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SWFL Florida companies A look at commercial real estate trends & topics in Southwest

INSIDE THIS ISSUE

named to top state list

Salute to Entrepreneurs

Startups, solo practitioners and visionaries fuel the economy of Southwest Florida.

Two Southwest Florida companies announced they were among the first round of the 2020 Florida Companies to Watch finalists announced by GrowFL. The awards event, now in its 10th year, honors impressive second-stage companies from throughout the state for developing valuable products and services, creating quality jobs, enriching communities and broadening new industries throughout Florida.

Founded in Naples in 1980, Presstige Printing is experiencing record growth fueled by its commitment to customer satisfaction and investment in industry leading technology.

The recent round of investments is part of the company’s “Presstige 2020” initiative, which includes nearly $3 million in state-of-the-art equipment and technology. The results are industry leading quality, consistency, and efficiency to match with the company’s superior customer service.

“We were blown away when we saw the list of phenomenal companies that we are alongside,” Presstige Printing Owner Wes Weidenmiller said.

“This recognition confirms my belief that investing in technology here at our SWFL headquarters positions us among the best printers in the state.”

Priority Marketing is also among the Southwest Florida businesses to be named finalists.

“GrowFL received more than 400 nominations this year, and it’s gratifying to know that we’re not just regarded as a successful business in Southwest Florida, but across all of Florida,” said Teri Hansen, president and creative director at Priority Marketing. “Our company has grown to over 40 employees that are working tirelessly to

COMMERCIAL REAL ESTATE M Dane Eagle, right, shakes hands with Rep. Ray Rodrigues, R-76th District, on the floor of the Florida House of Representatives.

A look at commercial real estate trends & topics in South

Commercial Real Estate

An 8-page pullout section that is a quarterly SWFL Commercial Real Estate market overview.

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Brady Photos by Christine trade to the Southof international offices. about the importance Buqueras talks Lee County Economic Development Director Carlos the first-ever stop at Port Manatee Executive during the Port’s west Florida market

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IN THE NEWS

to Dave Gammon elevated Charlotte EDO director

in the wake of Charlotte County, joinLucienne Pears former director Partners at Babcock ing Kitson and former Business Ranch, elevated and interim Recruitment Supervisor to executive director Dave Gammon Economic Developdirector of the ment Office. face in reGammon is a familiar he development as gional economic three years with his has proven in EDO. County Charlotte continue leading He is excited to like developments several existing page 19

Florida to communities in second one of four host as part of the Lee County was from seven countries welcome companiesTrade Summit.

Manatee, annual International International Trade Hub at Port Fort Lauseries visited Organized by The one day Business opportunity ota and Tampa for the 2019 Global Bradenton/Saras derdale, Fort Myers,to 29.

26 Office, Southwest each from Aug. ReEconomic Development and the Southwest The Lee County Chamber of Commerce the event, which Florida Hispanic Association co-hosted gional Manufacturers Gulf Railway.

Chile, Colombia, was sponsored Seminole from Argentina, other locales International companies Spain, Peru and Mexico, goods, artisanal apparel, El Salvador, Guatemala, food, coffee, fruits, cooking systems featured wine, snack and state-of-the-art to merchandise companies Lee County industryof founded as part summit showcases during the summit. Trade Hub at Port Manatee, and An expo-style from seven nations markets in Florida and business leaders visiting Summit.

The International International Trade advice as a vital link between provides expert See page 6 the second annual in 2014, serves world. The hub TRADE throughout the

ENEURS h SALUTE TO ENTREPR poised for growt and Business Intermediary Proess Advisors experi- a CertifiedMergers & Acquisitions transaction Edison Busin the IBBA ap- Certified designations from ence totaling partner and

GAMMON See

Privacy & Cyber Security d Forum announce

& Cyber SeA special Privacy held on Friwill be at curity Forum 9 a.m. to noon day, Nov. 8, fromNews Community the Naples Daily room.

Companies will William C. Huff and insponsor the informational for the community. teractive forum forum is for atThe goal of the clearer undera tendees to gain keep their famito standing of how businesses private. lies, wealth and FORUM See page

18

in fi$170 fessional a Eric Gall, managing with a concentration proximately for Edison Avenue, won and an MBAthe University of Michigan. broker of record brokerage and lower million. Gall transactions and nance from leading business Gall in business the 2018, 2016 and acquisitions Niehaus, Bro- Assisting middle market mergers Pfeffer, Steven 2014 Business significant changes No. 1 are Michael and Phillip Reda. firm, is announcing kers of Florida Edward Valaitis Business Adto operations.

Top Dollar Producer to rebrand itself Pfeffer joins Edison of business The firm has decided over 20 years Award for Southwest Advisors” to better out visors with experience, including 12 as “Edison Business service offerings, Florida, beating busi- transactionbusiness brokerage franchise communicate addedbusiness appraisals, Gall a over 90 other He is years as Southwest Florida. Pfeffer is a including certified appraisals and certiness brokers. owner in Certified certified equipment Business Brokers Board Certified Intermediary, International an and also page 6 strategies.

See fied exit EDISON Chairman’s Circle mergers and acquisiBrokerage and led by Association Award winner. Eric holds continue to be tions efforts will 20 years of business Deal Maker Gall. He has over OPENING

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Hoffmann Family buys Hertz Arena, Everblades

INSIDE THIS ISSUE

The Hoffmann Family of Companies has entered into an agreement to purchase the Florida Everblades and the Hertz Arena.

Plans are underway for a complete renovation of the 8,284-seat, multipurpose arena. The improvements will include enhanced skyboxes, food services and installation of a state-ofthe-art scoreboard.

Hertz Arena, which opened in 1998 as Everblades Arena, hosts a variety of events including concerts, Cirque du Soleil, Disney on Ice, boxing and trade shows. The venue offers

Focus on Manufacturing

Area companies are building a better future — one made right here in Southwest Florida.

25 suites, two additional ice rinks, a private club and a pub, Breakaway Sports Pub. The arena is also home to the Florida Gulf Coast University Eagles club hockey team of the American Collegiate Hockey Association.

“We are optimistic that all of the 330 employees will remain with the Hoffmann Family of Companies,” said Craig Brush, Florida Everblades President and General Manager, who signed a five-year contract and has a commitment from all his senior staff to remain in place.

“We are thrilled to be acquired by

A specially focused monthly section exploring the SWFL commercial real estate marketplace.

IN THE NEWS

Fort Myers sixth Business Summit slated for Sept. 20

Holly Bell addresses citrus growers about the 25,000-plus uses for industrial hemp, which can now be grown legally in Florida

Cannabis chief promises rich stash for hemp growers Special to SWFBT Submitted By: Jacob Ogles, Editor

SUMMIT See page 7

When other states started authorizing farmers to grow hemp, it didn’t take long to realize there was no place to sell it. Because no structures had been put in place for processing and manufacturing plants, state officials found themselves rushing a regulatory structure through so farmers could offload their first harvests.

Holly Bell, Florida’s first Director of Cannabis, plans to learn from that mistake. She said the Department of Agriculture and Consumer Services will make sure all parts of the burgeoning hemp industry can move forward as soon as new rules unroll later this fall.

“When our farmers are ready for a cash flow, we want to encourage them to get going,” she said.

Applications being accepted for the 25th Blue Chip Award The 25th Annual Southwest Florida Blue Chip Community Business Award application deadline is fast approaching. The Blue Chip Community Business Award recognizes successful, small businesses in Lee, Collier or Charlotte County that have overcome adversity to achieve success. Applications must be submitted by Wednesday, Sept. 4.

The independent judges select the honoree after all the applications AWARD See page 19

Bell spoke in August at the Citrus Expo and Vegetable and Specialty Crop Expo, where growers from around the region gathered to hear her discuss this new and just recently legal product to diversify their inventory.

Just a few years ago, there were no legal reasons to grow cannabis in Florida. Now, medical marijuana dispensaries pop up in more shopping centers each week. Soon, farmers will grow non-narcotic hemp crops.

With the 2018 federal farm bill allowing hemp to grow, a budding industry will soon emerge in Florida. The Legislature this year authorized a pilot program for growing hemp in the Sunshine State, and state officials are nearly done weeding through a stack of public suggestions.

GrowFL announced this year’s 50 Florida Companies to Watch honorees, including three from Southwest Florida. Companies to Watch is a statewide competition that identifies companies expected to see significant growth over the next several years.

