Southwest Florida’s economic recovery from the Coronavirus pandemic is continuing at full speed, and Cushman & Wakefield | Commercial Property Southwest Florida (CPSWFL) is setting the pace with a record quarter. From March through June of 2021, the commercial property professionals at CPSWFL brokered $113,936,500 in aggregate sales. The agency also completed lease agreements totaling more than $7,393,000 in value during the quarter.
“These record numbers are a testament to the strength and stability of the Southwest Florida commercial market and our team’s client-focused commitment,” said Gary Tasman, CEO and principal broker at CPSWFL. “Many of our second quarter sales were to professional private equity firms, who typically are ahead of the curve and make very smart investments. I think that gives our market more credibility.”
The agency’s record quarter benefited from a number of landmark sales, including the eight-building Gulfcoast Industrial Campus on Lee Rd. in South Fort Myers, which sold for $39,750,000. The Bayfront Inn on 5th Avenue in Naples sold for $17,000,000, and CPSWFL brokered the sale of the Frantz Surgery Center on New Brittany Blvd. in Fort Myers for $5,700,000, as well as 426 acres of property on Carter Ln. in Alva for $4,397,200. The brokerage also sold a 28-building industrial complex in Baytown, Texas for $39,750,000.
Brokers instrumental in CPSWFL’s key transactions included Tasman, director John Albion, executive director Lane Boy, director Gretchen Smith, and senior director Shawn Stoneburner. However, Tasman says the credit goes far beyond those individuals.
“Every member of our brokerage team gets the credit,” said Tasman. “The research and marketing teams help position our properties, our property management professionals oversee lease administration, and our administrative team provides exceptional client support. Everyone on the Cushman & Wakefield | Commercial Property Southwest Florida crew contributed to this outstanding quarter.”