Developer gets $26 million in financing for Tampa cold storage project

Naples/Fort Myers

Wheeling & dealing: The Fort Myers commercial real estate firm CRE Consultants, or possibly one of its executives, may be the buyer behind an 8.52-acre industrial site in the city. The property, at the corner of Old Metro Parkway and Hunter Street, sold for $1.59 million. The purchase was made by an LLC named 2865 Rockfill. According to Florida’s Division of Corporations database, the principal address for the LLC is the same address as CRE Consultants’ and the manager of 2865 is another LLC, 2600 Block. It too lists CRE’s address as its own. The second LLC lists Stan Stouder, CRE Consultants’ founding partner, as its manager. The firm did not respond to an email asking if the property was bought by Stouder or the company and what the plans for it were. An email announcing the sale said Stouder negotiated the purchase from the previous owner, Suncoast Contractor’s Supply. According to a description on the industry website CREXI, it is mostly cleared and could be used for self storage or a business with outside storage needs or with large equipment.

Hotel handoff 1: The La Quinta Inn and Suites by Wyndham on Fifth Avenue South in Naples has been sold for $13.6 million. The buyer was S4 Global Investment from Port Charlotte. The hotel is at 1555 Fifth Ave. S., about a mile from Tin City and the entrance to the city’s famed shopping district. S4, already highlighting the La Quinta on its website, owns nine hotel properties in the state, most of them between Venice and Naples. It also owns 11 Subway restaurants in Southwest Florida. According to S4’s website, the company’s portfolio is worth more than $100 million and it manages 10 brands.