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Fort Myers, The Austin of Florida
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CPSWFL Website Feature
Landmark 60.8-Acre Transaction at I-75 and Daniels Parkway Signals Continued Confidence in Southwest Florida’s Growth FORT MYERS, Fla. — Cushman & Wakefield | Commercial Property Southwest Florida (CPSWFL) has announced the sale of a 60.8-acre parcel of land at the intersection of I-75 and Daniels Parkway in Fort Myers, totaling 2,648,448 square feet, for $35 million. CPSWFL served as transaction broker, representing both the seller, Daniels Parkway JV Development, LLC, and the buyer, Bison Property Holdings, LLC (Waypoint Development). Waypoint Development plans to transform the property into a four-phase, 1,242-unit multifamily community with five acres of commercial space, reflecting sustained confidence in the long-term economic outlook for Southwest Florida. “This development underscores investor trust in the future of Southwest Florida,” said Gary Tasman, CEO and Principal Broker of CPSWFL. “Large-scale projects like this not only demonstrate confidence in our market but also fuel the continued economic and population growth we’ve seen throughout the region.” Senior Director Shawn Stoneburner, who led the transaction, emphasized the project’s community and infrastructure impact: “This is one of the most significant multifamily and mixed-use developments in Lee County. With access to I-75, Daniels Parkway, and the Three Oaks extension, this property is perfectly positioned for residents and businesses alike. The project will contribute an estimated $150–$200 million in value to the local tax base.” The sale highlights the strategic value of land within the I-75 corridor, an area that continues to attract regional and national developers. CPSWFL’s involvement demonstrates its unmatched market knowledge and ability to facilitate complex transactions that support the region’s growth. For more information about this transaction or to connect with our brokerage team, call 239-489-3600 or visit www.cpswfl.com. CPSWFL Email Newsletter Blurb Cushman & Wakefield | Commercial Property Southwest Florida is proud to announce the successful closing of a $35 million land sale at the intersection of I-75 and Daniels Parkway in Fort Myers. The 60.8-acre property was acquired by Bison Property Holdings, LLC (Waypoint Development) for the development of a four-phase, 1,242-unit multifamily community with five acres of commercial space. CPSWFL represented both the seller and buyer in this high-profile transaction. “This project reflects continued confidence in the Southwest Florida market and its long-term economic potential,” said Gary Tasman, CEO and Principal Broker of CPSWFL. “It is one of the most significant mixed-use developments in Lee County and will have a major impact on the local tax base and infrastructure,” added Senior Director Shawn Stoneburner. The project is expected to generate an estimated $150 to $200 million in economic value for the region. 📞 For more information, contact our team at 239-489-3600 or visit www.cpswfl.com.
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Institutional Investors Take Notice of Southwest Florida
Over the past several years, Southwest Florida has transformed from an overlooked regional market into one of the most attractive destinations for institutional capital. What was once considered a secondary territory has evolved into a thriving, high-performing region that offers both growth and stability. Population expansion, business migration, and strong fundamentals across industrial, medical office, and mixed-use assets continue to draw major investors seeking long-term value and consistent returns. At Cushman & Wakefield | Commercial Property Southwest Florida, we see this evolution firsthand as national and global investment groups pursue opportunities across Lee, Collier, and Charlotte counties. To understand what is driving this transformation, it helps to look at the types of buyers shaping today’s commercial real estate landscape: Breakdown of Buyer Types in Major CRE Sales Institutional Investors: Account for the majority of high-value transactions, typically $50 million and above. This group includes REITs, pension funds, and private equity-backed platforms. They are primarily focused on industrial, multifamily, and medical office assets where scale and stability support their portfolio goals. Private Investors and Family Offices: Remain active in smaller retail centers, office condos, and value-add opportunities. These buyers typically target assets under $20 million or those located in emerging submarkets such as Cape Coral and Punta Gorda. Local Developers and Syndicates: Often drive land acquisitions and redevelopment projects. They play a key role in repositioning older or underutilized properties for eventual institutional resale. This mix of buyer profiles has created a more dynamic and competitive market environment. Institutional investors bring large-scale capital and long-term stability, while private investors and local developers continue to fuel redevelopment and innovation. Together, these groups have reshaped Southwest Florida into one of the most diverse and resilient investment markets in the state. Institutional investment in Southwest Florida commercial real estate has increased significantly since 2020, with year-over-year growth ranging from 15 to 30 percent depending on asset class and market conditions. While 2020 and early 2021 saw a slowdown due to pandemic-related uncertainty, the years that followed tell a different story. In late 2021 with the post pandemic surge in population, Southwest Florida saw over $1.7B in commercial sales from institutional investors who identified the potential early. Trends YoY continue to show interest in Southwest Florida as even more well-known players enter the field. Names like Walden St, EQT Real Estate and Raith Capital Partners, LLC have taken interest in Southwest Florida and have continued to shape our area to this day. Several major transactions highlight the rising wave of institutional capital and its expanding influence across Southwest Florida’s commercial real estate landscape. In 2021, some of the region’s most notable deals centered on the multifamily sector. TerraCap Management, Pradium Group, and Blackstone Group Inc. acquired three major communities, Versol Apartments (240 units), Crest Preserve Circle (264 units), and Milano Lakes (296 units), with a combined