In North Fort Meyers, Knoll negotiated a $21.8-million saleprice for Atlanta-based Abrams Properties' 293,801-sf MerchantsCrossing shopping center at 15201 North Cleveland Ave. NobleManagement of Greenacres, FL bought the 98%-leased property for$74.20 per sf. "The sale price exceeded the expectations" of Abrams"by more than $1 million," Knoll tells GlobeSt.com.

At Tamiami Trail and Daniels Parkway, a hot area retail sector,Knoll was able to get $18.8 million for Capri/Capital Advisors LLCof Illinois for its 272,849-sf Cypress Trace retail asset. UPProperties of Omaha, NE paid $68.72 per sf for the property.

On its sale of Merchants Crossing, Alan R. Abrams, co-chairman,president and CEO of Abrams Industries Inc., parent of AbramsProperties, says "with the successful completion of thelong-planned sale of the company-developed investment property, wewere able to obtain an excellent price from the current favorablereal estate markets and capture the value we created."