{"id":1004494237,"date":"2020-11-19T06:04:41","date_gmt":"2020-11-19T14:04:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004494237"},"modified":"2020-11-20T03:03:47","modified_gmt":"2020-11-20T11:03:47","slug":"rcg-ventures-sells-134-ksf-retail-plaza-in-florida","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rcg-ventures-sells-134-ksf-retail-plaza-in-florida\/","title":{"rendered":"RCG Ventures Sells Florida Retail Plaza for $10M"},"content":{"rendered":"
\"\"<\/a>

Naples Towne Center. Image courtesy of Plaza Advisors<\/em><\/p><\/div>\n

Buckingham Properties has acquired the 134,700-square-foot Naples Towne Center in Naples, Fla., for $10 million, according to Collier County Records. Plaza Advisors represented the seller, RCG Ventures, while First Florida Integrity Bank provided $7.6 million in acquisition financing. Earlier this year, the brokering firm partnered up with RCG in the disposition of Walden Woods<\/a>, a some 73,000-square-foot, Tampa-area retail asset.<\/p>\n

Naples Towne Center held an 80 percent occupancy rate at the time of sale. Current tenants include Dollar Tree, Bealls Department Store and Rent-A-Car.<\/p>\n

The shopping center is located in East Naples, along U.S. Route 41, a major highway connecting Tampa with Fort Myers and Miami. The property is part of a prominent retail corridor along US41, that also offers various dining options, as well as a neighboring Walmart and Home Depot. The area demographics within a 5-mile radius include 106,000 residents, with average earnings of more than $86,000.<\/p>\n

The Plaza Advisors team included Founder & President Jim Michalak and Vice President & Senior Associate Keith Nurre. The deal marks the company\u2019s fifth retail center transaction since the start of the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plaza Advisors brokered the disposition of the Dollar Tree-anchored Naples Towne Center, located adjacent to U.S. Route 41.<\/p>\n","protected":false},"author":739,"featured_media":1004508581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21749],"tags":[35107,48524,38545],"class_list":["post-1004494237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","tag-dollar-tree-inc","tag-plaza-advisors","tag-rcg-ventures-llc"],"acf":[],"yoast_head":"\nRCG Ventures Sells Florida Retail Plaza for $10M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rcg-ventures-sells-134-ksf-retail-plaza-in-florida\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RCG Ventures Sells Florida Retail Plaza for $10M\" \/>\n<meta property=\"og:description\" content=\"Plaza Advisors brokered the disposition of the Dollar Tree-anchored Naples Towne Center, located adjacent to U.S. Route 41.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rcg-ventures-sells-134-ksf-retail-plaza-in-florida\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-19T14:04:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-20T11:03:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Updated-Bealls.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"894\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rcg-ventures-sells-134-ksf-retail-plaza-in-florida\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/rcg-ventures-sells-134-ksf-retail-plaza-in-florida\/\",\"name\":\"RCG Ventures Sells Florida Retail Plaza for $10M - 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