The GrowFL Florida Companies to Watch awards program—now in its ninth year—honors 50 select second-stage companies from throughout Florida for developing valuable products and services, creating quality jobs, enriching communities, and broadening new industries throughout Florida. Chosen from 500 growing second-stage nominations from throughout, Florida, the 50 companies named as the 2019 Florida Companies to Watch honorees generated nearly $1 billion in revenue and added over 900 jobs between 2015 and 2018. Together, the honorees project a 35 percent increase in revenue and 37 percent increase in job growth in 2019 compared to 2018.

“These stand-out companies are all led by entrepreneurs, and have demonstrated their capacity and intent to grow,” said Dr. Tom O’Neal, GrowFL executive director. “They also all have critical intellectual property or a niche position that gives them a competitive edge in their markets,” he said.

Local honorees include: Cottrell Title & Escrow, Collier County; Mettauer Environmental, Lee County; and VeraData, Lee County .

“This list recognizes second-stage Florida companies with passionate leaders who are making a difference in growing and diversifying our economy,” said Jennifer Barrows, GrowFL Chairman of the GrowFL Advisory Board and Business Development Executive with WithumSmith+Brown, PC. Second-stage companies are those

HEMP See page 5

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HOT CROP Commercial Real Estate

The Greater Fort Myers Chamber of Commerce has announced an exciting line-up for its 2019 Business Summit, set for Sept. 20. The summit, now in its sixth year, will run from 8 a.m. to 3 p.m. at the Sanibel Harbour Marriott Resort & Spa in Fort Myers.

This year’s keynote address is “Communicate Your Way to Success,” by entrepreneur, business coach and international speaker Jason Evers. Evers has traveled to more than 20 countries on five continents

such a prestigious company. Our partnership with the Hertz Corporation and now this new ownership ensures that Hertz Arena will maintain our strong community presence and continue to be the number one choice for entertainment in Southwest Florida.”

The team and the arena were previously owned by Peter Karmanos, founder of Compuware Corporation and prior majority owner of the Carolina Hurricanes in the National Hockey League.

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IN THE NEWS Collier names Pelican as ‘Business of the Wire Month’

During the July ty Commission 9 Collier CounWire was named meeting, Pelican ty ‘Business of the Collier Counthe Month’ and recognized by was the a manufacturing Board for being County for over leader in Collier 40 years.

Pelican Wire President Ted Bill, who received the are truly honored award, said “We Collier County to be named the Month’ for July.‘Business of the Since moving AWARD See page

Gov. DeSantis announces job growth grants

4

Gov. Ron DeSantis the Florida Departmentannounced of Economic Opportunity Florida are acceptingand Enterprise economic development project proposals for the Florida Job Growth Grant Fund. $40 million is available to fund training and public job projects that support infrastructure growth and employment in Florida.

“We know

the frastructure projects importance inand workforce training has on economic development,” said DeSantis.

“The Florida Job Growth Grant Fund will help Florida communities ensure they GRANTS See page

12

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Dr. Sandra Kauanui (left) and Noemi Ailynee Ramirez, Y. Perez (right) Jessica Sales, with - TIF Shark Daisy Montanez, Tank winners

Alondra Estrada Swap & Shop teamNeika Exulus, Young entrep reneurs share ideas, earn award s

Special to SWFBT Submitted By: Noemi Y. Perez Southwest Florida tion’s business-theme students in The Immokalee Foundad summer camp entrepreneurial recently shared ideas their Tank event modeled and garnered awards during a Shark The four-week after the popular TV show. was a partnership Business Management Pathway Coast University’sbetween the foundation and Floridacamp Gulf developed businessInstitute for Entrepreneursh ip. among them: finding plans that solved problems Students common clothes on a budget; centric finances; handling ñera; and findinggetting better sleep; planning studenta quincearestaurants suitable stricted diets. for people with reStudent teams gave presentations about ences, startup costs, their target audiprojected profits, marketing other aspects of entrepreneurial plans and Dr. Sandra Kauanui, enterprises at iTECH mokalee. Judges FGCU Director spoke during the for of Entrepreneurs Smart Companies the presentations were: Brian in Imevent. hip, Rist, The Smart Companies executive chairman; Sofia Blanno, gram allows shoppers to arrange tor of corporate intern; and Matthew Turner, Hertz The through social an app, then physically to buy, sell or swap items direcFirst place awards responsibility. central location exchange those in Immokalee. items at a Shop team of Neika of $500 each went to the MentorUs, Daisy Montanez Exulus, Jessica Sales, Alondra Swap & smart financial an app that encourages students and Ailynee Ramirez.

Estrada, decisions, earned interested in dressing Aimed at students for team members second place of to make fashionably on $250 each Alex Soriano, a budget, the pro- ie Etienne, Azael Simon-Quirino Je’an Espinoza, Myrlandand Simson Devesaint.

Fort Myers Mayor

Special to SWFBT Submitted By: Karen P. Moore,

launches Divers ity Committee

SHARK See page

more inclusive city.

Publisher Student Hailey Countryman asked her employer, Sanibel Captiva “It is never too the Mayor if he munity Bank, Comlate to give up had to FGCU’s College on diversity whom a team of advisors Education. your prejudices.” of Henry David Thoreau for guidance. Since he could rely on said, “We In a recent interview she can’t really say question was no, the answer to that ing to be representative we are tryat that moment Fort Myers Mayor derson felt Henof our city’s derson has known Randy Hen- a team. inspired to create just such residents and community if we don’t have diversity Ndiang’ui wanted Florida Gulf Coast University on the to make She sure the Mayor explained the council itself.” was prepared ter Ndiang’ui for professor Dr. Pe- road ahead committee drew about 10 years and asked him, for the its 18 members was a guest speaker and from the commu“Are in his class, “In- really able to handle the truth?” you nity, representing troduction to Diversity,” diversity project moved The ethnicity, forward. in Novemgender and sexualin race, ber. Henderson Beth Countryman, asked students Hailey’s moth- tity. “We can’t be a committee idenhe could do to what er, became make Fort Myers up of old white made involved with men and think the project, going a which led to we are a $25,000 donation to be in charge of diversity.” from DIVERSITY See page 11 Payment Plans Available • Discounted Merchandise Parking Options Discount • Presale • Private Parties & Exclusive Gifts on Hertz Arena Concerts & Family Shows Buy Any 19/20 & Get A $20 Membership Pack FORD’S GIFT & ‘BLADES TOTE CARD BAG Valid on any NEW

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October webinar to provide CRA updates

The Urban Land Institute Southwest Florida will host a webinar on Oct. 6 with officials from Community Redevelopment Agencies in Southwest Florida. The officials will pro-

Dane Eagle takes over DEO

Special to SWFBT Submitted By: Jacob Ogles, Editor

Dane Eagle came a couple hundred votes short of the Republican nomination for Congress. But he still ended up in a position of responsibility and influence. Gov. Ron DeSantis in September announced the Cape Coral lawmaker as his choice for executive director of the Department of Economic Opportunity.

That’s a position under extraordinary scrutiny at the moment. When the coronavirus pandemic spurred statewide layoffs this year, the state unemployment system, CONNECT, crumbled under intense demand.

That ultimately led into former DEO executive director Ken Lawson’s de-

cision to resign, months after DeSantis, unhappy with leadership, largely sidelined the director.

“Look, we certainly have got our challenges ahead of us,” Eagle told Southwest Florida Business Today.

“But there’s a great staff in place.

They’ve been overworked. I look forward to giving them more resources and fixing the problems of the past with the CONNECT system and moving forward to a brighter day.”

Eagle brings with him an intimate knowledge of Southwest Florida as he takes over the agency after representing House District 77 for the last eight years in the Legislature. That will guide decisions for the new director.

DEO See page 13

LIST See page 14

Allegiant expands PGD nonstop service offerings Allegiant announced two new nonstop routes from Punta Gorda Airport (PGD) to Houston and Chicago. The company is offering one-way fares on the new route as low as $29. The new seasonal routes to Punta Gorda Airport in Southwest Florida include Houston via William P. Hobby Airport and Chicago via Chicago Midway In-

ternational Airport, both beginning Nov. 20. The new routes will operate twice weekly. Flight days, times and the lowest fares can be found at Allegiant.com.

“Southwest Floridians will be thrilled to fly with ease from Punta Gorda into these major metropolitan areas,” said Punta Gorda Airport CEO James

W. Parish. “These new routes mark Allegiant’s first flight from PGD into the great state of Texas and will connect thousands of Chicago residents to our sunny beaches and outdoor paradise.”

