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Florida & Gulf Coast  + South Florida  + Retail  | 

JLL Brokers $14M Sale of Retail Property in Estero

JLL has arranged the $14.4 million sale of a single-tenant retail property occupied by Sprouts Farmers Market in Estero, FL. Michael Brewster, Brad Peterson and Tommy Isola of JLL represented the seller, GBT Realty, in the transaction. A private investor acquired the property.

Sprouts Farmers Market is located at 19990 S. Tamiami Trail in the Fort Myers metro area. Sprouts, which was founded in 2002 and operates 356 stores across the U.S., opened the Estero location in 2020.

“We are seeing family offices and offshore capital move to the forefront of bidding to acquire ‘best-of-the-best’ net lease assets with pandemic-resistant attributes,” said Brewster. “That was evident on this trade of a rare single-tenant grocer in Florida.”


Inside The Story

JLL’s Brewster

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.