72,795-SQUARE-FOOT RETAIL PROPERTY SELLS IN FORT MYERS, FLA.

FORT MYERS, FLA. — CR South has purchased the Shops at Verandah in Fort Myers. Located at the intersection of Palm Beach Blvd. and State Route 31, the 72,795-square-foot retail property is occupied by Publix, Beef 'O Brady's, Pinch a Penny, Allstate and H&R Block. Freestanding tenants at the center include Regions Bank, Exxon Mobil and Wachovia/Wells Fargo. Constructed in 2006, the property was 92 percent leased at the time of acquisition. The Shops at Verandah Ltd. sold the property for an undisclosed price. Jim Michalak, Anthony Blanco and Lenard Williams of Plaza Advisors represented the buyer in the transaction.