Allegiant offers a special option to Punta Gorda-area travelers with low base airfare and savings on rental cars and hotels.

IN THE NEWS vide behind-the-scenes updates from the Fort Myers, Cape Coral and Bayshore Gateway Triangles CRAs. The event, scheduled from 2 to 3 p.m., will provide a chance for participants to hear from all the local CRAs and the work being done to WEBINAR See page 13

Professional, construction jobs on the rise in SWFL

The Department of Economic Opportunity announced that in August, construction and professional jobs in Southwest Florida went up even as the total number of jobs went down.

Three major industries gained jobs over the year in the Fort Myers area: construction (+900 jobs); professional and business services (+700 jobs); and government (+600 jobs). Four major industries gained jobs over the year in the Naples area: construction JOBS See page 3

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Southwest Florida BUSINESS TODAY ®

OCTOBER 2020

SALUTE TO ENTREPRENEURS Saving celebrations in light of COVID-19

Green Swans and SWFL

Upscale event space Venue Naples is taking its talents virtually, partnering with Crave Culinaire, Scott Robertson Virtual Fundraising Consultants/Auctioneers, and PJ Fuerstman and the Virtual Pzazz Productions Team to provide turnkey services for charity events, business and individual celebrations. In light of the recent pandemic plaguing our world, Venue Naples and its partners work to save celebrations by offering a number of virtual service packages.

Due to the challenges posed by COVID-19, many fundraising committees, businesses and private event planners struggle to fit events into the new normal, which prompted Venue Naples to migrate from a traditional event space into a virtual platform instead.

The Venue Naples team can customize any event, whether it is in a physical location or virtual, which makes this service highly sought after. Instead of utilizing their previous space, the options are endless when it comes to bringing the celebration to you. The team is able to better service those planning events in the upcoming months, helping them to stay safe and healthy while they plan their celebrations.

Pivoting into a more virtual role allows Virtual Venue Naples to maintain everything the community loves about the team. Being able to offer more COVID-friendly options to gatherings is key. That’s where Scott Robertson Virtual Fundraising Consultants/ Auctioneers & PJ Fuerstman and the Virtual Pzazz Productions Team come into play. Dynamic duo Scott Robertson and Sara Rose Bytnar are nationally known pioneers in the virtual fundraising auction world and have a proven track record of success.

Their team hosted one of the first three virtual galas in the nation and led one of the first virtual galas that exceeded $1 million. They offer a virtual gala package that includes full studio production, live bidding, and donations in real time with no latency, fully staffed mobile bidding platform, and skilled emcees.

Pzazz Productions is known around the country for creating unique entertainment that elevates events to engaging experiences. From custom songs with targeted messaging, to choreographed sponsor recognition production numbers to bringing auction

Nicole and Brian Roland, owners of Virtual Venue Naples, provide turnkey services for events. packages to life, Pzazz knows how to reach across the virtual platform to bring events to life.

Whether planning a charity fundraiser, a company’s next business retreat or navigating through a private celebration, Virtual Venue Naples and its partners help find the perfect location, plan a decadent menu and handle the details. The team can assist with a fully virtual event, an in-person small gathering or a hybrid event, and currently offering packages to charities to help organizers plan a successful fundraising event in the upcoming months.

Brian and Nicole Roland, owners of Virtual Venue Naples, speak about this shift and how it is bringing so much positivity to the community. “The decision to take Venue Naples into a more virtual position stems from the absolute need for these types of services. By offering turnkey packages to charities, businesses and individuals, we’re able to expand our offerings into something unimaginable. We know that our team is ready and excited to help out our amazing Southwest Florida community, and we’re looking forward to creating memorable events that are not only successful, but safe for all involved,” they said.

To learn more about Virtual Venue Naples, visit www. virtualvenuenaples.com. Contact Virtual Venue Naples at (239) 292-1529 or info@venuenaples.com.

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John Elkington recently wrote Green Swans: The Coming Boom in Regenerative Capitalism.

Elkington has written a number of previous books about the planet and sustainability. A green swan is a breakthrough solution that benefits people, planet and prosperity.

Certainly, each of us should be looking for ways that we can add value to the world by improving people, the planet, and the financial quality of life in society. The tricky part is that sometimes value is added for two, but not all three, of these beneficiaries. For example, Elkington contends that fossil fuels help people and prosperity, but not the planet.

BY ERIC B. Elkington notes that we are DENT in the midst of a paradigm shift Guest Columnist in business models, mindsets, values and technology. Research shows that there are many inconsistencies when society is between paradigms and his book is no exception. He points out that capitalism has done more to help the poor on this planet leave poverty than any other economic system, but also writes that even leading capitalists admit that capitalism is broken.

It’s true that capitalism has proven to help people more than any other known economic system, but what is broken are people’s values, not capitalism itself. Most valuable approaches, such as democracy or technology, can create tremendous human flourishing (think of what the internet has done just with Lyft, for example) or accent negatives (think of all the child pornography on the internet).

Here’s a recent example that underscores how it is values, not capitalism itself that needs improvement. One year ago, CEOs of 181 companies, including several with sizable operations or connections to this area (Walmart, Best Buy, Cushman and Wakefield) signed a pledge committing to working toward the optimization of stakeholders (to include customers, employees, the environment, communities) not just shareholders. This effort was spearheaded by Marc Benioff, CEO of Salesforce. Benioff in March pledged “no layoffs” for 90 days and in August laid off approximately 1,000 employees days after reporting a sales surge, that resulted in a stock price surge.

Many people, especially the laid off employees, believed Benioff’s layoff decision was not consistent with the pledge he led and signed. Sadly, Elkington also documents the major shortcomings of several companies, such as Volkswagen, who made significant verbal commitments to helping the environment and then acted oppositely.

I would argue that these are not capitalism’s fault, but human nature’s. I’ve noticed that some of my friends who are ardent climate change advocates set their air conditioners to temperatures far below 78 and shop online requiring a large truck to make a special trip just to their house, with an item surrounded, often by massive packaging.

So, the true leverage for helping people, planet SWANS See page 4

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Be a part of a long-standing tradition, and become a supporter of public media through your company today.

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Southwest Florida BUSINESS TODAY ®

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Blue Chip Community Business Award changes date to 2021 The 26th annual Southwest Florida Blue Chip Community Business Award is announcing exciting changes. Coordinated and sponsored by McGriff, a subsidiary of Truist Insurance Holdings, for 26 years, the renowned community event will now be co-produced with the Lee County Economic Development Office, the Horizon Council, and the Horizon Foundation. It will also be postponed to May 2021.

“Blue Chip has been a red-letter day in our community for many years. However, just as we began discussions with the Lee County EDO, Horizon Council, and Horizon Foundation about making this an even bigger event by co-branding and combining resources, COVID-19 hit. We’ll continue our plans to expand the event but we also recognize the need for community safety right now. After we surveyed our endorsers, we believed it was the best course of action to postpone the event until the second quarter of 2021. Despite this adversity, we’ll continue the Blue Chip program and we’re honored to be part of this collaboration with local organizations as well. It’s a ‘win-win’ for businesses and

Don’t forget to post your in-person and virtual events on our B2B events calendar at www.swfloridabusinesstoday.com/calendar future honorees,” said Scott Gregory, Blue Chip program coordinator.

In keeping with its founding principles, the Blue Chip program will recognize small business owners who have overcome adversity to achieve success.

Thriving for-profit companies with their primary office located in Charlotte, Collier or Lee County may apply. Eligible businesses must have been in continuous operation for at least three years under the same ownership and have five to 400 payroll employees. Registration for the event will remain free.

Additional details about the event including the new location and time, as well as information about applications for the Southwest Florida Blue Chip Community Business Award are forthcoming.

For information about the Blue Chip Award program, please contact Scott Gregory at SPGregory@ mcgriffinsurance.com.

SWFL Inc. connects students with employers SWFL Inc. announced it is partnering with Florida Gulf Coast University for the Fall 2020 semester to run the fifth session of Career Compass, a program that connects students with local employers for informational and mock interviews. This semester’s program will continue with support from a grant from the Southwest Florida Community Foundation.

“We created this program with FGCU in 2018 as a way to show our local students that there are fantastic job opportunities right in their backyard,” said Dawn Brewer, operations manager at SWFL Inc. and Career Compass program leader.

