Please ensure Javascript is enabled for purposes of website accessibility

Naples investor Carlisle buys Wilson Plaza

  • By
  • | 8:58 p.m. January 14, 2010
  • Charlotte–Lee–Collier
  • Share

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.



Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.