Publix-anchored retail center in Fort Myers sells for $15.5M
JLL Capital Markets completed the sale of Daniels Crossing in a growing Southwest Florida market
MIAMI, March 16, 2021 – JLL Capital Markets announced today that it has closed the $15.5 million sale of Daniels Crossing, a 112,003-square-foot neighborhood shopping center anchored by Publix in Fort Myers, Florida.
JLL marketed the property on behalf of the seller, EverWest Real Estate Investors, LLC and Stiles Corporation. Forge Capital Partners acquired the asset.
Daniels Crossing is 70.5 percent occupied and home to a high-performing Publix along with a diverse mix of essential, restaurant and service tenants. The property is situated on 15.93 acres at 6900 Daniels Pkwy. at the prime corner where Daniels Parkway intersects with Six Mile Cypress Parkway, which is visible to more 90,000 vehicles per day. This infill location within a proven retail submarket places the property proximate to nearby demand drivers, including office buildings, sports complexes and a large medical center; a daytime population of more than 100,000; and an affluent, growing customer base.
The JLL Retail Capital Markets team that represented the seller was led by Senior Managing Director and Co-Head of JLL’s U.S. Retail Capital Markets Danny Finkle, Managing Director Luis Castillo and Senior Director Eric Williams.
“Daniels Crossing is a well-positioned Publix-anchored retail center with outstanding near- and long-term growth prospects,” Finkle said. “Grocery-anchored retail centers remain in high demand from investors, given their strong performance through the pandemic and positive outlook as we move forward.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About EverWest Real Estate Investors, LLC
EverWest Real Estate Investors, LLC is an institutional real estate investment management firm based in Denver, Colorado, and is wholly owned subsidiary of GWL Realty Advisors, a leading global real estate investment advisor based in Toronto (Ontario), Canada. Founded in 2013, the company evolved from its predecessor, Alliance Commercial Partners, which had a more than two-decade operating history. EverWest carries that long-standing expertise into its operations today, serving the market as a full-service operator and investor with a vertically integrated operating platform with capabilities in development, management and investment. This includes managing an open end fund, separate accounts and closed end funds.
About Stiles Corporation
Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant project management, brokerage, property management, architecture, asset management, acquisitions and financing. Established in 1951, Stiles is recognized for developing and constructing more than 48 million square feet of award-winning office, industrial, retail and mixed-use properties as well as luxury residential communities throughout the Southeast.
About Forge Capital Partners
Forge Capital Partners is a diversified, commercial real estate investment and investment management company. The company carries out its business strategy by sponsoring real estate-oriented private equity funds and through an affiliated group of companies, which include: Forge Capital Management, Forge Property Management, Forge Development Group and Forge Real Estate Services. Since 2001, Forge and its principals have successfully sponsored four real estate-oriented, closed-end private equity funds and executed over $1 billion in commercial and multi-family residential real estate transactions.