Fort Myers, Fla. — Continental Realty Corp. has acquired the Shoppes at Pelican Preserve, a 69,475-square-foot shopping center in the Southeast Florida community of Fort Myers.
The asset was purchased for $12.2 million on behalf of Continental Realty Fund V LP, representing the first property acquired by the fund. A 51,000-square-foot Winn-Dixie anchors the center, which was 98 percent leased at the time of sale. Additional tenants include Pizza Hut and H&R Block. Anthony Blanco and Lynn De Marco of The Shopping Center Group arranged the transaction on behalf of the undisclosed seller.