“It’s grown so much over the last few semesters, and we’re excited to have helped more than 120 students connect with employers for these inter-

views.”

Rose Fuller, director of Career Development Services at FGCU, is proud that the program gives students a closer look at opportunities in the local workforce.

“The fact that students are able to do a mock interview with someone outside the four walls of FGCU and connect with an employer in the region is a great way to get them that real-world interview experience,” Fuller said.

This year, SWFL Inc. and FGCU will also work with the Greater Naples Chamber and Greater Fort Myers Chamber of Commerce to continue to connect students with employers in the area.

For more information about Career Compass, contact Dawn Brewer at (239) 992-2943.

SALUTE TO ENTREPRENEURS

Grumpy Goat expands online store Grumpy Goat Coffee Company, a microroaster of gourmet grade, single origin coffee has added a new product option to its online store. In addition to one-pound bags, coffee shoppers can now order six-ounce bags of beans, roasted to order. The six-ounce option is available in any of the 14 origins available and can be ordered in either medium or dark roast. Customers may select either whole beans or request them ground for any brew method.

“With so many people staying at home more often and relying upon online ordering we have made our sixounce option available online,” said Brian Abernathy, master roaster and founder of Grumpy Goat Coffee. “The six ounce bags are a great option to try

coffee from the top growing regions in the world and can be bundled to create a variety pack.”

Local customers may also make an appointment to pick up their roastedto-order beans at the Grumpy Goat roastery in Bonita Springs located on Old 41 Road in the Causeway Commerce Park. Grumpy Goat Coffee Company, located in Bonita Springs, was founded in 2016 and makes fresh roasted, fully traceable, single origin gourmet grade coffee both exciting and approachable. Brian Abernathy is the founder and master roaster.

PREVIOUS SWFL BLUE CHIP WINNERS 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002

Pelican Wire NGALA Wildlife Preserve Siesta Pebble Billy’s Rentals Gwendolyn’s Café and Catering Company Lee County Plumbing Supply, Inc. East West Veterinary Care Center ServiceMaster- CCS Parson Masonry, Inc. JRL Ventures/Marine Concepts Old Monty’s Restaurant & Pizzeria The Indigo Room LeeSar Healthtrust Partners; Media Vista Corp.

Fox Electronics; Mikkelsen’s Pastry Shop Congress Jewelers; Island Café Invest SW Title Services; Arturo’s Ristorante Italiano Priority Marketing; Clean Air & Allied Supply Christ Centered Book and Music; The Thomas Riley Artisans’ Guild 2001 Gulf Coast Printing Services; Ark Naturals Products for Pets

JOBS PAGE 1 (+900 jobs); government (+500 jobs); manufacturing (+300 jobs); and other services (+200 jobs).

Statewide, the number of private-sector jobs increased 46,000, up 0.6% from July 2020. Florida’s unemployment rate decreased to 7.4% in August 2020. Florida’s labor force was up 143,000 (+1.4%) over the month.

The Fort Myers area private-sector employment decreased by 11,400 jobs (-5%) over the year. The Fort Myers area’s unemployment rate was 7.1% in August. The Naples area private-sector employment decreased by 5,500 jobs (-4%) over the year. The Naples area’s unemployment rate was 7% in August.

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Visit GrumpyGoat.com for more information. Follow the company on Instagram at @GrumpyGoatCoffee.

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Page 4

Southwest Florida BUSINESS TODAY ®

OCTOBER 2020

SALUTE TO ENTREPRENEURS Consultant helps customers find their dream yacht

A new family begins their yachting journey aboard a 2015 72 Ocean Alexander Pilothouse.

Dave Michie, MarineMax Naples Sales Consultant, states, “It was a fun process to find this vessel for the buyers. They are great and were very patient until the right boat and deal presented itself. I have to thank my cohort Bruce Siler, Ocean Alexander Brand Manager, for assistance brokering the deal.”

Ocean Alexander builds yachts with traditional lines and contemporary styling. The 2015 72 Ocean Alexander Pilothouse clocks in at an overall length of 73-feet-5-inches and a beam of 18-feet-11-inches with a long extended overhead bridge deck and curved lines. The side decks allow plenty of space to transition from bow to stern safely. And inside, she has a raised pilothouse with clear views, a private full-beam master cabin, and three guest suites.

Michie continues, “Ocean Alexander builds a great boat Dave Michie, a sales consultant for MarineMax Naples, with many features and a perfect layout for this Georgia- helps advise on major purchases as consumers search for based family. They traded out of a 55-foot Fleming because luxury vessels. they wanted more space. The family is excited to have four team is dedicated to your enjoyment on the water. MarineMax staterooms for traveling off the coast of Miami and Northwest is here to provide you with the very best service imaginable Florida.” and help make the most of your time out on the water.

MarineMax stands by its commitment to provide the world’s best pleasure boating experience. With team members For more information, contact MarineMax at (727) 265-3755 across the nation and a network across the globe, an entire or email Lisa.Harrison@MarineMax.com.

SWANS PAGE 2 and prosperity lies in a shift in character and values, which aren’t usually listed high on advocates’ lists.

Proven change strategies also show that advocates need to create an optimistic vision that attracts everyone.

For example, in our region, such a vision would be “clean air and water.”

I don’t know anyone who opposes that. I do know people who oppose efforts toward climate change, which is a much less compelling future vision.

With all of your actions, think about whether you are improving other people, the planet, and the eco-

nomic well-being of us all. That’s also an incredibly noble vision.

Dr. Eric B. Dent is a professor and the Uncommon Friends Endowed Chair in Ethics at the Lutgert College of Business at Florida Gulf Coast University.

Contact him at (239) 590-7162 or edent@fgcu.edu.

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EBA adds new team member, credentials Edison Business Advisors, the most awarded and highest credentialed business brokerage firm in Southwest Florida since 2014, added Ryan Baldwin to the team.

Baldwin has accumulated over 30 years of business experience with an emphasis in business brokerage, real estate and healthcare management.

Before joining Edison Business Advisors, Baldwin successfully established several businesses including a locum tenens physician staffing business, multiple family practice clinics and an Iowa brokerage. He also held executive positions in the healthcare industry including Administrative and Clinical Director positions at UnityPoint Health in Des Moines and Urbandale, Iowa.

Baldwin has a history of public service and community involvement including serving as Community Development director for the City of Dodge Center, Minn., vice president of the Marion County Board of Realtors, an ambassador of the Des Moines Westside Chamber, and a member of the Dodge Center, Minn.; Pender, Neb.; and St. Charles, Iowa Chambers of Commerce and Economic Development Boards.

He holds a bachelor’s degree in Business Administration and Economics from Northwestern College and a master’s degree in Public Administration from Drake University.

Baldwin is a licensed broker in the state of Iowa and currently owns KR Business Brokers, located in Des Moines, Iowa, further expanding Edison Business Advisors reach into the Midwest and Mid-Atlantic states.

Steven Niehaus and Michael Pfeffer will be obtaining their Certified Mergers and Acquisitions Professional designation from M&A Source in October 2020, a designation achieved in 2015 by the firm’s president and broker, Eric Gall, who is currently the only CM&AP in Southwest Florida. The CM&AP requires achieving in-depth knowledge of the specialized approach required to successfully prepare and execute lower-middle-market transactions (above $1M in EBITDA).

In November 2019, Niehaus also joined Gall with a Certified Business Intermediary designation from the International Business Brokerage Association. The CBI requires meeting stringent education, ethical and performance requirements of the IBBA. Along with having undergone a specialized program of detailed training and examination, a CBI is required to earn continuing education credits to maintain the credential.

The award winning, credentialed and accessible team at Edison Business Advisors has over 120 years of combined business experience. They have participated in many forms of business transactions including mergers, acquisitions, divestitures, spinouts and roll-ups. Their proven process for properly preparing a business for sale, maximizing marketing exposure and expertise in guiding the sale to completion has resulted in a significantly higher percentage of their listings closing than the industry average.

Visit Edison Business Advisors website at www.edisonba.com for more information.

OCTOBER 2020

Southwest Florida BUSINESS TODAY ®

Page 5

COMMERCIAL REAL ESTATE MARKET A look at commercial real estate trends & topics in Southwest Florida

Symposium advises it’s “Back To Basics” with CRE strategies Special to SWFBT Submitted By: Karen P. Moore, Publisher

For more business news, visit www.swfloridabusinesstoday.com

“There’s not much of a slowdown anticipated in Florida,” Westley continued, “because although painSouthwest Florida’s commercial real estate market till ful, it places the economy on a surer footing for stronstimulus money runs out.” --Dr. Chris Westley, Dean, ger growth in the future.”

