AEW Capital Management Acquires Property From S.J. Collins Enterprises For $49M In Fort Myers

The property involved in the transaction is Daniels Marketplace, a shopping center located at 6891 Daniels Parkway, Fort Myers, FL. The sale price of the asset was $49,000,000.00, and it encompasses a total square footage of 106,739. At the time of the sale, the property was fully leased to various tenants, including Whole Foods Market, a salon, dentist, Pilates gym, dry cleaner, pet hospital, and multiple fast-casual restaurants such as Mellow Mushroom and Panera Bread. The site also presents future development opportunities.

Summary of transaction details:

• Property Type: Shopping Center
• Transaction Amount: $49,000,000.00
• Address: 6891 Daniels Pkwy, Fort Myers, FL
• Market: Fort Myers
• Seller: S.J. Collins Enterprises
• Buyer: AEW Capital Management
• Seller's Representatives: Lane Breedlove(Cushman & Wakefield), Mark Gilbert(Cushman & Wakefield), Adam Feinstein(Cushman & Wakefield), Fain Hicks(Cushman & Wakefield)
• Broker: Brian Linnihan(Cushman & Wakefield)

The transaction was facilitated by a team from Cushman & Wakefield, comprising Fain Hicks, Mark Gilbert, Lane Breedlove, Adam Feinstein, and Mitchell Halpern, who represented the seller, S.J. Collins Enterprises. Additionally, the acquisition financing for the buyer, AEW Capital Management, was arranged by Mike Ryan, Brian Linnihan, and Richard Henry of Cushman & Wakefield.