Loading
FORT MYERS — Pine Island Marketplace, a 71,444-square-foot shopping center in Cape Coral, sold for $7 million last week. Land Holding LLC sold the property to Schottenstein Property Group Inc., and LandQwest Commercial brokered the deal.
Located at 501-541 S.W. Pine Island Road, Pine Island Marketplace contains a variety of retail stores, including Office Max, Dress Barn and Famous Footwear. The center is anchored by a Walmart and a Kohl's, but neither of those businesses is part of the sale. At the time of sale, the center was 86% leased.
Schottenstien Property Group Inc. is based in Columbus, Ohio. The company owns an interest in more than 156 properties in 27 states.
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.
