John A. Kite Of Kite Realty Group Acquires Retail Asset In Naples For $65M

The Pointe at Founders Square is a retail asset located at 8845 Founders Square Drive in Naples, Florida. This unanchored shopping center spans 86,592 square feet and was sold for $65,000,000, achieving a price per square foot of $751. The property is part of a mixed-use development named Founders Square, enhancing its strategic position within the market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $65,000,000
• Sale Date: 06/18/2026
• Buyer: John A. Kite - Kite Realty Group
• Market: Naples, FL
• Square Footage: 86,592
• Price Per Square Foot: $751

Kite Realty Group's acquisition of The Pointe at Founders Square was part of a broader retail portfolio deal totaling $136 million, demonstrating the company's commitment to expanding its retail operations in Florida.