Plaza Advisors Announces Sale of The Shoppes at Pelican Landing in Bonita Springs, FL

Jim Michalak

BONATA SPRINGS, FL -- Plaza Advisors is pleased to announce the $12.6 million sale of the Shoppes at Pelican Landing located in Bonita Springs (Lee County) Florida.

This Publix anchored center contains a total of 86,262 square feet of gross leasable area and includes numerous quality tenants including: Anytime Fitness, Publix Liquors, The UPS Store, Toast, and Internal Medicine Associates of Lee County, MD.

The Shoppes at Pelican Landing is situated on a 15.45 acre tract and was constructed in 1997. The plaza contains two separately owned outparcels featuring Bank of America and a Mobil gas station. The asset was 92.3% leased at the time of sale.

Jim Michalak, Mike Cvetetic and Steve Sanders represented the seller in the transaction. The seller and buyer were Pelican Landing LLC and PSM INC, respectively. 

 “From a capital markets perspective, super-market product, particularly Publix anchored, continues to be the most sought after multi-tenant retail investment asset class” states Jim Michalak.

Mike Cvetetic

“Pelican Landing typifies the desired necessity retail product of choice: high sales, expansion component and in some tenant instances below market rental rates”.

Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties throughout the State of Florida.

Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks.

The Plaza Advisors Team has over 60 years of real estate experience and has closed more than 450 shopping center transactions exceeding $5.5 billion in value.

For a complete copy of the company’s news release, please contact:

Jim Michalak

Managing Partner

Plaza Advisors

3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 101

Fax 831.2627

jim.michalak@plazadvisors.com

www.plazadvisors.com