Lutgert College of Business at FGCU He explained, “In an economic correction, underIn his opening remarks at the 2020 Real Estate performing and misallocated capital changes hands to Symposium, presented by the Real Estate Investment others who can use it more effectively: this is how Society, Westley quoted president and owner of LSI economies become more wealthy and diversified over Companies Randy Thibaut, a longtime specialist in time.“ In conclusion, “Demand to live here will conthe acquisition, disposition and development of real tinue to grow in the long run. Over the next 30 years, estate in Southwest Florida. our region will grow to be a lot more like Tampa.”

Westley added, “The stimulus money will propel Ainlook commercial real estate trends & the region’s economy through the year, but the pro-at Residential investor/developer perspective cess, it simply delays the structural changes that must Joe Bonora, President of Catalyst Asset Managehappen for sustainable recovery to start. One of the ment, told the audience, “On the for-profit side of our things that should have been learned in the years fol- business, we are structured as a benefit corporation. lowing 2008 is that constant intervention slows the With our projects, we consider factors like the envirecovery process because it delays structural change. ronment and renewable energy, as well as the social “Such change should be welcomed in Southwest components, of the projects we undertake.” His firm

seeks properties in economically-challenged areas where development incentives are available, including tax increment financing, impact fee waivers and expedited permitting. “These elements can have substantial impact on the success of a project and mitigates the risk per unit,” Bonora noted.

Feasibility and due diligence Mark Stevens, President of Stevens Construction, gave the audience the average cost breakdown for construction projects his company has handled: land 17%; construction 65%; other 18%.

He advised that, in the preconstruction phase, business owners should: 1) identify any unusual istopics inwhat Southwest Florida sues, 2) ask, can I do without, 3) determine the cost and 4) determine a timeline for how long it will take to complete the project.

There are a variety of “avoidable obstacles” to address during the due diligence phase before you begin the project, Stevens indicated. These include:

COMMERCIAL REAL ESTATE MARKET

MARKET See page 7

Gulf Star Marina opens new “smart marina” Gulf Star Marina, Southwest Florida’s first fully automated “smart marina,” is now open on Fort Myers Beach.

Developed by Carroll Properties, Gulf Star Marina is the first in the world to feature Austrian-based LTW’s stacker crane technology that delivers vessels from storage racks to the water within minutes. Boat owners can use an app to schedule their estimated arrival time, and a computer-operated system will safely transport boats from storage to the water using lifts and a rail system, similar to a high-tech vending machine. The automated storage and retrieval technology replaces forklifts traditionally used in dry dock storage marinas.

The 29,000-square-foot, multi-level marina is built inside a reinforced concrete structure offering superior protection from fire, wind and rain. It replaced an aging steel facility built in the 1970s.

“Since COVID-19, boat sales are on the rise and as a result, there is an increased demand for boat storage in Southwest Florida,” said Todd Carroll, owner of Carroll Properties. “Gulf Star Marina can accommodate boats and yachts up to 40 feet in length, and when you’re talking about a significant investment like that, you want to make sure they’re protected from the elements, especially during hurricane

Gulf Star Marina, Southwest Florida’s first fully automated “smart marina,” is now open on Fort Myers Beach. jacent to Doc Ford’s restaurant, Gulf season.”

In addition to secure dry storage, Star Marina began accepting reservaGulf Star Marina’s concierge services tions while under construction and aninclude boat fueling and cleaning, as ticipates reaching capacity in the comwell as access to the Captain’s Club ing months. Pricing is based on vessel that features a lounge, big-screen TV, size and availability. Monthly rates computer station and fully equipped start at $20 per foot with full concierge services. locker room with showers.

GCM Contracting Solutions of Fort Through the Boat Cloud app, boat owners can pre-order food, snacks, Myers was the project’s general condrinks and ice, and Gulf Star Marina tractor. MHK Architecture & Planning staff will have items ready to go upon of Naples provided design services.

Gulf Star Marina is located at Fishowners’ arrival.

Additionally, public access to the erman’s Wharf on Fort Myers Beach, marina includes a fueling station and near the foot of the Matanzas Pass Ship Store, which will offer drinks, Bridge on San Carlos Island. The marisnacks, clothing, fishing gear and boat- na can accommodate boats and yachts up to 40 feet and offers concierge sering accessories once completed.

Located at Fisherman’s Wharf, ad- vices like boat fueling and cleaning.

We Care About SWFL Commercial Realtors With dedicated space for informa�on: • On our website with a Commercial Real Estate sec�on & directory • In our quarterly Commercial RE Market pullout in both the print & digital versions of SWFBT • With zoned and full-run inserts • With guest column opportuni�es • With digital marke�ng op�ons

Seagate Development completes EmCyte HQ Seagate Development Group completed EmCyte Corporation’s 30,000-square-foot headquarters on 4331 Veronica S. Shoemaker Boulevard in Fort Myers. This comes as the medical device manufacturer and distributor experiences milestone-level growth, particularly in FDA 510(k) clearances of innovative product systems like those for platelet-rich plasma therapy.

Seagate started by remodeling just 11,314 square feet of EmCytepurchased space at this location.

Then, EmCyte gradually took over additional space once occupied by an indoor playground as well as a commercial transportation dealership.

The result is Seagate’s reconfiguration of the entire site for storage as well as reception and start-ofthe-art training areas, bathrooms, offices, a conference room and laboratory, an X-ray room and examination rooms, clinic treatment and manufacturing facilities, and an AV-equipped auditorium. Many of the amenities are accompanied by stain-resistant carpeting and modern lighting and fixtures. This complements a multitude of purposes and the evident technologically advanced space and who occupies it.

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Page 6

Southwest Florida BUSINESS TODAY ®

OCTOBER 2020

COMMERCIAL REAL ESTATE MARKET A look at commercial real estate trends & topics in Southwest Florida

Goodwill $0.99 store opens as Community Resource Center expands On Thursday, Oct. 15 at 9:30 a.m., a Grand ReOpening ceremony will be held at the Palm Beach Goodwill and Community Resource Center on Palm Beach Boulevard in Fort Myers. The community is invited to celebrate the emergence of a new concept store for Goodwill to help those in the economically depressed community, and the addition of expanded community services in the new and improved CRC. The new Goodwill $0.99 Store offers shoppers an entire inventory of merchandise for $0.99 per item (excluding low-cost furniture and new mattresses).

From clothing and linens to housewares and small

Don’t forget to post your in-person and virtual events on our B2B events calendar at www.swfloridabusinesstoday.com/calendar appliances, the store is set up like other Goodwill retail locations in Southwest Florida, just with a lower price point.

Goodwill is also expanding support services offered at the onsite CRC and has redesigned the center with a more modern atmosphere. Since the pandemic, Goodwill’s CRC coordinators have been busy helping with unemployment applications,

SNAP, Lee CARES applications and career services, including resume writing, online job search and digital learning – all free of charge. In addition to the Northstar Digital Literacy Skills Certificate program, they have added a vocational training platform that offers online training in a dozen fields of study that prepare learners for national certifications.

“Our priority, through these expanded program offerings, is to provide people with the skill sets and tools needed to be competitive and successful in the workplace,” said Fred Richards, vice president of Community Support Services for Goodwill SWFL.

Preferred Travel adds two new offices

Preferred Travel of Naples is ex- visors who provide worldwide travel panding and moving to two new lo- services to clients. The travel team cations. The Naples office, which has has grown to a staff of over 50 travel been located in the same location for advisors; they will now have the opthe past 15 years, will now be relo- tion of meeting with clients in both cating to the office building next door locations. on Pelican Bay Boulevard in Naples.

Since social distancing mandates A new office will be in the Vanderbilt and travel restrictions have occurred, Office Park in Bonita Springs. the team has been working remotely The announcement was made by to help clients rebook trips and plan Olga Placeres, president of Preferred for 2021 travel, as well as short stayTravel, from a vision that was made cations and close-to-home advenclear during the past six months of tures for 2020. The new office locasocial distancing. The leadership tions will allow for advisors to make team of Preferred Travel realized the appointments with their clients for need to better serve clients in South- one on one meetings with all safety west Florida by expanding their of- precautions followed. fices to two convenient locations.

