News & Notes

Construction to start on site of former Carousel Beach Inn

In the week's top commercial real estate news, two flex spaces sell, a Tampa hotel sells for $47 million, and a retailer plans to close two local stores.


  • By Louis Llovio
  • | 5:00 a.m. July 9, 2023
  • | 0 Free Articles Remaining!
The former Carousel Beach Inn on Fort Myers Beach is set to become the site of a luxury condo developments with prices for units starting at more than $4 million.
The former Carousel Beach Inn on Fort Myers Beach is set to become the site of a luxury condo developments with prices for units starting at more than $4 million.
Courtesy photo
  • Commercial Real Estate
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Naples/Fort Myers

Paid for plaza: An Ohio LLC has bought Resurrection Plaza, a small shopping center in Port Charlotte, for $1.35 million. The center, at 2032 El Jobean Road, was built in 2019 and is 5,520 square feet, sitting on just shy of an acre. According to the listing, it comes with five commercial suites, warehouse space and 23 parking spaces. It was fully leased at the time of the sale. The buyer is EMM Properties, an LLC.

Flexing: A flex space in the Naples Trade Center has sold, one of two light manufacturing facilities to change hands recently in the city. The property at 1892 Trade Center Way was bought for $2 million by an LLC with an address in Tequesta, a small town in Palm Beach County. The two-story building has 10,100 square feet of rentable space, according to a profile on LoopNet. The Naples Trade Center is an industrial park which, according to its website, has about 500 businesses. Also sold was an office and industrial building at 6300 Janes Lane. The 5,400-square-foot space includes five bays and has 2,875 square feet of office space, 2,522 square feet of warehouse space and a 216-square-foot mezzanine storage area, according to the sale listing. It was bought by a local LLC, PWP Naples, which paid $1.5 million for the property.

 

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