Dear Friends and Clients,
Attached please find our Q1 2020 newsletter. What a difference a pandemic makes. We started out the year on a high, thinking the market would continue to flourish and break records for the longest growth trend in history. Today, we know a completely difference world due to COVID-19. While we are currently challenged in ways we don’t yet understand, we study the market to find the new “normal”. We do know that our area will continue to grow, and growth will be solid for years to come. We see recovery in the 2nd quarter and as such the second half of the year is expected to show solid growth. We will continue to monitor the market and update you as data points shift.
As always, thank you for your trust and confidence in our capabilities. Please feel free to call or email me any time with questions about commercial real estate in our region.
CEO & Principal Broker
Navigating the Southwest Florida commercial real estate market and economic indicators affecting its performance can be a challenging task. Cushman & Wakefield | Commercial Property Southwest Florida offers quarterly MarketBeat reports to help you stay ahead of the real estate curve.
MarketBeat reports offer trends, insights and forecasts on all segments of the commercial real estate market in the region. They provide answers to questions such as the current state of the market, and where the real estate market is going. Q1 2019 reports are now available.
While we have had a severe impact locally and in the State of Florida and even the United States, we are behind the global markets as far as impact on the economy. We will be watching other economies to assess impact and reopening impacts on the market. We will be leveraging our Global Platform with Cushman and Wakefield to bring you the newest information on other economies “good and bad” for reopening plans.
Here are some tips for working at home.
As the new “normal” is defined in social distancing, 6 foot office seperation and the extension of work from home offices, rebalancing work and life will become challenging. Your kitchen table is now your office or classroom. Regular schedules are difficult to maintain as home and work morph into one.
Technology Trends Amidst Covid-19 Disruption
As many of us have been forced into work at home situations, we have learned personally and as a company how productive we can be. It was a bit challenging getting 20+ employees set up to work from home but with the help of a great out sourced IT professional we succeeded. We faced challenges many others faced as schools went virtual, the strain on our internet related infrastructure were taxed.
See the trends that emerged as our company joined the quickly growing work force that relied on technology to continue to work and not miss a beat for our customers.
Cushman & Wakfield | Commercial Property Southwest Florida has very generously donated to the Southwest Florida Community Foundation to create a grant to feed kids in Southwest Florida. Never has this need been so strong. To give or if you need help, reach out to to the Southwest Florida Community Foundation by CLICKING THIS LINK.
Gary and Karen Tasman along with several team members participated in the 1st ever Virtual Gala for Junior Achievement of Southwest Florida. The Virtual Gala was a huge hit despite the challenges of social distancing.
Thank you Gary & Karen Tasman, Heather & Alex Adams and Gretchen Smith for your generous contributions to JA.
Cushman & Wakfield | Commercial Property Southwest Florida participated in the 12th Annual Southwest Florida Wine & Food Festival to support pediatric health services at Golisano Children’s Hospital, Gulf Coast University and Florida Southwestern State College. The Grand Tasting and Live Auction were help on February 22, 2020.
To Support the great work for the kids, CLICK HERE.
Golden Paws Assistance Dogs, Inc., a Florida non-profit corporation: 3645 Gateway Lane, Naples for $6,350,000 on March 2, 2020 from TMCFM, Inc., a Florida Corporation. (Gary Tasman and Shawn Stoneburner)
Seagate Development Corp: Three Oaks Parkway, Fort Myers for $5,349,317 on January 8, 2020 from Alan Freeman (Gary Tasman and Shawn Stoneburner)
IronCrest Capital: 3400 Lee Blvd, Leigh Acres for $5,412,500 on January 31, 2020 from Sunshine Professional Suites, LLC. Gary Tasman and Shawn Stoneburner
GiGa Ventures, LLC: 12501 World Plaza Ln., Fort Myers for $645,000 on May 8, 2020 from FineMark National Bank & Trust (Gary Tasman and Shawn Stoneburner)
Odyssey Child Care Center, Inc.: 4246 Evans Ave. Fort Myers for $499,000 on January 30, 2020 from Sakhi Sumangalam, Inc. (John Albion)
Neogenomics Laboratories, Inc. leased 150,000 square feet of office/lab space for a term of 20 years at 3 Oaks Pkwy – Access undetermined Fort Myers from Seagate Alico I, LLC.; $XXX; NEW (Gary Tasman and Shawn Stoneburner)
Winslow Marine Products Corp. leased 30,750 square feet of industrial/flex space for a term of 5 years at 11700 SW Winslow Dr. Punta Gorda from Ringo Ranch LLC; $6.00; Renewal (Gary Tasman and Shawn Stoneburner)
Global HR Research, LLC leased 22,553 square feet of office space for a term of 51 months at 9530 Marketplace Rd., Suite 300, Fort Myers from Brookwood SFL II, LLC; $14.00; Renewal (Gary Tasman and Shawn Stoneburner)
Gannett MHC Media, Inc. leased 18,750 square feet of warehouse space for a lease term of 36 months at 6291 Thomas Rd., Fort Myers from Suncoast Aluminum Furniture. $6.75; New (Gary Tasman and Shawn Stoneburner)
Total Renal Care, Inc leased 7,404 square feet of medical office space for a lease term of 60 months at 3040 Del Prado Blvd S, Fort Myers from 10 West 90th Street, LLC.; $24.40; Renewal (Gary Tasman)
Stifel, Nicolaus & Company, Inc. leased 5,499 square feet of office space for a term of 64 months at 12800 University Dr., Suite 300 Fort Myers from VCCello University, LLC; $15.25; New (Gary Tasman and Shawn Stoneburner)
NEW PROPERTY MANAGEMENT
Plaza 41 – 12575 Cleveland Ave, S., Fort Myers; JN Investments, LLC; Single Story retail center, no anchor. 14,560 SF total.
Naples Chamber Center Association Building: 18,426 square feet (2 stories) of office space located 2390 Tamiami Trail North Naples
The Collective: 57,500 square feet of office space & parking garage located at 10th Street South, Naples.
Island Storage Suites Owners Association: 51,400 square feet of storage bay space located at 10950 Old South Way, Fort Myers.
Shops at Surfside Shopping Center (Surfside Shops): 29,940 square feet of retail space with 2 single store buildings located 2378-2384 Surfside Blvd. Cape Coral.
New Listing Assignments
San Carlos & Kelly Road, Fort Myers, FL 33908– $3,850,000 – 6.09 Acres of infill land at signalized intersection with MPD zoning in place – Lane Boy
17025 Cam Court, Fort Myers, FL 33967 – $2,000,000 – 3.38 Acres at signalized Alico Road intersection with 320 foot of frontage – Lane Boy
10500 Metro Pkwy., FTM FL 33966 – Sale – $2,000,000 -Land Zoned MU/AG – 31 Acres – Gary Tasman & Shawn Stoneburner
16660 Huffmaster Trail, Punta Gorda, Fl 33917 – $1.,595,000 – 158.50 Acres in Opportunity Zone – Lane Boy