“Although we can’t celebrate our Founded in 1984, Preferred Travel new offices right now, we will be Tombstone Oct.2020.pdf 9/17/20 open 12:20house PM of Naplesai160035965150_11006 presents a teamFL of knowlhaving a1 virtual for our edgeable and experienced travel ad- clients soon,” said Placeres.

Lake Michigan Credit Union Commercial Banking announces the following loans:

Loan Size .................. $1,600,000 Type of Loan............... Building Acquisition Loan Size .................. $1,500,000 Type of Loan............... Equipment Acquisition Business .................. Manufacturer

Learn more, contact: William Blevins Executive Vice President Commercial Lending West Florida Region (239) 314-0550 | William.Blevins@LMCU.org

7920 Summerlin Lakes Dr., Fort Myers, FL 33907 LMCU.org | NMLS ID# 442967

Infrastructure work has commenced at Crescent B Commons at Babcock Ranch, the new Publix-anchored 82,640-square-foot shopping center located at a new entrance to Babcock Ranch.

Infrastructure work commences at Babcock Ranch shopping center Infrastructure work is now underway at Crescent B Commons, the Publix-anchored 82,640-square-foot shopping center at a new entrance to Babcock Ranch being constructed about one mile south of the existing entrance on Babcock Ranch Road/State Road 31.

The 48,387-square-foot Publix will also feature a drive-thru pharmacy.

Crescent B Commons is currently 65% leased, with Publix Liquors, Encore Nails, Pi Pizza and M’xuma Tacos executing leases in the past 90 days. The shopping center contains 19,600 square feet of in-line space, as well as three available outparcels along Cypress Parkway totaling 14,653 square feet.

Kitson & Partners, the developer of Babcock Ranch, is seeing steady tenant demand in categories including restaurants, health care, pet care, financial services, and general daily needs, such as dry cleaners, pack and ship, and salons and spas.

Vertical construction of Crescent B Commons is slated to begin in the fourth quarter of this year, with a projected completion of summer 2021.

“As Babcock Ranch continues to grow, we are excited to offer our residents and neighbors in the area the convenience of a nearby Publix and additional services, shops, and multiple dining options,” said Tom Hoban, Kitson & Partners’ president and chief investment officer. “Crescent B Commons will align with Babcock Ranch’s distinctive style, with outdoor areas offering opportunities for shoppers to sit and enjoy the natural beauty of our area.”

Earlier this summer, Babcock Ranch was named to the RCLCO Real

Estate Advisors’ Top 50 list, ranking 39th among the country’s top-selling master-planned communities. Babcock Ranch’s RCLCO ranking was based on 230 mid-year sales reported from January to June. Babcock Ranch also is ranked as Southwest Florida’s top master-planned community based on Metrostudy data on single-family home annual starts in Charlotte, Lee and Collier counties.

Babcock Ranch was created by Kitson & Partners with respect for the natural environment and the philosophy that smart growth and sustainability work hand in hand. Half of the town’s 18,000-acre footprint is set aside as greenways, parks and expansive lakes, providing recreation and scenic backdrops for Babcock Ranch’s homes and the Founder’s Square downtown district.

Table & Tap restaurant, Slater’s Goods & Provisions, Square Scoops Coffee & Creamery, Curry Creek Outfitters, and Babcock Neighborhood School welcomed the greater community to Founder’s Square even before the arrival of the town’s first residents.

Founder’s Square is also home to Bloom Academy, offering infant care through VPK, and The Hatchery and Hive co-working classroom and meeting spaces.

A sprawling downtown park offers a lakefront bandshell, boardwalk, covered pavilions, and charging stations for electronics, including cars.

With plans to expand into On Demand services, goods delivery and hourly/ daily car rentals, Babcock Ranch will continue offering compelling mobility solutions that reduce the need for car ownership in the new town.

OCTOBER 2020

Southwest Florida BUSINESS TODAY ®

Page 7

COMMERCIAL REAL ESTATE MARKET A look at commercial real estate trends & topics in Southwest Florida

SALUTE TO ENTREPRENEURS Inn on Fifth offers “Peace & Quiet” remote worker packages

The Inn on Fifth in downtown Naples, Florida, is offering new “Peace & Quiet” packages for remote workers who need a break from their sometimes distracting, makeshift work-fromhome settings during the ongoing pandemic. Available through Oct. 29, the packages allow remote workers to utilize one of the hotel’s luxurious guest rooms as temporary “office space,” either just for the day (8 a.m. to 6 p.m.), overnight, or for a productive multiday retreat. Each package option includes a long list of perks and benefits, including complimentary Wi-Fi and valet parking, use of the rooftop pool and fitness center, and other amenities.

“The current downturn in travel has created a unique situation for us, with more midweek room availability than we would normally have this time of year,” said Phil McCabe, owner of The Inn on Fifth. “For remote workers, these new packages offer some peace and quiet from family, pets and other distractions at home, and should also help us fill hotel rooms during the work week.”

The Peace & Quiet package includes: • Standard Room equipped with a 6-foot worktable featuring four ports for charging electronics • Mini fridge stocked with bottled

For more business news, visit www.swfloridabusinesstoday.com waters (4) and fresh fruit daily • Poolside Food & Beverage credit • One (1) complimentary brainboosting, pick-me-up smoothie daily • Full use of rooftop pool and courtyard, and fitness center A look at commercial real • Complimentary valet parking and Wi-Fi • 24-hour concierge service • Room Service (11 a.m. – 8 p.m.)

All day-working guests can take advantage of the Inn on Fifth’s location in downtown Naples. “Need to take a break? Go to the pool for a quick swim or to soak up some sun, wander the shops of Fifth Avenue, or schedule a treatment at our spa,” suggested Cathy Christopher, Director of Sales and Marketing. “Or better yet, let our valet drive you a few blocks down for a stroll on our world-famous beach.”

For anyone concerned about their health, Christopher adds that the Inn on Fifth is taking extra measures to ensure a safe and enjoyable visit, with a new program of cleaning protocols and safety guidelines in every department designed to protect the health and well-being of guests and staff.

For more information on the “Peace & Quiet” package call (239) 403-8777.

1) unsuitable soils, 2) not enough parking, 3) change of use, 4) coderequired upgrades, 4) unrealistic time expectations and 5) unrealistic cost expectations.

For instance, he noted, “Change of use can be very expensive since it involves change of code.” To help in the preconstruction phase, Stevens shared, “We educate buyers, set realistic expectations, help move the process along, and even help close the deal in some trends cases, because most people estate & topics in don’t know which steps to take, how to do them and how to expedite them.”

chases constructed by both national and local builders—and the continued low-interest rates are helping, too.

Residential growth has been on fire!”

Simmons shared, “I don’t think we’re seeing new trends developing because of COVID-19—I think we’re actually seeing an acceleration of existing trends, as with the trend to work from home indicates.”

“Local limited supply is affecting pricing, driving it upward, especially in certain corridors (i.e. McGregor Boulevard in Fort Myers.) And as Greg said,” Simmons noted, “other homeowners are unlocking Southwest Floridaequity or re-financing, which creates more cash flow. We’re in good shape locally.”

Local trends/COVID-19 impact Participating in this panel discussion were: Matt Simmons, Principal, Maxwell Hendry & Simmons; Greg Blurton, Vice President, Edison National Bank; Brandon Hall, Executive Vice President, Midland Trust.

“Residential has seen explosive growth,” Simmons commented, “and this has been fueled by seasonal purchases, as well as organic demand.”

He noted that COVID-19 has contributed to the growth of site-unseen purchases by people who are simply saying, “Hey, I’ve had enough!”

Blurton added, “We’re also seeing increased residential demand because of what’s being called ‘city flight.’

There’s a high volume of home pur-

What lies ahead?

Hall: “Think of your money as being in three bags: one is cash, one is social security and one is your retirement funds. Think of the third bag as money for investment. That’s where companies in our field come in—to help you maximize your return on the third bag. And start thinking about doing that now.”

Blurton: “Right now stabilization is more of the goal. Businesses that have adapted are doing better and have or will have opportunities as we move forward.”

Simmons: “Get your ducks in a row and be prepared for opportunities—not a class of opportunities, but on an individual basis. Keep your eyes open!”

MARKET PAGE 5

COMMERCIAL REAL ESTATE MARKET

Mercola adds solar panels to HQ Headquartered in Cape Coral, natural health company Mercola recently completed a six-month-long project of installing 529 solar panels to its new rooftop.

