Schiff Enterprises Acquires Barnes & Noble Building In Fort Myers For $7.5M

Schiff Enterprises, led by Robert and Abe Schiff, has acquired a 30,000-square-foot Barnes & Noble building in Fort Myers for $7.5 million. The purchase completes Schiff Enterprises' ownership of a shopping center in Lee County. The property is located at 13751 South Tamiami Trail and is strategically positioned in a high-traffic area. The transaction includes a new 10-year lease under a triple-net agreement.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,500,000
• Address: 13751 South Tamiami Trail
• Market: Fort Myers
• Square Footage: 30,000
• Buyer: Schiff Enterprises - Robert & Abe Schiff
• Buyer's Representative: Jim Shiebler - Marcus & Millichap
• Seller's Representative: Christopher Bosworth - CBRE

Jim Shiebler, representing Schiff Enterprises, facilitated the deal with Christopher Bosworth, who represented the seller. The acquisition of the Barnes & Noble building provides Schiff Enterprises with a valuable asset in its shopping center portfolio. The strategic location and favorable lease agreement make it a desirable addition to their holdings.