Naples investor Carlisle buys Wilson Plaza
BUYER: Carlisle/Wilson Plaza LLC (principal: Greg Carlisle), Naples
SELLER: Gulfstream Retail Investments LLC
PROPERTY: 50 Wilson Blvd., Naples
PRICE: $6.5 million
PREVIOUS PRICE: $1.77 million, June 2006
LAW FIRM ON DEED: John P. White PA, Naples
PLANS, DESCRIPTION: Naples Greg Carlisle purchased the 36,000-square-foot Wilson Plaza shopping center on Wilson Boulevard in Golden Gate Estates for $6.5 million.
The purchase price equated to $181 per square foot of building space.
The two-building center was 65% occupied at the time of the sale. Tenants include Farmer Jacks Market, the Collier County Tax Collector, Fayard Hardware, Almost Wild and Sunshine Pharmacy.
“I thought there was a lot of untapped potential in that area,” Carlisle says. “There is nothing within three miles servicing that area.”
Carlisle's company, Carlisle Capital Ventures, plans to work with many of the existing tenants to expand their footprint in the center.
“The tenants in the plaza are for the most part very good operators that need some additional space,” Carlisle says.
Carlisle is also exploring attracting an auto parts supplier or a family-oriented sports bar/restaurant.
Larry Foster and Bill Young of CB Richard Ellis, Fort Myers/Naples handled the transaction.