Tampa, Palmetto properties sell for $11.5 million

Naples

Private club buys land, starts construction

Paraíso Beach Club in Naples has completed the purchase of 200 feet of beachfront property on Vanderbilt Beach and has received full approval for its site development permit. The club declined to disclose the purchase price. Plans call for the beachfront private club to be built on about 1.35 acres on Gulf Shore Drive. It will feature three restaurants, saltwater pools with private cabanas and a wellness retreat. PCL Construction will build the club and a groundbreaking will happen in coming months. It is expected to open in mid-2027.

Fort Myers

Illinois firm buys industrial building

An industrial property off of Interstate 75 near Enterprise Parkway in Fort Myers has sold. The 22,557-square-foot building at 5719 Corporation Circle was bought by a trio of LLCs all with ties to an address in North Barrington, Illinois, a village about 40 miles northwest of Chicago. (Two of the LLCs show it in state records as a mailing address and one of them shows it as a principal address.) The North Barrington address belongs to L.B. Andersen & Co., a leasing and property management firm specializing in industrial, office and retail space. The LLCs paid $4.4 million, according to LSI Cos., which helped broker the sale. The previous owner was Rogan Amalgamation in Naples. It paid $872,500 for the building in 2001 according to Lee County property records. LSI’s Justin Thibaut represented the buyer and the firm’s Adam Bornhorst and Derek Bornhorst represented the seller.

Tampa/Manatee

Three local properties bought in portfolio sales

Alterra IOS, the Philadelphia-based national industrial outdoor storage company, has bought five Florida properties, three in the region. The purchases total 23 usable acres and 96,500 square feet of accompanying warehouse space. The company says the properties are fully leased to tenants across several sectors, including logistics, infrastructure and utilities. The two other properties are in Orlando. Locally, the properties Alterra bought are:

• 13350 Dr. Martin Luther King Jr. Blvd. in Dover, just outside Tampa. The property is made up of 5.5 usable acres with 10,500 square feet of warehouse space across multiple buildings. Alterra paid $3.57 million for it, according to Hillsborough County property records. It is currently leased to a trucking and trailer sales group. Hector Delgado of Panther Capital Group helped brokered the sale.
• 3927 U.S. Highway 19 in Palmetto. The property is made up of 5 usable acres with 27,500 square feet of warehouse space across multiple buildings. Alterra paid $4 million for it, according to Manatee County property records. Robbie Lober and Devin Beeler of Lober Real Estate helped broker the sale.
• 2902 Sligh Ave. in Tampa. The property is made up of 2.9 usable acres with 24,500 square feet of warehouse space. Alterra paid $3.9 million for it, according to Hillsborough property records. It is currently leased to a metal fabrication facility. Lober Real Estate’s Beeler brought the transaction to Alterra.

Venice

Goodwill Manasota leases 55K square feet

A Bradenton-based nonprofit is expanding in south Sarasota County. Goodwill Manasota has leased 54,189 square feet in Venice for a distribution and logistics hub. Property owner Buligo Capital recently announced the 10-year lease with Goodwill Manasota, which the real estate investment firm says has brought 201 Triple Diamond Blvd. to 100% occupancy. Previously, the warehouse in Venice was owned by drinkware manufacturer Tervis, until Buligo Capital purchased it for $15.35 million in 2023, according to Sarasota County property records. Goodwill Manasota plans to use the Venice space to serve as a regional distribution and logistics hub that supports its retail operations, while diverting about 85% of donations from landfills, according to the Economic Development Corp. of Sarasota County. In addition, the location will include a Goodwill Bargain Barn, where the public can buy goods at deeply discounted prices that have not sold in Goodwill stores. Colliers’ Michelle Senner and Lori Hellstrom represented Buligo Capital in the transaction. Goodwill Industries-Manasota was represented by Jack Siragusa and Sara Williams of CBRE in West Palm Beach.

Sarasota

Photo by Elizabeth King

Restaurant loses lease, looks for new space

A restaurant that has been open for nearly nine years in downtown Sarasota is closing at the end of April. Element lost its lease at 1413 Main St., the business announced on social media, and plans to open in a new, yet-to-be-determined location. The last day in business for Element — which serves steak, seafood and pasta — was scheduled for April 26. Element will offer a “unique, 10-course tasting menu” on its final day according to its website. In the meantime, the restaurant is actively scouting for new locations. “The goal is to find a new home and be open by season of 2026,” Element owner Michelle Schlingmann says in the video announcing the closure. The restaurant occupies a 6,513-square-foot space on Main Street. It is looking for a comparable spot for its new location, or something 2,000 square feet smaller that is also downtown around Main Street. Element, which employs 22, opened in November 2017.

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