Cushman & Wakefield has successfully facilitated the sale of Market Square, a thriving community center situated in Fort Myers. The seller was an affiliate of Nuveen, while the buyer was an affiliate of Centro Corporation – a reputable Florida-based shopping center owner and operator. This impressive property spans 118,583 square feet and boasted full occupancy at the time of its acquisition.
Market Square boasts notable tenants such as DSW, Total Wine and More, and American Signature Furniture. Additionally, it is anchored by a high-performing Super Target store along with other popular retailers like Barnes & Noble, Michaels,Cost Plus World Market,Petco,and Dollar Tree.
The seller was represented by Mark Gilbert,A dam Feinstein,and Mitchell Halpern from Cushman & Wakefield who expertly navigated this transaction.
According to Director Mitchell Halpern,”The prime location at Fort Myers’ dominant retail intersection coupled with major centers on each corner attracted strong investor interest for this offering.The solid anchor tenant line-up with significant tenure at the property only added to its appeal.”
