Matthews™ Sources Retail Acquisition Opportunity for Buyer in Cape Coral

FORT MYERS, FL—Matthews™, a commercial real estate investment services and technology firm, completed the sale of Shops at Surfside, located at 2354 Surfside Blvd in Cape Coral, Florida. Matthews™ First Vice President and Associate Director Daniel Gonzalez represented the buyer, Trifon Houvardas, in the $12,300,000 transaction.

The grocery- and service-oriented retail center is located within the Cape Coral submarket, one of Southwest Florida’s fastest-growing residential markets. Anchored by Belk and Anytime Fitness, the center features a diverse roster of healthcare, fitness, and service-oriented tenants, providing stable in-place income and an immediate opportunity to enhance cash flow through value-add initiatives.

Leveraging deep industry relationships and local market knowledge, the Matthews™ agent identified the opportunity early and introduced it to Houvardas before the property was broadly marketed. Houvardas was attracted to the property’s stable cash flow and value-add potential, viewing the acquisition as an opportunity to place capital in a well-located retail asset with opportunities to enhance future returns.

“Relationships drive results in this business, and this transaction was a prime example of why buyers come to us when they are looking to place capital,” Gonzalez said. “We stay closely connected to the market, which allows us to identify opportunities early and execute quickly on both on-market and off-market transactions.”

For more information, please contact Daniel Gonzalez or visit www.matthews.com.

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.