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Commercial Real Estate
Business Observer Friday, Jun. 8, 2018 5 months ago

Fort Myers sale marks largest office deal in Southwest Florida in 2018

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The Eastlinks Business Park features a well-know tenant roster.
by: Kevin McQuaid Commercial Real Estate Editor

A Netherlands-based investment firm has purchased buildings in the Eastlinks Business Park in Fort Myers for $25 million, the largest office sale of the year in Southwest Florida.

Tamiami Investments 2 LLC acquired the roughly 159,000 square feet of office space from Creekside West Inc. and a pair of other entities connected to the Collier family.

The business park, which was developed in the mid-2000s and is located near the Boston Red Sox Spring Training complex, is occupied by a series of notable tenants, including Gartner, Walgreens, Sony and Red Bull, among others.

“This represents a transaction involving people who are looking for stable income from a good property with the possibility for future rental growth,” says David Stevens, a principal with Investment Properties Corp., a Naples-based commercial real estate brokerage firm, who represented Creekside and the other groups in the transaction.

“It was a good fit in regards to the tenant roster, the price and the size and scope of the property for this European investor,” Stevens adds.

Rainer Filthaut, of Naples-based International Realty Corp., negotiated the May 24 deal on behalf of Tamiami Investments 2.

He says the off-market sale went smoothly in part because of the property’s “tenant mix and location,” and because everyone involved in the transaction was familiar with one another.

“It was a very attractive property presented at a fair price, and what helped was that David and I and the Colliers have all known each other for quite a while,” he says. “I’ve known David, for instance, for about 20 years.”

 

 

 

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