Beverly, Mass.-based private equity firm Brookwood Financial Partners recently sold The Renaissance Office Center, an 86,000-square-foot office building at 9530 Market Place Road in Fort Myers, Fla.
The buyer was ownership group CM-CRE Office I LLLP, which also included Mayhugh Commercial Advisors that brokered the deal in an off-market transaction. Mayhugh will also manage leasing and property operations going forward. Reportedly trading for about $9.7 million, the property claimed an estimated $113 per square foot.
This deal is well-regarded as a testament of continued investor confidence in the long-term fundamentals of the Southwest Florida Coast office market.
Recognized for its exceptional finishes; first-class amenities; and roster of nationally recognized, credit-rated tenants, The Renaissance Office Center is strategically located at the northwest corner of Interstate 75 and Daniels Parkway, making it a notable investment opportunity in what is considered to be a tight class A market.
Brookwood Financial Partners originally acquired the property in 2017 for $8.6 million and has since meticulously maintained its high-caliber status.
“It’s not often a property of this caliber transacts,” said Chase Mayhugh, SIOR, CCIM, of Mayhugh Commercial Advisors. “The Renaissance Office Center is truly a trophy asset, and we’re proud to have facilitated this transaction and now play a key role in its continued success.”
The Southwest Florida Coast was one of the 15 best-performing office markets in Q1 2025, ranking 11th among markets smaller than 100 million square feet. It also had the second-lowest office vacancy rate of the quarter (behind California’s Inland Empire) and saw the seventh-largest quarter-over-quarter increase in the share of coworking out of the total local office stock.
“What appealed to the buyer was the institutional-quality construction, long-standing tenancy, and premier location,” said Mayhugh’s Justin Ankney, CCIM. “The Renaissance Office Center represents a rare opportunity in a tight Class A office market.”
The Renaissance Center in Fort Myers is considered one of the best office properties in the Southwest Florida Coast market. Property image courtesy of CommercialEdge.com
Looking for investment opportunities in office properties for sale in Fort Myers or other Southwest Florida Coast markets? Visit the CommercialCafe.com home page to start your search!
