{"id":42562,"date":"2025-05-16T07:49:10","date_gmt":"2025-05-16T04:49:10","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=42562"},"modified":"2025-11-12T18:29:16","modified_gmt":"2025-11-12T15:29:16","slug":"southwest-florida-coast-renaissance-office-center-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/southwest-florida-coast-renaissance-office-center-changes-hands\/","title":{"rendered":"Southwest Florida Coast Renaissance Office Center Changes Hands"},"content":{"rendered":"
[vc_row][vc_column][vc_column_text css=””]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.<\/p>\n

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.<\/p>\n

This deal is well-regarded as a testament of continued investor confidence in the long-term fundamentals of the\u00a0Southwest Florida\u00a0Coast office market.<\/p>\n

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\u00a0Interstate 75 and Daniels Parkway, making it a notable investment opportunity in what is considered to be a tight class A market.<\/p>\n

Brookwood Financial Partners originally acquired the property in 2017 for $8.6 million and has since meticulously maintained its high-caliber status.<\/p>\n

\u201cIt\u2019s not often a property of this caliber transacts,\u201d said Chase Mayhugh, SIOR, CCIM, of Mayhugh Commercial Advisors. \u201cThe Renaissance Office Center is truly a trophy asset, and we\u2019re proud to have facilitated this transaction and now play a key role in its continued success.\u201d<\/p>\n

The Southwest Florida Coast was one of the 15 best-performing office markets in Q1 2025<\/a>, ranking 11th<\/sup> among markets smaller than 100 million square feet. It also had the second-lowest office vacancy rate of the quarter (behind California\u2019s Inland Empire) and saw the seventh-largest quarter-over-quarter increase in the share of coworking out of the total local office stock.<\/p>\n

\u201cWhat appealed to the buyer was the institutional-quality construction, long-standing tenancy, and premier location,\u201d said Mayhugh\u2019s Justin Ankney, CCIM. \u201cThe Renaissance Office Center represents a rare opportunity in a tight Class A office market.\u201d<\/p>\n

\"The<\/a>

The Renaissance Center in Fort Myers is considered one of the best office properties in the Southwest Florida Coast market.<\/em><\/p><\/div>\n

Looking for investment opportunities in office properties for sale in Fort Myers<\/a> or other Southwest Florida Coast markets? Visit the CommercialCafe.com<\/a> home page to start your search![\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"

Brookwood Financial Partners sold The Renaissance Office Center in Fort Myers, Fla., to an ownership group that included Mayhugh Commercial Advisors, future leasing and operations manager of the property.<\/p>\n","protected":false},"author":48,"featured_media":42564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,4014,39],"tags":[],"class_list":["post-42562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"\nBrookwood Sells Premium Florida Coast Office Asset | CommercialCafe<\/title>\n<meta name=\"description\" content=\"An ownership group recently acquired the Renaissance Center office 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