Lee & Associates Negotiates Trio of Significant Sales

Brokers with commercial real estate firm Lee & Associates|Naples-Ft. Myers, closed several multi-million dollar sales during the fourth quarter.

One of the best-known transactions involved the property formerly occupied by the News-Press in downtown Fort Myers. The City of Fort Myers purchased the 11.44-acre property at 2440 – 2442 Martin Luther King Jr. Blvd. for $8.9 million from 2442 Dr. Martin Luther King Blvd., LLC. The 169,240sf property consists of three buildings, which the city plans to renovate and use.

Lee & Associates’ Bob Johnston, SIOR, Jerry Messonnier, SIOR, Derek Bornhorst, SIOR, CCIM, Richard Clarke, and Rodney Fidler, CCIM, represented the seller and CBRE represented the buyer.

Also in Fort Myers:
• James F. Knott Development Corporation purchased 122.7 5+/- acres on I-75 and Terminal Access Road from Sara M. Rodriguez for $5.7 million. The property features 4,925 feet fronting I-75 and 1,343 feet fronting Terminal Access Road. Bob Johnston, SIOR, Jerry Messonnier, SIOR and Derek Bornhorst, SIOR, CCIM, negotiated both sides of the transaction.
• Terminal Access Park, LLC purchased 68± acres on Treeline Avenue and Terminal Access Road at 15220 Treeline Avenue South from Frank J. Aloia Sr. Trust + Patricia J. Rockwell Trust Et Al for $8 million. The property, with 2,270 feet fronting Treeline and 1,333 feet fronting Terminal Access Road, was purchased for development. Bob Johnston, SIOR, Jerry Messonnier, SIOR and Derek Bornhorst, SIOR, CCIM, represented the buyer and the seller.

For more information, please visit www.lee-associates.com.