New Jersey investors buy College Plaza shopping center for $14.6M

Author: David Dorsey, Gulfshore Business
Published: Updated:

The time it took to sell the College Plaza shopping center in south Fort Myers was officially 64 days. But it really only took one day for real estate broker Jim Shiebler of CBRE commercial real estate firm to reach a handshake agreement between buyer and seller. 

College Plaza, at the northwest corner of College Parkway and U.S. 41, sold Aug. 27 for $14.6 million, almost 4% less than the June 4 listed price of $15.2 million. 

Pet Supermarket, Ada’s Natural Market, West Marine, Five Guys, Tijuana Flats and Good Feet Store will continue operating as normal under their leases. Those stores will have a new landlord in College Plaza Center LLC, a company owned by Frank Storino and family, who are based in New Jersey, where they also own Jenkinson’s Boardwalk at Point Pleasant Beach. 

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