Installed by commercial solar contractor Advanced Green Technologies, these new panels will provide 210kw of energy, providing half of Mercola’s overall energy needs. The company is now one the largest in Cape Coral that’s powered by solar energy.

“Cape Coral is the perfect location for investing in solar power, as solar technology has become more affordable and efficient each year,” said Steve Rye, CEO of Mercola. “Now that we’ve fully utilized our rooftop

SWFBT SellS!

space, we’re going to build carports in the parking lot to provide some shade and protection for our employees’ vehicles while also generating enough power that will get us to 100% of our energy requirements.”

Mercola’s solar carport will be finished by the end of this year.

Mercola is a natural health website that’s dedicated to helping nearly ten million monthly readers improve their health with research-proven nutritional, lifestyle and exercise principles.

Using a holistic approach for optimal health and wellness, Dr. Joseph Mercola has been a trusted source of natural health information for more than 20 years.

You Have ONE Opportunity to Sell Your Business

FORT MYERS sale opportunities GATOR LANES and TER-TINI'S

$2,800,000 | 7050 Crystal Drive, Fort Myers, FL 33907

Established bowling alley and event center business has been owned and operated by current owner for 41 years. This is a very profitable business. Owner may consider a sale/lease-back for 3 years maximum if buyer would consider redevelopment of the 2.25± acre parcel.

PROMINENT COMMERCIAL SITE

$2,187,000 | Six Mile Cypress Pkwy. & Plantation Dr., Fort Myers, FL

Amy Rouskey Manager The Letter Box Cape Coral

“Our first ad in the first issue of Southwest Florida BUSINESS TODAY landed us a sale that more than paid for the price of the ad campaign, and is delivered directly to our target market.

Thank you, SWFBT!” We’re ALL Business

Eric Gall MBA, CM&AP, CBI, ABI Eric@EdisonBA.com 239.738.6227

Steven Niehaus MBA, CBI Steve@EdisonBA.com 239.565.3171

2± acres at the hard corner of Six Mile Cypress Pkwy. and Plantation Dr. near the Minnesota Twins Spring Training stadium. It is adjacent to the new Hope Preserve, a 46-acre commercial development with an assisted living center that is open and operational. Ingress will be from both roads.

Michael Pfeffer MBA, CBA, BCI Mike@EdisonBA.com 239.877.9911

Ryan Baldwin MPA Ryan@EdisonBA.com 815.219.5492

HIGHEST CREDENTIALED & MOST AWARDED Business Brokerage Firm in Southwest Florida Since 2014

www.EdisonBA.com

Randy Krise, CCIM

Commercial Real Estate Broker Cell: 239.633.8672 Email: Randy@KriseCG.com www.KriseCG.com w w w

.KriseCG.Com

Page 8

Southwest Florida BUSINESS TODAY ®

OCTOBER 2020

COMMERCIAL REAL ESTATE MARKET A look at commercial real estate trends & topics in Southwest Florida

Choose the right commercial professional for you MARYANN MIZE, CCIM

CARLOS ACOSTA, CCIM

Lee, Collier & Charlotte Counties

Lee, Charlotte, Collier & Sarasota Counties Managing Principal/Qualifying Broker.

Specializing in acquisitions and disposition of retail, office, industrial, land and investment sales.

5-time CoStar Powerbroker.

• • • • •

CRES of SWFL 239-823-0115

cacosta@ccim.net www.cresswfl.com

RETAIL OFFICE INDUSTRIAL LAND INVESTMENT SALES & LEASING

BOB WHITE, CCIM Lee, Collier & Charlotte Counties Active Southwest Florida Commercial broker for over 25 years. Specializing in industrial, office and investment properties.

Past president SWFL CCIM and REIS.

• • • •

BOB WHITE, INC. 239-850-2217

bob@bobwhiteinc.com

INDUSTRIAL OFFICE LEASE OR SALE INVESTMENT

CCIM

If you are a CCIM-SWFL Chapter member, as a benefit, you are eligible to participate in this section.

Contact 2020 CCIM-SWFL President Janet Davis for details at jdavis@midlandira.com 2019 CCIM-SWFL President Ron Struthers says: “This ad got me listings. It works!”

JACK MARTIN, CCIM Lee, Collier, Charlotte & Hendry Counties

30 years of experience in Florida real estate with 20 years in Southwest Florida. Servicing in all facets of commercial real estate, both sales and leasing, and specializing in shopping plazas and strip centers.

CENTURY 21 COMMERCIAL • COMMERCIAL • MULTI-FAMILY SELLING PARADISE

• MEDICAL OFFICE • GENERAL OFFICE • VACANT LAND

239-707-9015 jackmartin@ccim.net www.jackmartincre.c21.com

BEV LARSON, CCIM

Lee, Collier, Charlotte, Hendry & Glades Counties Larson has over 39 years of diversified experience in the SWFL market. She is a Certified International Property Specialist.

2018 Florida CCIM Chapter Southwest District President.

LAHAINA REALTY 239-281-1290 bev1314@aol.com

• • • • • •

COMMERCIAL INVESTMENT RETAIL OFFICE LAND-ACREAGE DEVELOPMENT

Senior Vice President and Senior Credit Officer. More than 30 years of commercial lending experience.

CCIM Senior Instructor and 2019 Florida CCIM Chapter Southwest District Treasurer.

Why use a CCIM?

There are countless benefits to working with a CCIM. Commercial real estate investment requires the counsel of a qualified professional.

A Certified Commercial Investment Member provides clients with the assurance that every decision will be made in the best interest of their investment objectives.

When assembling a commercial real estate investment team, start with a CCIM.

941-624-1916 mmize@csbtfl.com www.charlottestatebankandtrust.com

The Benefits of Being a CCIM! “CCIM members can rely on CCIM as a single source for diverse solu�ons. The first one on that list is EDUCATION. Designees can take advantage of the ongoing opportuni�es so crucial to success for your clients in the commercial real estate field today, with the ‘Life A�er the Pin’ learning program.

CCIM also offers its members many NETWORKING opportuni�es that may be of educa�onal benefit as well, offering more than just a mere social experience.

These networking events also may provide the founda�on for building long-las�ng RELATIONSHIPS with fellow CCIMs who become invaluable RESOURCES for life.”

- Adam Palmer, 2018 Florida CCIM Chapter President

CREDIBILITY

CCIM is the most prestigious designation commercial real estate professionals can achieve within the industry. Graduate-level education, coupled with industry-leading technology tools, practical proven experience, and in­-depth knowledge of their local markets, gives CCIMs the ability and the credibility to conduct business confidently and successfully. By partnering with a CCIM, you effectively utilize the top-level, most reliable performers in the industry: with an average of 19 years of experience, 70% of CCIM members hold executive-level positions and 90% of members refer clients to other business services. When you use a CCIM, you choose the most credible professional in the business.

ENN LUTHRINGER, CCIM Lee, Collier & Charlotte Counties A partner with CRE Consultants and 15-year commercial real estate veteran, he specializes in the medical and professional office market.

COMMUNITY

Today there are CCIMs in every state, across Canada and Mexico, and in more than 30 countries around the world. Domestically, the network encompasses more than 1,000 markets, from large metropolitan areas to small cities and towns. A truly global network, CCIMs are a powerful force in markets large and small. When you use a CCIM, you choose a trusted community of real estate professionals that are consistently sought for their dependability, intelligence, success and confidence.

CRE CONSULTANTS

239-994-3703 enn.luthringer@creconsultants.com www.creconsultants.com

INTEGRITY

CCIM designees are bound to the strictest ethical guidelines and standards of practice in the industry today. In addition, each CCIM has successfully completed a graduate level program comprised of 160 hours of education. If you ask around the industry, you’ll learn that companies and other real estate professionals are more likely to seek out experts who possess the CCIM designation, as they know CCIM stands for trust, knowledge and reliability. When you use a CCIM, you choose experts with integrity.

MEASUREMENT

Overall, CCIM’s global network enables members to close thousands of transactions annually, representing more than $200 billion in value. But closing transactions is only part of what CCIMs can do. In addition to holding deal­ making occupations in every property sector, CCIMs are also found in’ leasing, asset management, development, lending, financing, property management, site selection and corporate real estate positions. So, whatever assistance your real estate project requires, a CCIM can help you achieve a better result. In fact, only 6 percent of all commercial real estate practitioners hold the elite CCIM designation, which reflects not only the caliber of the program, but why it is one of the most respected designations in the industry.

