The Shops at Surfside, a Cape Coral shopping center, has been sold to a Pinellas County real estate developer.<\/p>\n
The center at 2354 Surfside Blvd. was bought for $12.3 million by Trifon Houvardas, the owner and broker of Foresight Property Services in Oldsmar.<\/p>\n
(It was not immediately clear Monday if Houvardas bought the property as an individual or in his role at Foresight.)<\/p>\n
The Shops at Surfside, according to a listing on LoopNet, is 117,556 square feet and sits on 8.26 acres just off the Veterans Memorial Parkway. The listing says it is fully occupied.<\/p>\n
Lee County property records show the previous owner is a Naples-based LLC that paid $7 million for the center in 2021.<\/p>\n
Matthews, the Nashville commercial real estate firm that represented Houvardas and announced the sale, says in a statement that the center is anchored by Belk and Anytime Fitness along with \u201ca diverse roster\u201d of tenants. That roster, according the center\u2019s website, includes the eateries Torched Bar & Grill, Ginger Bistro Cape Coral and Keg & Cow.<\/p>\n
The firm says the Houvardas was attracted to center\u2019s cash flow and potential, \u201cviewing the acquisition as an opportunity to place capital in a well-located retail asset with opportunities to enhance future returns.\u201d<\/p>\n
Foresight is a 35-year-old full-service commercial real estate firm that has developed and manages a portfolio valued at more than $60 million and includes office and retail properties, according to its website. The site says the firm currently manages about 250 tenants taking 320,000 square feet of space.<\/p>\n
Matthews agent Daniel Gonzalez represented Houvardas in the deal.<\/p>\n
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