Premier Commercial, Inc. 3rd Quarter Transactions

Oct. 11, 2012 - PRLog -- Naples-based Premier Commercial Inc. announced the following transactions for the third quarter of 2012.

FTC Naples, LLC sold an eight-story, 161,000 SF Class A office building located at 999 Vanderbilt Beach Road, Naples to an undisclosed buyer for $49,923,000.  The buyer was represented by Andrew DeSalvo, MBA, Dougall McCorkle & Matt Stepan, CCIM of Premier Commercial., Inc.  The seller was represented by Craig Timmins and Clint Sherwood of Investment Properties Corporation (IPC).

Branch Banking & Trust Company sold 22,500 square feet of office condo space at 1491 Venice Ave., Venice to Twin Tower Trading Realty, LLC for $1,100,000. Andrew DeSalvo, MBA and Matt Stepan, CCIM of Premier Commercial, Inc. represented the Seller and Mike Migon of Sperry Van Ness Commercial Group represented the Buyer.

Compass Management Group leased 11,300 square feet of office space at the Regions Bank Building at 4851 Tamiami Trail N., Naples. Dougall McCorkle of Premier Commercial, Inc. represented the Tenant and Ray DeAngelis represented the Landlord.

Coconut Office Center, LLC purchased an 11,000 square foot office building at 23421 Walden Center Drive, Bonita Springs from Treasure Cove Development Corp. for $800,000. Andrew DeSalvo, MBA and Matt Stepan, CCIM of Premier Commercial, Inc. represented the Buyer.

Real estate Technology Company, a la mode inc., leased 7,300 SF of office space in the 2210 Building on Vanderbilt Beach Road. Dougall McCorkle of Premier Commercial, Inc. represented the Tenant, with the Landlord being represented by Clint Sherwood of IPC.

Branch Banking & Trust Company sold an 11,460 square foot office building at 670 Goodlette Rd, Naples to 4385 GGE, LLC for $510,000. Andrew DeSalvo, MBA and Matt Stepan, CCIM of Premier Commercial, Inc. represented the Seller and Gary Hains of Gulf Breeze Realty represented the Buyer.

US Bank leased 7,200 square feet of office space in the Mercato, at the corner of Vanderbilt Beach Road and US41. Dougall McCorkle of Premier Commercial, Inc. represented the Landlord, with the Tenant being represented by Debra Johnson-Shuey of Coldwell Banker.

Capital Bank sold 5 acres of vacant land on Six Mile Cypress Park, Lee County to D.R. Horton for $275,000. Andrew DeSalvo, MBA and Matt Stepan, CCIM of Premier Commercial, Inc. represented the Seller and Dan O’Berski of Trinity Commercial represented the Buyer.

Teli LLC leased 3,500 SF of restaurant space at 10711 Tamiami Trail N., Naples. Dougall McCorkle of Premier Commercial, Inc. negotiated the transaction.

Tarantino Family Trust sold 8.9 acres at 3850 Seminole Ave., Fort Myers to the City of Fort Myers for $125,000. Andrew DeSalvo, MBA and Matt Stepan, CCIM of Premier Commercial, Inc. negotiated the sale.

Capital Bank sold a 1.77 acre parcel at 1777 Four Mile Cove Parkway, Cape Coral to Nick Stamos for $120,000. Andrew DeSalvo, MBA and Matt Stepan, CCIM of Premier Commercial, Inc. negotiated the sale.

XLR8, a local fitness group, leased 1,000 square feet of retail space in the Park Shore Centre at 3619 Tamiami Trail N., Unit 11, Naples. Dougall McCorkle of Premier Commercial, Inc. represented the Tenant and Andrew Saluan of AJS Realty Group Inc. represented the Landlord.

The Porter Group leased 1,150 square feet of office space at 9696 Bonita Beach Road, Suite 206, Bonita Springs to Southern Home Care. Andrew DeSalvo, MBA and Matt Stepan, CCIM of Premier Commercial, Inc. represented the Landlord and Dave Wallace, CCIM of CRE Associates represented the Tenant.

About Premier Commercial, Inc.
Premier Commercial, a division of The Lutgert Companies, was established in the mid-80s to provide oversight for the firm's commercial shopping centers as well as service the area's growth in the Commercial Real Estate industry.  Those centers include Crossroads Market, Neapolitan Way, the mixed use Mercato, the Village on Venetian Bay, and The Promenade Shops at Bonita Bay.  The Lutgert Companies also leases office space in the Quarles and Brady off Panther Lane and in the Northern Trust Building off US 41.