Sarasota's The Breakfast Company to open Venice restaurant

Tampa

REIT acquires rehab facilities in Texas, Arizona 

Sila Realty Trust, a Tampa health care REIT, has bought a pair of inpatient rehabilitation facilities. The hospitals are in Plano, Texas, and Peoria, Arizona. It paid $70.3 million for the two. The company in a statement and in a U.S. Securities & Exchange Commission filing did not disclose the size of the two centers nor the individual sale prices but says combined “they are over 100,000 aggregate square feet of newly built and highly utilized” inpatient rehabilitation space. The Plano facility has 48 beds and the Peoria facility 40. They were both built in 2023 and leased to Reunion Rehabilitation Hospitals in partnership with Nobis Rehabilitation Partners. Michael Seton, Sila’s president and CEO, says in the statement that the facilities have long-term leases of over 20 years. Sila is a “pure play” net lease health care REIT with 136 real estate properties and three undeveloped parcels in 67 markets across the U.S. According to its second quarter earnings report released in August, it has $2.01 billion in total assets.

Polk County

Bartow property listed as investment opportunity

A 47-year-old office building in Bartow has been listed for sale. The building, which is 8,600 square feet and includes multiple units, is near the Polk County’s town’s business district. According to the listing from Saunders Commercial, the building at 475 S. 1st Ave. is a short drive from U.S. Highway 98 and State Road 60, which connect Bartow to Lakeland and Winter Haven. The building was built in 1978 and sits on .69 acres. According to the listing, it is zoned C-2 “offering maximum flexibility for a range of businesses.” The asking price: $1.1 million. Saunders's Lauren Ralston Smith and Carly Powell are listing the property.

Fort Myers

Amazon-adjacent land sold for possible industrial development

Image courtesy of LSI Cos.

A 21.38-acre parcel of land adjacent to where Amazon is building a massive fulfilment center in Fort Myers has sold. The property on Lighthard Knott Lane sold for $7 million to a Pennsylvania LLC. The sellers are Deborah Jo Wyatt-Stotter, Monte Chris Flint, Judy Flint and Milton Dallas Flint. The property is in front of where Amazon has begun construction of a 3 million-square-foot center on 189 acres on State Road 82 near Interstate 75. Justin Thibaut, president and CEO of LSI Cos., says in an email that he expects to see a new industrial development on the just-purchased land with the “timing TBD.” Thibaut represented the buyer in the latest transaction. He also brokered the $66.5 million sale of 143 acres of the 189 acres near The Forum master planned community to Amazon last year. Max Molloy, Alex Henderson and Sawyer Gregory with LSI, along with Randy Henderson of Corbin Henderson Co., represent the sellers.

Grocer reopens store after redevelopment

Publix has opened a new Fort Myers store replacing one that had been demolished as part of a redevelopment last year. The new 48,387-square-foot store is in the Daniels Crossing shopping center at the intersection of Daniels Parkway and Six Mile Cypress in the city. Lakeland-based Publix demolished its previous store in the center in August 2024, about two months after closing it. That store had operated in Daniels Crossing since 1990. The Publix-anchored shopping center is owned by a partnership between St. Petersburg-based The Sembler Co. and Tampa-based Forge Capital Partners. The pair bought the center through the Forge Real Estate Partners IV investment fund in 2021. It paid $15.5 million for the 112,003-square-foot center. According to a leasing brochure on Forge’s website, the tenant roster at the shopping center includes Quest Diagnostics, School of Rock, Duck Donuts, Island Nails & Spa, First Impressions Ultrasound and Subway. 

Sarasota

Firm launches $75 million fund to buy hospitality, multifamily and industrial properties 

ERES Capital is launching a $75 million equity fund with $250 million in total capitalization. The Sarasota-based firm says the fund — ERES Real Estate Fund LP — will be focused on buying and developing hospitality, multifamily and industrial properties in western and southeast markets. The states it has identified are Montana, Idaho, Colorado, Arizona, Georgia and the Carolinas. And its plans call to split up the asset classes with 40% hospitality, 25% multifamily, 25% industrial and 10% special purpose. The “diversification approach is designed to mitigate risk, generate consistent distributions, and capture upside from markets where ERES has a long history of operating successfully,” the firm says in a statement. ERES is the is the investment and development division of the Sarasota real estate firm ERES Companies. Among the division’s previous projects are the Even Hotel Bozeman Yellowstone International Airport and the Yellowstone Landing Apartments in Belgrade, Montana. And, according to the statement, it has new developments and acquisitions underway, including the Hampton Inn & Suites Belgrade in Montana and the Tempo by Hilton Fort Myers.

Venice

Local breakfast-centric restaurant chain to open new location

The Breakfast Company is opening in Venice early next year. The popular Sarasota eatery’s new spot will be at 2996 Executive Dr. just off of Interstate 75 and Jacaranda Boulevard. It will be next to a medical office building under construction and the TownePlace Suites by Marriott. The plan is for it to open in the spring. The 4,000-square-foot restaurant will include outdoor seating and a drive thru. This will be the restaurant company’s fifth location and will be co-owned by founder Dimitri Syros and Shannon Holder, a family friend and a The Breakfast Company manager. The locally owned restaurant chain was founded by the family behind El Greco Cafe, a Greek restaurant formerly on Main Street in downtown Sarasota. It currently operates locations in Manatee and Sarasota County, with a Rosemary District restaurant scheduled to open in April. The Breakfast Company is leasing the Venice space, according Wendy Crites with the Sarasota commercial real estate firm Loyd Robbins & Co. The lease details weren’t disclosed. Crites and Loyd Robbins brokered — and announced — the deal.

If you have news, notes or tips you want to pass along, contact [email protected]. Or you can text or call 727-371-6944.