City pushes to attract businesses, developers to major commercial thoroughfare

Naples/Fort Myers

Office building sale: A 36,149-square-foot office building in Naples has sold. A company named Buffalo Grove Venture bought the property at 1185 Immokalee Road for $10 million. The three-story building was built in 2002. According to Collier County property records, the previous owner, Naples 9 LLC, paid $11.5 million for the building in 2008. LSI Cos. represented the seller.

Move on up: Marcus & Millichap has named Jim Shiebler senior vice president of investments. Shiebler, based in Fort Myers, specializes in single-tenant, net-lease restaurants throughout the Southeast and multi-tenant retail properties on Florida’s west coast. He has been with Marcus & Millichap since 2016. Between 2019 and 2021 he was a part of 144 retail transactions totaling more than $300 million in sales. And in 2022, he was responsible for over $90 million in transactions and 41 closings.