Last month we looked at dozen factors for first time buyers of retail centers to consider. Here are twelve more factors to keep in mind when you are starting your due diligence. Some are obvious and some perhaps you hadn’t thought about. The list isn’t in any particular order of importance. This is not a…
OK, so you’re ready to buy your first retail center, or maybe you are already a seasoned owner who just wants a quick refresher course. Either way here are twelve factors to consider when you are starting your due diligence. Some are obvious and some perhaps you hadn’t thought about. The list isn’t in any…
In the past thirty something years I have had both the pleasure and horror of having met, interviewed, negotiated, and worked with countless retailers. For the most part their ranks are filled with ambitious and optimistic sorts that somehow can not only eek out a living, but can prosper and grow into admirable operations. Through…
The Village on Venetian Bay is excited to welcome Tommy Bahama to its growing list of regional and national retailers. The addition of the Tommy Bahama store is an example of the growing attention the Village is garnering from high quality retailers. The upscale waterfront specialty center posts some of the strongest retail…
What is old is new again. Dougall McCorkle and Premier Commercial has been engaged to exclusively represent The Village on Venetian Bay. The Village is 125,000 square foot high-end specialty center located directly on the waterfront along Gulfshore Boulevard in North Naples. The exclusive center includes six restaurants and more than 40 other unique shops.…
2013 and 2014 have been “red-hot” years for the sale of “single tenant” properties. Single tenant asset (aka “NNN” or “triple net”) investments where the income property is leased back by a single tenant. Unfortunately, much too often some of the basic investment fundamentals are overlooked by yield hungry investors. Five of the most…
Dougall McCorkle represents buyer for Uptown Center An undisclosed private investor purchased the 75,000 square foot Uptown Center in North Naples for $11.2 million. The neighborhood shopping center is located next to Sam’s Club at the Southwest corner of Immokalee Road and Airport Road. The center has been a popular destination for the neighboring communities…
Big Deals in Naples Notable 2012 Commercial Sales and Leasing Transactions The year 2012 saw several important commercial real estate transactions in Collier County (Naples), including the sale of the largest office building in the market, to several other important office and retail properties. See the list below of the top sales transactions in Collier…
Southwest Florida Commercial Real Estate Forecast – 2013 Steady As She Goes Two or three years ago there was serious doubt as to whether the real estate scene in Florida would ever recover from the Great Recession. For many players in the retail and investment sectors, Florida was the “F” word that should be avoided…
Naples Offices for Lease – Mercato nears full occcupancy The Mercato, a 500,000 square foot mixed use project recently signed two new office leases bringing the office component of the project to more than 90% occupancy. Dougall McCorkle of Premier Commercial Inc. of Naples, Florida represented the landlord in two new office leases including a 7,035…