SRS’ Investment Properties Group (IPG) exclusively marketed and brokered the sale of Publix at Eagle Landing, a strategically situated, attractively designed retail center featuring a long-term Publix lease, located in North Fort Myers, Fla. The neighborhood center, built in 2012, consists of 57,840 square feet and is situated on 11.78 acres of land. The roughly 88% occupied center is located at 6694 – 6704 Bayshore Road, prominently positioned along Bayshore Road, between Interstate 75 and downtown Fort Myers, with exposure to 35,000 vehicles per day in front of the property. This high-quality asset is marked by institutional-grade construction and property management, as well as featuring three points of access from two distinct roads, excellent visibility, signage, and curb appeal. The seller, VAL Eagle Landing, LLC, sold the property on January 15, 2020 for $8.325 million to a private investor from Alabama.
“Our extensive database of retail investors and strategic, diligent marketing continues to enable us to identify a strong group of buyers for Florida grocery-anchored assets, many of which are under the radar or in 1031 Exchanges,” said Steve Miskew. “We generated solid activity and curated multiple competitive offers on Eagle Landing.”
Steve Miskew, managing principal of the Investment Properties Group in the SRS Fort Lauderdale office, led the effort along with Kyle Stonis, managing principal, and Pierce Mayson, managing principal, of the Investment Properties Group in the SRS Atlanta office, on behalf of the seller in the transaction. The buyer did not have representation in this transaction.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 26 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services and investment services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.