MIAMI—Alico Commons, a 97,663-square-foot Publix-anchored centerin Fort Myers, FL, has a new owner. Endeavor Real EstateGroup sold the asset to The PMATCompanies for $9.875 million free and clear of debt.

HFF senior managing director DannyFinkle and director Luis Castillorepresented the seller. Finkle tells, “This assetprovided investors an opportunity to acquire a recently built, highvolume, Publix-anchored center with substantial value enhancementpossibilities through lease-up and outparcel development in anascending local market.”

Built in 2009, Alico Commons sits on a 12.04-acre site at theintersection of Alico Road and Tamiami Trail (US Highway 41). Thecenter is 53.5% leased and is anchored by a 45,600-square-footPublix.

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