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News & Notes

Pulte buys 197 acres in Riverview, plans for 492 homes

In the week's top commercial real estate news, a Dollar General sells, a New Jersey car dealer expands, and 500,000 square feet of industrial space is completed.

  • By Louis Llovio
  • | 5:00 a.m. September 17, 2023
  • | 2 Free Articles Remaining!
Raymond Building Supply has leased 75,352 square feet at Premier Airport Park in Fort Myers.
Raymond Building Supply has leased 75,352 square feet at Premier Airport Park in Fort Myers.
Courtesy photo
  • Florida
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Naples/Fort Myers

Another day, another dollar: A Dollar General store in Immokalee has been sold. The store at 275 E. Main St. was sold for $2.72 million as part of a 1031 Exchange, says Patrick Moorton of Income Realty Advisors in Naples. Moorton represented the buyer, Salt River Estates. The 10,542-square-foot store is on the main stretch of road running through the South Florida city near the Everglades. It is not far from the Seminole Immokalee Casino at 506 1st. St. The previous owner, according to Collier County property records, was a Thomasville, Georgia LLC with a P.O. Box. Records show it paid $495,000 for the property in 2021.

Supply chain: Raymond Building Supply has leased 75,352 square feet at Premier Airport Park in Fort Myers. This will be the company’s seventh location and it will include 5,000 square feet of office and showroom space and a 70,352-square-foot warehouse. The space is at 1621 Airport Park Drive, inside the 225-acre industrial park which, when complete, will have 15 buildings totaling 1.87 million square feet of space. To date, 861,000 square feet have been completed, with 810,000 square feet leased. Raymond’s products include lumber, trusses, garage doors, windows and commercial doors and cabinets. Its other locations are mostly along the Gulf Coast between Naples and North Port, according to its website. It also operates in Miami, Lakeland and Auburndale. Raymond is expected to move in before the end of the year. 

Clive Daniel Home The company will move into one of two just-completed identical warehouses totaling 500,000 square feet at 16679 Oriole Road.
Courtesy photo

Done deal: Furnishing and interior design company Clive Daniel Home is taking 175,000 square feet of space in Fort Myers. The company will move into one of two just-completed identical warehouses totaling 500,000 square feet at 16679 Oriole Road, according to Geis Development. Geis says Clive Daniel will be in Building One, which will have 21 dock doors and 39 trailer spaces. In a statement it says the space will be a logistics hub for Clive Daniel’s four showrooms and its headquarters for merchandising, accounting, advertising and executive team. About 85 employees are expected to work out of the building, Geis says. The warehouses will be known as Legacy 500K and will have 32-foot clear-height ceilings and can fit tenants ranging in size from 37,000 square feet up to a single tenant taking the entire space.

Tampa/St. Petersburg

New Jersey used car dealer Auto Lenders is opening its first dealership in the Florida Oct. 2 in Palm Harbor at 31200 U.S. Highway 19 N.
Courtesy photo

Let's make a deal: New Jersey used car dealer Auto Lenders is expanding into Tampa Bay. The company is opening its first dealership in the state Oct. 2 in Palm Harbor, at 31200 U.S. Highway 19 N. The spot was previously occupied by Courtesy Palm Harbor Honda before it moved. The Palm Harbor store will be Auto Lenders' 10th and is expected to have 300 to 500 vehicles in inventory when it opens. The nine other stores are in New Jersey and Pennsylvania. The chain got its start in 1990 and, according to its website, offers no-haggling pricing, easy credit and test drives sans salespeople. The Palm Harbor property is owned by Capital Automotive from McLean, Virginia, a suburb of Washington D.C. The company, which provides sales-leaseback capital to dealers, paid $10 million for the property in 2007 according to Pinellas County property records.

Mall makeover: Who says malls are dead? Gulf View Square in Pasco County in the past year has added 13 new tenants, eight in the food court and five new retailers. Gulf View is a traditional enclosed mall in Port Richey that opened in 1980, at 1.05 million square feet. One of its current tenants, Harold Seltzer’s Steakhouse, has recently put its business and lease at the mall up for sale. The new tenants are:

  • 808 Island Treats.
  • Second City Eats
  • Fair Bites
  • Jersey Gurlz Subs n More
  • Jeff’s Cuisine
  • Gemini Moon Rising
  • Vanity Loft Salon
  • Photo Fresh Fades & Beauty
  • Angel Sweet Bakery
  • Latin Japan
  • Chocolates by Michelle
  • Mythos
  • Hudson Art & Decor

Building bonanza: Pulte Homes has bought 197 acres off of Simmons Loop in Riverview, south of Tampa, and plans to build 492 homes on the site. The property is about one mile from the Interstate 75 and Big Bend Road interchange and U.S. 301. The community will be called Spencer Glen and will include a clubhouse, resort-style swimming pool and pickleball court along with a playground and walking trails, according to a statement. The homebuilder did not disclose a sales price and property records had not been updated as of Sept. 14. In addition to Spencer Glen, Pulte is planning to two other smaller developments in Riverview. Hawks Grove, which is on 8.5 acres on Boyette Road, will have 26 homes, and Riversedge, which is on 11 acres on Carr Road, about a quarter of a mile north of Boyette Road, will have 29 homes.


A little relief: The Sarasota City Commission has unanimously approved a new affordable housing ordinance aimed at incentivizing the development of affordable and attainable housing within the city’s four downtown zoning districts. According to the Sarasota Observer, sister paper of the Business Observer, under the new rules qualifying projects must dedicate at least 15% of bonus density units for attainable housing, spread equally among what is considered a monthly cost feasible — including utilities — for those earning 80% or below area median income (AMI), 81%-100% AMI and 101%-120% AMI. The median household income for Sarasota County in 2021 was $69,490.

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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