Storino Family Acquires College Plaza Shopping Center In Fort Myers For $14.6M

The property involved in this transaction is a retail asset located at 7070 College Parkway in Fort Myers, encompassing 5.25 acres. The sale price for the fully-leased property was $14,600,000, with a total square footage of 56,386 and a price per square foot of $259.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,600,000
• Address: 7070 College Parkway
• Market: Fort Myers
• Acres: 5.25
• Square Footage: 56,386
• Price Per Square Foot: $259
• Buyer: Storino Family
• Broker: Jim Shiebler - CBRE

CBRE Capital Markets facilitated the transaction, which involved extensive marketing that resulted in an exclusive agreement within one day of activation. The Storino family is noted for their ownership of Jenkinson’s Boardwalk located in New Jersey.