Real estate transactions

Rogers Janssen LLC sold Unit 14 located at 7857 Drew Circle, Fort Myers, to Jason P. Ford and Regan E. Ford. The new office warehouse condominium unit consists of approximately 1,433 square feet, zoned Industrial Planned Development, allowing for a wide range of permissible uses. The unit was purchased as an investment, and is available for lease. Contact Martha J. Feeney at 489-3303 ext. 208 for further information regarding the lease terms and conditions.

The purchase price was $250,000. Martha J. Feeney of VIP Commercial TCN Worldwide negotiated the transaction.

Robert Thomas leased a 658 SF office at 42 Barkley Circle, Fort Myers, from Johnson Land Investments, LP. Dara Goren of Leffler & Associates represented the Landlord, and Emanuele DiMare of the Frye Commercial Group at RE/MAX Realty Group represented the tenant.

Morgan Stanley, one of the world's largest financial institutions, has agreed to remain in their current location on 8711 University Pointe Drive for at least the next 10 years, having been the prime anchor in the professional Class A office building since 1995. The total consideration for the lease is estimated to be in excess of $4 million.

In addition, Morgan Stanley will expand into the adjoining space currently occupied by a local tenant and subsequently begin a 10,000 square foot interior and exterior renovation project which will take at lease six months to complete and will bring the interior of the space concurrent with global standards.

The building is owned by Calvin D. Wible who also purchased the Smith Barney Building earlier this spring.

Randal L. Mercer of CB Richard Ellis, Ft. Myers-Naples represented the Landlord and will perform asset management serviced for the landlord and David Preve of CRESA Partners of Miami represented the tenant.

Raymond James has agreed to the terms of a new lease that will have them move to their new Lee County Headquarters in the fourth quarter of 2007. The two-story building, which was completed in July, is at 8000 Summerlin Lakes Drive in Fort Myers and Raymond James will occupy the entire first floor. Speath Engineering is will occupy the entire second floor. The total consideration for the seven year lease is estimated to be in excess of $1.5 million.

The building is owned by Speath Development, LLC. Randal L. Mercer of CB Richard Ellis, Ft. Myers-Naples represented the landlord and John Klein & Todd Brandon of the Equis Corporation represented the tenant.

ARAMARK Uniform & Career Apparel has agreed to the terms which will enable them to remain in their current location on 5421 Division Drive in the Billy Creek Commerce Center for at least the next five years, with multiple renewal options. The landlord, with ARAMARK, having been the anchor tenant in the building since 1996 is exploring expansion options which will double the space by 2010. The total consideration for the lease is estimated to be in excess of $700,000.

The building is owned by Calvin D. Wible. Randal L. Mercer of CB Richard Ellis, Ft. Myers-Naples represented the landlord and will perform asset management serviced for the landlord.