- December 4, 2025
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Investor acquires downtown office building
A 1,368-square-foot downtown office building has sold in Fort Myers. The building is at 2431 First Street across from the Fort Myers Regional Library. The buyer, a local investor using an LLC, paid $500,000 for it. The previous owner, Gecko Holdings, paid $265,000 for it in 2015. Cushman & Wakefield, which brokered the deal, says the property was originally put up for lease but drew attention from buyers because of its location. The one-story building was first built in 1949 and renovated in 2017, according to Lee County property records and a profile on LoopNet. It has four private offices, a conference room, a private bathroom, a reception area, storage and a kitchenette, according to the profile. Michael Curran with Cushman & Wakefield’s Commercial Property Southwest Florida brokered the sale.
California investor sells vacant lot
A less than 1-acre parcel primed for redevelopment has sold. The corner lot is at 2675 Del Prado Blvd. S. in Cape Coral between S.E. 27th Street and S.E. 28th Street. The buyer, according to Lee property records, is local financial management firm Alegian Growth Partners. It paid $550,000. The previous owner is an LLC whose address matches the Irvine, California real estate private equity firm IRA Capital. It paid $424,483 for the property in 2022. The 0.84-acre parcel has 155 feet of frontage on Del Prado and is zoned commercial development. Gary Tasman, also of Cushman & Wakefield’s Commercial Property Southwest Florida, represented the seller.
Dentists buys building for practice
A Tampa dental practice has bought a 3,000-square-foot standalone building. Westchase Smiles picked up the property at 13061 Linebaugh Ave. in the city’s Westchase master planned community for $1.1 million. Hold-Thyssen, the commercial real estate firm that brokered the sale, says the dental practice plans to move its offices into the new space but Westchase Smiles has already updated its address on its website. The one-story building is in the Westchase Commons office park and was previously owned by a Naples investor who paid $542,000 for it in 2020. Hold-Thyssen, which has offices in Clearwater and Winter Park, says the principal behind the LLC that previously owned it approached Theresa Margaris about selling it. Margaris had represented the owner in the original transaction. The building sits on an 0.07-acres and was built in 2007. It was previously occupied by an OB/Gyn practice.
Townhouse community sold for $18 million
Berkadia has arranged an acquisition loan for a Miami real estate investment firm buying a build-to-rent community in Seffner. The loan to Bayshore Investment Partners is for $11.83 million and is for the purchase of Laurel Lakes, a 68-townhouse development. Berkadia says BIP bought the community, built last year, from D.R Horton, paying $265,000 per unit — $18.02 million. The five-year loan is through Fannie Mae and comes with a full-term interest-only amortization schedule at a fixed rate of 5.1%. Laurel Lakes is at 9281 Cape Verde Drive in the northern Hillsborough County suburb. Its units are all three bedrooms with two and a half bathrooms and come with an attached garage. According to the community’s website, there are two floor plans with a 1,463-square-foot model starting at $2,410 per month and a 1,464-square model starting at $2,290. Berkadia's Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins and Kyle Ryan secured the financing.
Claims company adds tech-equipped space
NextEra Claims Solutions is growing. The Clearwater insurance claims company has opened a 4,000-square-foot operations center in Pinellas County, not far from its corporate headquarters. The center is at 26133 U.S. Highway 19 N., just off Enterprise Road and north of Sunset Point Road. The company says the new facility “complements” the executive office less than a mile north. The new space is equipped with advanced cyber and IT infrastructure, redundancy systems and a secure cloud-based network. It has a state-of-the-art conference room, a training facility and can bring more than 50 employees under one roof. NextEra, in a statement, says there is a growing demand for technology-driven claims services as insurers and carriers face increasing complexity after catastrophic events. The expansion, according to the statement, "reflects its commitment to staying ahead of industry needs by creating a facility that fosters both innovation and efficiency.” The company launched last year and specializes in catastrophe-prone markets throughout the U.S. The building is owned by a local LLC. Terms of the lease were not disclosed.
Construction starts on final stage of apartment project
Cedarwood Development has begun construction on the final phase of its Bradenton rental community project, just west of Interstate 75 outside Lakewood Ranch, The new addition will be a 240-unit apartment community named Blue Heron Preserve. It joins Blue Heron Creek and Blue Heron Lakes to form an interconnected complex known as Blue Heron Living Community. The developer says when complete the community will have 696 units across 116.64 acres off of State Road 64. More than half that acreage has been preserved as wetlands, ponds and greenspace. Along with the additional units, Blue Heron Preserve will add a food truck court, a multi-sport gaming area and a private events pavilion to the existing amenities. The newest units are expected to be completed by spring 2027. Ohio based Cedarwood was founded in 1972 and has completed more than 25 million square feet of projects in 43 states according to its website.
Cannabis retailer’s building sold for $4 million
A Manatee County building occupied by national cannabis dispensary Curaleaf has been sold. The property is at 3704 84th Ave. Circle E., about a block west of University Walk, a Publix Super Markets-anchored retail center on University Parkway and Tuttle Avenue. The building sold for $4.02 million. The buyer, according to Manatee County property records, is a Long Island, New York, LLC. SRS Real Estate Partners, which announced the deal, says the buyer picked up the building as part of a 1031 Exchange. Truport Realty, a Parkland LLC, is the seller. It paid $2.9 million in 2023, according to the property records. The 4,225-square-foot retail building sits on 1.55 acres and was built in 2005. SRS says Curaleaf has eight years remaining on its lease. The Manatee dispensary is one of 68 the company operates in Florida. Of those, 23 are along the Gulf Coast with the majority, 14, in the Tampa Bay market. It has 154 stores nationally. SRS’s William Wamble and Patrick Nutt represented Truport Realty in the sale.
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