- December 4, 2025
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Giant boat dealer expands with new facility
MarineMax, the Pinellas County boat retailer and marina operator, has opened a new facility in Fort Myers. The yacht sales and service center is at 14030 McGregor Blvd. and sits on 23 acres of waterfront property. It has 276 rack storage spaces, 128 wet slips, a 75-ton lifting capacity and 40-foot-high bays. MarineMax President and CEO Brett McGill says in a statement that the facility is over 30,000 square feet and “significantly enhances our capabilities.” MarineMax, founded in Clearwater and now based in nearby Oldsmar, has at least 120 locations worldwide, including more than 70 dealerships and 65 marina and storage facilities. According to its third quarter earnings report in July, its revenue decreased 13.3% to $657.2 million for the three months ending June 30 when compared to the same period last year. Same-store sales were down 9% for the quarter.
Firm takes over management of several communities
A Miami association and property management company has added several new properties to its portfolio, including three in Southwest Florida. KW Property Management & Consulting says the new assignments, which also include a property in the Orlando area, brings an additional 6,000 units under its purview. Locally, according to a statement, it’s now managing the Grand Palm Master Association in Venice with 1,734 units; the association for the 500-unit gated community Esplanade at Hacienda Lakes in Naples; and the Gulfview Club on Marco Island, a 256-unit condominium community. KWPMC says its clients range from high-rises to homeowner associations to garden-style townhouses. And its services include accounting, maintenance and customer service and hospitality. The company manages more than 100,000 units and employs more than 2,900.
Industrial property sold to Texas investor
Transwestern Investment Group, a Dallas real estate investment firm, has bought Mango I-4 Logistics in Seffner. The company acquired the property at 6337 Mango Road from Boston’s Realty Associates Fund XII Portfolio. (Hillsborough County records list the address as 6337 State Road 579.) Transwestern declined to share a sales price and county public records hadn’t been updated as of Sep. 4. Realty Associates paid $30 million for the property in 2021, records show. The 302,940-square-foot facility, about a mile north of Interstate 4, features 36-foot clear heights, rear-loading, early suppression-fast response sprinklers, LED lighting, 185-foot truck court depth and trailer parking. Transwestern Investment says it has “sourced and executed” more than $8 billion in investments in 26 markets. Its portfolio includes multifamily, office and industrial properties. In a statement announcing the purchase, Transwestern says Tampa’s industrial market leads the state in year-over-year occupancy growth despite its construction pipeline having “diminished considerably.” And it says asking rents have increased 86% over the past five years.
Sale of administrative building closes
Manatee County has closed on the purchase of a Lakewood Ranch office building to be used for administrative offices. The $23.5 million deal for the 101,000-square-foot building closed Sept. 2. The 11.28-acre property is at 9000 Town Center Parkway. The two-story office building off of University Parkway was previously owned by a joint venture between affiliates of MHCommercial Real Estate Fund, a West Palm Beach real estate investment company, and Contrarian Capital Management, a Connecticut investment manager. According to Manatee property records, the joint venture paid $20.25 million for the building in 2021. In May, when Manatee County commissioners unanimously approved the purchase, the East County Observer, sister paper of the Business Observer, reported that a pair of commissioners said the current county building in downtown Bradenton will remain in place because it lies within the “county seat,” which is defined by the Florida Constitution as where the principal offices and permanent records of all county officers are located. Commission meetings will continue to be held in the Honorable Patricia M. Glass Chambers in the same building, but Development Services and other departments will relocate, the paper reported. For now, there is a tenant occupying the building until January and Manatee will begin moving in in phases to accommodate the current occupant. The sale of the property was brokered by Ian Black Real Estate’s Jag Grewal and Cameron Wilson.
City buys former car dealership space
The city of Venice has closed on the former Douglas Jeep dealership property and will relocate its solid waste, recycling and fleet maintenance operations to the site. The property at 1280 U.S. 41 Bypass S. sold for $11.8 million. Douglas Jeep, which has moved to 2372 S. Tamiami Trail, bought the site in 2018 for $2.4 million, according to Sarasota County property records. In addition to the purchase price, the city will make about $1 million in updates to the site to accommodate the new use. These include securing the perimeter, installing new fuel tanks, adding more restrooms and putting in additional walls. The purchase includes 4.7-acres and a 37,000-square-foot building. About $250,000 of the purchase price goes toward the purchase of personal property including office furniture, vehicle lifts and other fleet maintenance equipment. Sarasota commercial real estate firm Ian Black Real Estate brokered this sale, with Jag Grewal and Michelle Fuller representing the city. Terry Purdy of Merritt Real Estate represented Douglas Jeep. The sale closed Sept. 3. Grewal says the city originally planned to build its own 40,000-square-foot facility but the projected cost was $20 million — making buying and upgrading a property a more cost-effective option.
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