College Plaza shopping center hits market for $15.2M

Author: David Dorsey, Gulfshore Business
Published: Updated:

Longtime Lee County developer Dan Creighton and investor Mike Devito of Alpha Equity Group considered putting a shopping center at one of the busiest intersections in Southwest Florida on the market in 2020. Their real estate broker advised them against doing so then. 

Broker Jim Shiebler, now a senior vice president of CBRE, has been preparing the marketing materials over the past month. This week, he’s launching efforts to sell College Plaza, 7070 College Parkway in south Fort Myers, for $15.2 million. 

It’s a hefty boost from the $3.9 million Creighton and Devito paid for it in December 2010 under the entity College Venture I LLC. 

To read more at Gulfshore Business, click here. 

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