Adler Group moves into Naples market

The downturn in the commercial real estate market on the Gulf Coast is attracting more outside investors looking for opportunities.

Miami-based Adler Group is opening an office in Naples to manage buildings it acquired here late last year. It's also scouting for other buildings to buy and manage.

Adler, which owns and manages about 3.1 million square feet of commercial space in Tampa and the Southeast, says 40% of its leasing comes from walk-in traffic.
“Our number one mission is to lease the property we already have under management,” says Matthew Adler, president of Adler Realty Services, the firm's leasing and brokerage division. He says the Naples buildings are about 80% full.