BOSTON—AEW Capital Management and Wilder announced the acquisition of Daniels Marketplace in Fort Myers, Florida. Wilder will handle the leasing and management as well as the development of Phase Two of the site.
The 106,729 square foot center is anchored by the only Whole Foods Market in the Fort Myers/Cape Coral trade area. It is located with excellent visibility just two miles west of I-75 at the heavily trafficked intersection of Daniels Parkway and 6 mile Cypress Parkway.
Opened in 2018, the center also features White House/Black Market, Aveda, California Closets, Panera Bread, Zoës Kitchen, and more. The center is 100% leased and, because of additional demand, Wilder is already planning a 25,000 square foot expansion.
“We are so pleased to back in Florida,” said principal, Tom Wilder. “After the sale of our ground-up developments, The Loop, Loop West, and Rialto in the Orlando market, we have been looking for just the right opportunity to re-enter the state. We are also pleased to grow our relationship with AEW.”
“This is an ideal asset for AEW’s dedicated growth and income strategy,” said George Fryer, Director in AEW Capital Management’s Boston office. “Wilder is a proven manager for us and as the center’s operator we look forward to them creating additional value through their sound development practices and leasing vision in the Phase Two expansion.”
Brian Cosentino, Wilder’s Vice President of Acquisitions, adds “We look forward to growing our retail portfolio in Florida and using our development and merchandising skill set to enhance value for our partners and the communities we do business in.”
