Benderson buys St. Armands Circle boutique property for $1.7M

Naples/Fort Myers/Charlotte 

In the loop: An 18-acre plot in Punta Gorda has sold and is primed for retail development. The land is off of Jones Loop Road and the last part of a 189-acre project that was previously known as Jones Loop Village but is now dubbed Punta Gorda Station. The buyer was Atlanta developer SREG Commercial Real Estate Development. It paid $6.1 million. LQ Commercial, which announced the deal and is in charge of the leasing, says in a statement that the project “has been piloted and positioned for sale by Terracap Management out of Naples” for the past 10 years. The parcel itself is across from a Walmart Supercenter, an Aldi grocery store and about two miles from the Punta Gorda Airport. LQ says there has already been interest from national brands looking to move into the area. SREG specializes in ground up or the redevelopment of retail properties in the Southeast U.S. Among its Florida projects are Port Charlotte Station in Port Charlotte and Heritage Station in Brandon. Michael Price, a managing director and principal at LQ Commercial Fort Myers, brokered the sale. 

Image courtesy of SRS Capital Markets