PELICAN BAY DEVELOPMENT TO BUILD ALICO COMMONS RETAIL CENTER

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FORT MYERS, FLA..— Bonita Springs, Fla.-based Pelican Bay Development will develop Alico Commons, a $28 million, 120,000-square-foot retail center in Fort Myers, located at the intersection of Alico Rd. and Highway 41. Tenants include Office Depot, Florida Bank, CVS Pharmacy, Baskin Robbins/Dunkin’ Donuts, Arby’s and a gas station. A major grocery store tenant, yet to be named, will occupy 45,000 square feet. Construction is slated to begin in April and complete in May 2009.

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