Back Naples, Fla. – September 29, 2021 – Halstatt Real Estate Partners, a real estate private equity firm, today announced the sale of The Colony Building in Bonita Springs, Fla. The building is a 38,000 square foot “Class B” office building located on a 3.47-acre site. The property is prominently positioned on Tamiami Trail, a major thoroughfare, just south of the 140-store Coconut Point Mall outdoor mall. Halstatt purchased the property as part of a three-office building investment package. This was the last remaining asset of the portfolio to be sold.
Halstatt Real Estate Partners identifies value add and opportunistic real estate projects throughout Florida, the Southeast U.S., and Texas. The company partners with qualified sponsors to develop and implement a strategic business and capital improvement plan to maximize demand driven development opportunities.
“When we purchased the property, we implemented a leasing stabilization strategy and tenant improvement plan to increase occupancy,” said Bobby Sullivan, managing director, Halstatt Real Estate Partners.