot complex, the Alico Business Center, is a mix of office and retail. Tenants at the center, at 9961 Interstate Commerce Drive, include KB Hair Studio, Platinum Fitness, PeopleReady, Scotlynn, Spigot Inc., AdKnowledge, Avis Car Rental and Sphinx CrossFit, according to a statement from Naples-based KOVA Cos. and its brokerage division, SVN|KOVA. Bryan Flores of SVN|KOVA Naples was the listing agent, the release adds, working with the seller, PIP IV Alico LLC. Flores facilitated  the sale, to Friendly Village LLC, an entity run by Chris Miele from Stuart, Florida Division of Corporations records show, in 45 days.

PIP IV Alico LLC, according to Florida Division of Corporations records, is connected to the Rainer Cos., a Dallas real estate firm. The Rainer Cos. has closed over $2 billion in commercial real estate transactions, its website states.

SVN|KOVA and KOVA Property Management took over management and leasing of the Alico Business Center in 2016, bringing the property from 43% occupancy to 90% occupancy by summer 2018, the release states.

“This transaction exemplifies the value SVN|KOVA can bring to property owners through our leasing efforts, coupled with property management, accounting systems and insurance,” SVN|KOVA Managing Director and partner Todd Sabin says in the release. “We are extremely proud of Bryan’s execution in the marketing and sale of this property as well as his collaborative efforts throughout all facets of this transaction.”

KOVA Companies is a privately owned, full-service and real estate firm engaged in commercial real estate brokerage, valuations and consulting, property management, facilities management, insurance, investment, development, financing, golf management and hospitality.

 

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