transaction value of $220.8 million. In the post-pandemic rebound of 2022–2023, retail vacancies tightened and institutional investors quickly took notice. Benderson Development completed two significant retail acquisitions, Carillon Place and Cypress Trace, totaling $95 million. These purchases reflected a broader trend of institutional buyers targeting well-located retail centers in high-traffic corridors across the region. By 2024, the industrial sector further underscored Southwest Florida’s investment momentum. The Tri-County I-75 Warehouse, Frito-Lay Distribution Center, and Centerlinks Business Park traded for more than $222 million, involving prominent institutional groups such as Walton Capital and EQT AB. These transactions reinforce the region’s strong appeal to national and global investors seeking strategic, long-term positions in one of Florida’s fastest-growing commercial markets. In 2020, institutional investors accounted for less than 30 percent of total commercial real estate transaction volume. By 2024, institutional share has climbed significantly toward half of major volume in sectors such as industrial and multifamily. While institutional buyers are becoming a dominant force, especially for large and stabilized assets, the Southwest Florida market continues to offer diverse opportunities for private investors, developers, and owner-users. Within this broader trend, several sectors continue to lead the way. Multifamily housing remains a top institutional target due to sustained in-migration and retiree demand. Industrial and logistics assets attract consistent capital as companies expand distribution networks to serve a growing population. Medical office buildings continue to perform exceptionally well with aging demographic trends driving healthcare expansion throughout the region. For local owners and investors, this shift presents both opportunity and responsibility. Institutional capital brings greater liquidity, higher expectations, and elevated standards for asset management, financial transparency, and operational performance. Positioning your property to meet those standards through proactive management, clear financial reporting, and informed market strategy will be key to maximizing value in the years ahead. At Cushman & Wakefield | Commercial Property Southwest Florida, we take pride in helping clients navigate these changes with precision, insight, and strategy. Our team understands the forces shaping this market and leverages global Cushman & Wakefield resources to deliver institutional-level service at a regional scale. As institutional investment continues to reshape Southwest Florida, one thing remains clear: our region is not only a great place to live and work, it is one of the most promising places to invest for the future.
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CPSWFL Names James Kishel as Chief Operating Officer
Cushman & Wakefield | Commercial Property Southwest Florida (CPSWFL) has announced the appointment of Jamie Kishel as Chief Operating Officer, marking a significant addition to the firm’s executive leadership team. In his role as COO, Kishel will oversee the firm’s day-to-day operations across brokerage, property management, development, and facility services, driving strategic alignment and operational efficiency. His leadership will support CPSWFL’s continued growth and commitment to providing clients with industry-leading real estate solutions across the region. Kishel brings more than two decades of experience with Cushman & Wakefield, where he held several senior positions and played a key role in expanding the company’s industrial platform nationally. His expertise in organizational development, process improvement, and client service strategy has been instrumental in shaping performance-driven teams across multiple markets. “Bringing Jamie onto our leadership team reflects both the strength of our organization and our confidence in the region’s continued economic growth,” said Gary Tasman, CEO and Principal Broker at CPSWFL. “His experience, insight, and leadership will further enhance our ability to deliver exceptional results for our clients and partners.” Kishel’s relocation to Southwest Florida underscores his belief in the market’s long-term potential. As COO, he will focus on advancing operational initiatives, mentoring emerging talent, and supporting CPSWFL’s mission to provide best-in-class commercial real estate services throughout the Gulf Coast region. Kishel was recently featured in Gulfshore Business for his transition to Southwest Florida and his expanded leadership role. Read the full article here.
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Prime Downtown Fort Myers Office Building Sells Above Market Value
Prime Downtown Fort Myers Office Building Sells Above Market Value Cushman & Wakefield | Commercial Property Southwest Florida facilitates $500,000 sale at 2431 First Street The office building at 2431 First Street in Downtown Fort Myers has sold for $500,000, above market value, in a transaction facilitated by Cushman & Wakefield | Commercial Property Southwest Florida, LLC and Senior Director Michael F. Curran. The 1,368-square-foot property, originally listed for lease, quickly drew interest thanks to its prime location along First Street, offering excellent visibility, high vehicle traffic, and strong pedestrian activity. That demand resulted in a purchase by 2431 First Street LLC, underscoring the appeal of downtown Fort Myers as a business hub. Designed for general office use, the building sits in the center of Fort Myers’ vibrant downtown corridor, making it an attractive investment and a reflection of the continued momentum in the city’s commercial real estate market. “We are thrilled to have facilitated this transaction, which reflects the robust demand for well-positioned properties in Fort Myers,” said Michael F. Curran, Senior Director at Cushman & Wakefield | Commercial Property Southwest Florida. “This sale exemplifies our ability to maximize value for our clients through tailored strategies and deep market knowledge.” The successful sale highlights Cushman & Wakefield | Commercial Property Southwest Florida’s expertise in delivering results that benefit clients and support the growth of the regional economy. For more information about this transaction, or to learn more about Commercial Property Southwest Florida, please contact Gary Tasman at gtasman@cpswfl.com or visit www.cpswfl.com.
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