News & Notes

Sarasota church sells property to charter school developer for $3.5M

In the week's top commercial real estate news a New York scent company's building is completed in Lakeland, a restaurant chain is expanding into Naples and developers, commissioners agree in Sarasota.


  • By Louis Llovio
  • | 5:00 a.m. April 13, 2025
  • | 0 Free Articles Remaining!
Faith Baptist Church in Sarasota has sold 11 acres of its land at 8751 Fruitville Road.
Faith Baptist Church in Sarasota has sold 11 acres of its land at 8751 Fruitville Road.
Image via LoopNet.com
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Naples, Fort Myers and Charlotte

Two Meatballs in the Kitchen, a popular eatery in Fort Myers and Cape Coral, is opening a new restaurant in Naples. The location is at 9010 Bellaire Bay Drive, which was previously occupied by The Warehouse Cuisine & Cocktails. According to LQ Commercial Real Estate Services, which brokered the deal, Two Meatballs’ move is part of a multilayered transaction that includes a sale of the property, a new lease and the transfer of the previous restaurant’s furniture, fixtures and equipment. The property was bought by Naples-based SmithCorp Realty, which signed a lease with Two Meatballs. LQ then sold the furniture, fixtures and equipment to Two Meatballs “ensuring a smooth handover from the previous owner/operator.” LQ did not disclose the terms of the deal, but Collier County records show SmithCorp paid $2.9 million for the building. The space is 5,400 square feet and sits on 0.94-acres just off Immokalee Road and Collier Boulevard. LQ says in a statement that Two Meatballs will open in the next six months. The restaurant’s two current locations are on Salrose Lane in Fort Myers and Cape Coral Parkway in Cape Coral. The transaction was brokered by LQ’s Frank Kupiec and Adam Palmer.


 

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