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News & Notes

This week saw a gym, a restaurant, an investment firm and a Las Vegas buyer

A look at some of the week’s commercial real estate happenings across the region.

BayView, a 55 and over community being built in Parrish by the builder Del Webb.
BayView, a 55 and over community being built in Parrish by the builder Del Webb.
Courtesy photo
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Naples/Fort Myers

Coffee and a sandwich: The owners of the 5th Avenue Coffee Company & 6th Diner in Naples have bought the eateries’ building. According to property records, a company registered to Frederik and Karen Overdijking paid $6 million for a property at 589 5th Ave. S. The restaurant’s address is 599 5th Ave. S, though, and that’s an address which doesn’t appear on the property appraiser’s website. Frederik Overdijking says in an email that despite the differing street numbers it is the same building.

Retail resell: Market Square, a 65,688-square-foot shopping center in Fort Myers, has sold to an Atlantic City, New Jersey company, Schiff Enterprises. The property at 13741 S. Tamiami Trail brought $13.2 million. A sales brochure for the center says it is 100% leased with four national tenants: arts and crafts retailer Michaels, World Market, Petco and Dollar Tree. The center has an attached Barnes & Noble store and there is a Super Target adjacent to the building.

Tampa/St. Petersburg

Investors invest: PEI Capital Partners is opening an office in Tampa. The New York investment firm is taking 2,251 square feet on the seventh floor of the Thousand & One office tower in the city’s Water Street district. PEI’s specialty is in the power, energy and infrastructure sectors. The company expects to move in in March. Thousand & One opened in 2021. Water Street’s developers also announced recently that the health food chain Crisp & Green’s would soon open a 2,500-square foot restaurant in the development.

Even more apartments sell: A 260-unit apartment complex in Pinellas County was bought by The Connor Group. The Ohio real estate investment firm paid $76.7 million for The Boulevard at 2098 Seminole Blvd in Largo. The six-year-old complex’s unit mix includes 30% one-bedrooms, 53% two-bedrooms and 17% three-bedrooms. The average unit is 1,106 square feet. Connor, which has $3.7 billion in assets nationwide, owns two other properties in the Tampa Bay market, in Tampa and Clearwater.

Bourgeois workout: An international chain of boutique gyms has opened its fourth Florida location in Tampa. The gym, Barry’s, is at 1514 W. Swann Ave. in the trendy Hyde Park Village shopping district. The chain offers high intensity training with “interval-based cardio” on treadmills and strength training with some “heart-pumping music and first-in-class instructors” in the mix. The lobby of the 4,500-square foot shop will include a retail shop. Los Angeles-based Barry’s is the “OG boutique fitness phenomenon” according to a statement, has 84 locations in 14 countries. The other Florida locations are in Aventura, Miami and Miami Beach.


Parrish the thought: You wouldn’t think of buying a pair of shoes without trying them on, right? Well, now there’s a builder that’s going to let you do the same with a home. Del Webb, which is part of the PulteGroup, is allowing prospective buyers to spend up to two nights in a furnished unit at its BayView 55 and over community in Parrish starting in February. The idea is to allow people to get a feeling for the community (950 single-family homes and low-maintenance villas) by giving them access to its trails and amenities. A two-night stay will cost about $300 and includes a meal at the on-site restaurant, Sailfish Bar & Grill.

Didn’t stay in Vegas: A Las Vegas buyer has picked up a warehouse and office complex in the Sarasota International Trade Center. Ziroli Corp. bought the property at 1451 Sarasota Center Blvd. for $2 million. According to county records, the 14,824-square foot building was built in 2006 and was previously owned by Landmark Sarasota Center — which paid $1.425 million in 2020. Ziroli has the same Las Vegas address as Diamond Creek Holdings. Diamond Creek is a multi-state real estate company that buys and develops properties across several sectors. It was founded by the Ziroli family.

If you have news, notes or tips you want to pass along, contact [email protected] Or you can text or call 727-371-6944.



Louis Llovio

Louis Llovio is the commercial real estate editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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