News & Notes

Pulte buys 197 acres in Riverview, plans for 492 homes

In the week's top commercial real estate news, a Dollar General sells, a New Jersey car dealer expands, and 500,000 square feet of industrial space is completed.


  • By Louis Llovio
  • | 5:00 a.m. September 17, 2023
  • | 0 Free Articles Remaining!
Raymond Building Supply has leased 75,352 square feet at Premier Airport Park in Fort Myers.
Raymond Building Supply has leased 75,352 square feet at Premier Airport Park in Fort Myers.
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Naples/Fort Myers

Another day, another dollar: A Dollar General store in Immokalee has been sold. The store at 275 E. Main St. was sold for $2.72 million as part of a 1031 Exchange, says Patrick Moorton of Income Realty Advisors in Naples. Moorton represented the buyer, Salt River Estates. The 10,542-square-foot store is on the main stretch of road running through the South Florida city near the Everglades. It is not far from the Seminole Immokalee Casino at 506 1st. St. The previous owner, according to Collier County property records, was a Thomasville, Georgia LLC with a P.O. Box. Records show it paid $495,000 for the property in 2021.

Supply chain: Raymond Building Supply has leased 75,352 square feet at Premier Airport Park in Fort Myers. This will be the company’s seventh location and it will include 5,000 square feet of office and showroom space and a 70,352-square-foot warehouse. The space is at 1621 Airport Park Drive, inside the 225-acre industrial park which, when complete, will have 15 buildings totaling 1.87 million square feet of space. To date, 861,000 square feet have been completed, with 810,000 square feet leased. Raymond’s products include lumber, trusses, garage doors, windows and commercial doors and cabinets. Its other locations are mostly along the Gulf Coast between Naples and North Port, according to its website. It also operates in Miami, Lakeland and Auburndale. Raymond is expected to move in before the end of the year. 

 

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