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City Mattress purchases land for new store in Cape Coral Commons
By: Colliers International
Dannielle Robinson of Colliers represented the seller, Pine Island Cape Coral FL, LLC, and Mike Concilla of LandQwest Commercial Real Estate represented the buyer.
"Cape Coral Commons is located on the Pine Island Road corridor, which sits in the heart of Cape Coral," said Dannielle Robinson, Director of Colliers. The location, paired with the rapid growth of Cape Coral and excellent co-tenancy in the development, make this the perfect location for City Mattress' new location."
Cape Coral Commons is a new 13-acre retail development under construction on the northwest corner of Pine Island Road and Del Prado Boulevard in Cape Coral. The developer, Thompson Thrift Retail Group, began construction in April 2020 and expects to complete construction in the third quarter of this year.
Currently, only two lots remain in the development. Current tenants include Tire Kingdom, First Watch, Mission BBQ, Firehouse Subs, Pj's Coffee, Encore Nail Bar and Love Boat Ice Cream.
Construction on City Mattress is expected to be complete in the third quarter of this year.
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com (https://corporate.colliers.com/