The space will be used as a worship center for the Living Word Church.  Jim Garinger, CCIM, SIOR and Andrew Falde, CCIM of Colliers Arnold represented the landlord and Chuck Smith of Grubb and Ellis represented the tenant.

The Jim Garinger team recently negotiated the lease of 25,000 sq ft of warehouse space.  LeeSar will occupy the space that is located in the Metro Corridor at 11600 Adelmo Lane.

The industrial real estate market in Southwest Florida started off the year experiencing large amounts of negative absorption, rising vacancy and falling lease rates.

However, as the year progressed capable tenants began to take advantage of the market opportunities, primarily during the second half of the year. Generous concessions and attractive rental rates were offered by landlords to attract new tenants and retain existing ones.

Landlords in today’s market are beginning to understand what it takes to maintain occupancy; the recent stabilization in the overall vacancy rate is the result of many landlords doing just that.

The leasing market generated the majority of the activity in the Southwest Florida industrial market. Many tenants continued to downsize for cost efficiency reasons which spurred a slight increase in leasing activity and transactions; unfortunately in most cases these relocations also added further vacant space to the current surplus… read more here: http://jimgaringer.com/sw-fl-market-reports/

The Southwest Florida Office Market Report video from the Jim Garinger team at Colliers International in Fort Myers.

Tucker Holdings of SWFL LLC purchased 1.48 acres of land at Ben C. Pratt/Six Mile Cypress Parkway and International Center Boulevard in Fort Myers from Lee Cirque LLC for $900,000.  Jim Garinger, CCIM, SIOR; Andrew Falde, CCIM; and Karen Johnson-Crowther of Colliers Arnold brokered the transaction.

[youtube=http://www.youtube.com/watch?v=-kncDkrXOTg&rel=0]

Click here to view our printable version with a lot more information including leasing statistics, comparable sales and actual finished leases.

Get the insight and knowledge you need to accelerate success in 2010. Visit http://www.SWFLCCIM.com to register and learn about sponsorship opportunities.

[youtube=http://www.youtube.com/watch?v=ZiOiAu44LN4&rel=0]

Click here to view our printable version with a lot more information including leasing statistics, comparable sales and actual finished leases.

This video covers the medical office hot spots in Lee County Florida.  We are tracking the most active, most expensive, and healthiest areas for medical growth.

In the second quarter of 2009, 155,000 square feet of new shopping center space was delivered in Lee County. In addition, 101,000 square feet of space was vacated in the second quarter for a total of 256,000 square feet of vacant shopping center space in the county.

There is currently an additional 182,000 square feet of shopping center space under construction, some of which includes failed projects that will not make it to the market this year.

Lee County shopping center total vacancy reached 10% in the second quarter, up from 9% in the fi rst quarter and 7.1% one year ago. We expect vacancy to increase in the next quarter and absorption to reverse some as tenants prepare for season.

Retail lease signings that occurred in the second quarter include:

The Furniture Solutions leased 11,715 square feet in Jamaica Bay Plaza on US 41 in Fort Myers

BC’s Furniture Exchange leased 4,008 square feet on Trails Edge Boulevard in Bonita Springs

Dollar & Beyond leased 2,600 square feet on SW Pine Island Road in Cape Coral

Read more at: www.JimGaringer.com (click on market reports)