This week saw supermarket's property sold, outlet mall turned office complex sell for $31M

Naples/Fort Myers

Supermarket selloff: An LLC based in Pennsylvania has paid $26 million for a Cape Coral property at 1401 S.W. Pine Island Road which just happens to be the site of Farmer Joe’s Fresh Market. County property records identify the buyer as the cleverly named Real Estate Holdings & Development Co. A Google search doesn’t bring up much about the new buyer. The previous owner was GNS Holdings, which in June 2020 paid $1.8 million. Whoever the new owner is, Farmer Joe’s opened a year ago and shows little sign it's going anywhere.