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FORT MYERS, FL—Global Fund Investments and MMG Equity Partners bought a bank-owned Publix-anchored shopping center near a southwest Florida vacation spot for $7 million. The shopping center spans 74,286 square feet.

Located on Summerlin Road, a major east-west thoroughfare that connects Fort Myers to Sanibel and Captiva Island, more than 18,000 cars pass the Sanibel Beach Place daily. The population within a three-mile radius is 21,000 and the average household income is $81,000, according to MMG’s market research.

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