Publix spends $63 million on two local shopping centers

Naples/Fort Myers

Not staying put: LSI Cos., a well known Fort Myers commercial real estate firm, is opening an office in Naples. The office is at 851 5th Ave. N., Suite 303, where three broker associates and a full administrative staff will work out of. According to the firm, the expansion is meant “to better serve (its) longstanding Collier County client base as the area grows and expands with new development, improved property resales and redevelopment projects.” Thus far this year, LSI has brokered more than $207 million in sales in Southwest Florida, firm officials say. And its brokered $870 million in sales in the past five years. A spokesperson for LSI says that just in Collier the firm has 3,000 acres of property in the pipeline valued at more than $80 million.

Office pick up: A Bonita Springs office building has sold. The 26,000-square foot building at 9696 Bonita Beach Road was bought by a Sanibel company called 9696 Bonita LP. It paid $4.6 million for the property, buying it from the Naples based Porter Group. The sale was announced by Premier Commercial, a Bonita Springs firm. According to the listing, the two-story building was built in 2002 and sits on 1.9 acres. It is about a mile east of U.S Highway 41.