Pinellas retail property sells to investor for nearly $7 million

Lee County

New shopping center looks for tenants

Construction work on a new Cape Coral shopping center has been completed and the leasing has begun. The Shops at Del Mar is at the corner of S.W. 10th Place and S.W. Pine Island Road. The 29,150- square-foot center is made up four freestanding buildings with three facing Pine Island Road. The fourth, larger, building is at the rear of the property. According to leasing materials from Colliers, the available spaces range from 1,500 square feet to 7,500 square feet. Lease rates for the rear building start at $32 per square foot. For the three smaller ones at the front, lease rates start at $44 per square foot. A flyer for the property shows several tenants have already signed on, including Papa John's, Tropical Smoothie Cafe, Capriotti's Sandwich Shop, VN Nails & Spa, Sunset Chicken, Millennium Physician Group and IVX Health. GMA Architects & Planners says the center’s design “reflects contemporary architectural character, with large storefronts and extended covered walkways that enhance pedestrian access.” Collier’s Dannielle Robinson and Fabienne Porter are listed as the agents for the property.