Naples, FL destination retail center sells for $97 million

  

Granada Shoppes, Naples, FL
anchored by Trader Joe’s,
Marshalls, Haverty’s Furniture,
Hobby Lobby and P.F. Chang’s

MIAMI, FL – JLL Capital Markets

Danny Finkle

 has closed the $97 million sale of Granada Shoppes, a 307,000-square-foot, one-of-a-kind shopping center destination anchored by Trader Joe’s, Marshalls, Haverty’s Furniture, Hobby Lobby and P.F. Chang’s in the coastal Florida community of Naples, Florida.

 

JLL marketed the property on behalf of the seller, Courtelis Company and Barron Collier Companies. Brixmor Property Group acquired the asset.  

Granada Shoppes is 98 percent leased to a diverse lineup of popular national and local tenants, including Trader Joe’s, Marshalls, Hobby Lobby, Haverty’s, Dollar Tree, PF Chang’s, Tuesday Morning, Xfinity, First Watch Restaurant, Jersey Mike’s Sports Clips, Visionworks, Men’s Wearhouse and Petland of Naples.

 

Eric Williams

Situated on more than 39 acres at the southeast corner of Tamiami Trail N. (U.S. 41) and Immokalee Road, Granada Shoppes is in a high-traffic location with visibility to more than 91,900 vehicles per day.

 

The retail destination is 3.5 miles west of the I-75 Interchange, making it easily accessible to the affluent Naples and Bonita Springs residents.

The center serves a trade area that includes 44,821 residents earning an average annual household income of $126,240 living within a three-mile radius.

 

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Director and Co-Head of U.S. Retail Capital Markets Danny Finkle and Senior Director Eric Williams.

  

Contact:

 Kimberly Steele

JLL Manager

 Public Relations

Phone: +1 713 852 3420

 Kimberly.Steele@am.jll.com