A joint venture between Lombardi Properties and Fox Farm Capital has sold Grand Bay Plaza, a 77,810-square-foot, Publix-anchored shopping center in Fort Myers, Fla.
JLL represented the seller. Wilder, a Boston-based real estate development, management and leasing firm specializing in retail and mixed-use developments along the Eastern Seaboard, orchestrated the acquisition on behalf of a private investment client and will assume responsibility for the leasing and management of the center. This transaction is part of its strategic portfolio expansion in Florida.
Grand Bay Plaza is situated on 17.3 acres at 19100 S Tamiami Trail, along U.S. Route 41. The property is 100 percent leased to a high-quality tenant roster led by a high-performing Publix supermarket. The center also features national tenants such as Sherwin Williams, UPS Store and Papa John's.