When you use a CCIM, you choose a professional who produces measurable results.

The CCIM designation is conferred by the Chicagobased CCIM Institute, a commercial real estate affiliate of the National Association of REALTORS. Learn more about the value of working with a CCIM.

• FINANCING OF COMMERCIAL REAL ESTATE

CHARLOTTE STATE BANK & TRUST

• COMMERCIAL • OFFICE • INVESTMENT

RON WELEBNY, CCIM

Lee, Collier, Charlotte, Hendry & DeSoto Counties

Qualifying Broker / Managing Director Licensed Real Estate Instructor Director Royal Palm Coast Realtor Association Director, CCIM-SWFL District Past President Commercial Investment Professionals of Southwest Florida Past President SWFL Commercial Alliance Vice-Chair Laguna Estates CDD

COMMERCIAL REALTY ASSOCIATES of SWFL 239-677-2381 Ron@CRA.us www.CRA.us

• • • •

BROKERS ANALYSTS ADVISORS CONSULTANTS

RANDY KRISE, CCIM Lee, Collier & Charlotte Counties Broker/owner of Krise Commercial Group and 2016 Florida CCIM Regional Vice President and Institute Board Member.

KRISE COMMERCIAL GROUP 239-633-8672 randy@krisecg.com www.krisecg.com

• • • • •

COMMERCIAL VACANT LAND INVESTMENT RETAIL INDUSTRIAL

®

OCTOBER 2020

Southwest Florida BUSINESS TODAY ®

Page 9

COMMERCIAL REAL ESTATE MARKET A look at commercial real estate trends & topics in Southwest Florida

Choose the right commercial professional for you ADAM PALMER, CCIM

FRED KERMANI, CCIM, AIA

Fort Myers, Naples, Sarasota, Tampa & Orlando

Collier, Lee & Charlotte Counties Partner, licensed real estate broker and architect in Florida & California with 36 years of real estate and design experience.

Specializes in land marketing and investment properties.

COMMERCIAL REAL ESTATE MARKET

• LAND • INVESTMENT

CRE CONSULTANTS

239-659-4960 fred.kermani@creconsultants.com www.creconsultants.com/fredkermani

• GAS STATIONS • RESTAURANTS

DAVE WALLACE, CRE Consultants

Lee, Collier & Charlotte Counties 40+ years of retail, distribution, and warehouse management experience. 20+ years of commercial real estate investmentexperience.

Specializing in first-time CRE investment advising and deal representation.

LEE & ASSOCIATES

INVESTMENT SALES & LEASING OFFICE INDUSTRIAL MULTI-FAMILY URBAN MIXED-USE

ERIC DEYOUNG, CCIM Charlotte & Sarasota Counties Vice President of Commercial Lending with more than 14 years experience. Graduate of University of Florida, MBA at FGCU. Active volunteer and community leader.

CHARLOTTE STATE BANK & TRUST

• FINANCING • COMMERCIAL

941-223-3179 edeyoung@csbtfl.com www.charlottestatebankandtrust.com

Lee, Collier, Charlotte, Polk & Hillsborough Counties

Licensed Real Estate Broker in Florida with 15 years experience in residential and commercial real estate.

239-738-9600 MCyrus@ccim.net www.CyrusRealtor.com

• OFFICE BUILDINGS • SHOPPING CENTERS • MEDICAL OFFICES • MULTI-FAMILY • RESIDENTIAL

RON STRUTHERS, CCIM

Punta Gorda, Port Charlotte, North Port, Venice, N. Fort Myers & Pinellas Park Specializes in all facets of commercial brokerage and leasing in Charlotte County area. 2019 CCIM Florida Chapter Southwest District President.

COLDWELL BANKER COMMERCIAL NRT 941-769-3316 rstruthers@ccim.net www.commercialrealtyfl.com

• • • • •

In the early 90’s our motto in the Southwest Florida commercial real estate business was “Stay Alive Until ’95:” I had to consider several serious questions if I was to continue.

The overriding question was, “What can I do to improve my chances of success in commercial real estate sales and investment?” I was convinced achieving the CCIM designation provided me with a solid start for accelerating my career growth because it would 1) help me become known as one of the “Best of the Best” in my chosen profession, 2) give me the educational foundation from which I could build both my career and income, and 3) become an investment in myself that would continue to give me a return over the duration of my career.

Since then, I have come to realize the CCIM designation gives you not only that but so much more. The knowledge, tools and relationships that naturally come from being a committed CCIM provides you with the confidence for success for a lifetime.

LANDQWEST COMMERCIAL

INVESTMENT RETAIL OFFICE INDUSTRIAL LEASING

adam@adampalmer.com www.adampalmer.com

OFFICE INVESTMENT LAND RETAIL INDUSTRIAL

DAVE WALLACE, CCIM, SIOR Collier County

An office, industrial and investment property specialist with more than 30 years of commercial real estate experience in successfully assisting clients with acquisitions, dispositions and leasing.

CRE CONSULTANTS

Naples Office 239-649-7755 dave.wallace@creconsultants.com

GERALD HENDRY, MAI, Maxwell Hendry & Simmons Appraisers

To be honest, 15 years ago when I obtained my CCIM designation, I thought it would be cool to have a few more letters after my name. However, being in the valuation industry and not a practicing real estate agent, I wondered if there was any true benefit to me? Oh how my thinking has changed…

This group has taught me the value of networking, effective leadership, and has afforded me a strong core group of friends in the industry. My CCIM friends are always available with a simple phone call or text.

So, it’s still cool to see those four letters after my name, but I am grateful for the friendships and opportunities CCIM has afforded me, my firm, and my family.

ERIC DEYOUNG, Charlotte State Bank

MOHSEN CYRUS, CCIM

CYRUS INTERNATIONAL REALTY CORP

• • • • •

A look at commercial real estate trends & topics in Southwest Florida 239-898-8686

JEFF FORSYTHE, CCIM

• • • • 239-210-7611 jforsythe@lee-associates.com • • www.lee-fl.com

What does having the CCIM designation mean to me?

Principal & Managing Director LandQwest Commercial, President - Florida CCIM Chapter, 12-time CoStar Power Broker Award Winner

Earning my Certified Commercial Investment Member designation in 2018 was a career milestone that has benefited both my clients and my business. Many of my clients realize and appreciate the competencies and rigor involved with obtaining the CCIM designation.

While many associate the CCIM designation with the commercial realtor community, a growing segment of the CCIM Institute includes lenders and appraisers among designees.

Commercial Realtors appreciate the benefits of referring business to and working with a lender that has a proven track record of core competencies demonstrated by the CCIM designation.

From a knowledge perspective, I reaped the many benefits of the comprehensive CCIM education process.

I learned more about everything in the buy-sell process, ranging from interest-based negotiations, to investment analysis, to commercial investment real estate ethics, making me a more competent and well-rounded professional.

After adding CCIM to my name, I quickly came to understand how CCIMs are sought out as experts, each carrying a reputation for trust, knowledge, reliability, hard work and ethical business practices. My referrals rose, my business grew and I was able to get more deals done in less time.

OFFICE INDUSTRIAL SALES & LEASES INVESTMENT

CCIM

If you are a CCIM-SWFL Chapter member, as a benefit, you are eligible to participate in this section.

Contact 2020 CCIM-SWFL President Janet Davis for details at jdavis@midlandira.com 2019 CCIM-SWFL President Ron Struthers says: “This ad got me listings. It works!”

MICHAEL J. FRYE, CCIM

Lee, Collier & Charlotte Counties Recipient of the RE/MAX Lifetime Achievement and Hall of Fame Award. Serving the SWFL market for over 30 years. We have 7 CCIMs to serve all our clients’ needs.

RE/MAX REALTY GROUP 239-281-0441 mfrye@ccim.net www.michaeljfrye.com

• OFFICE • RETAIL • INDUSTRIAL • LAND

THERESA BLAUCH-MITCHELL, CCIM

Lee, Collier, Charlotte & Sarasota Counties SWFL CCIM Past President, Florida CCIM Membership Chair, CCIM International Committee.

Hablo Español.

ENN LUTHRINGER, CRE Consultants

CCIM is a network of professionals that is bigger than any single corporation, company or flag in the commercial real estate industry. Too many times commercial agents believe that being associated with a large company will give them business, recognition or credibility. That little pin is recognized around the world as identifying the person wearing it as a professional who speaks a language that is recognized on a universal basis.

• • • •

SPERRY COMMERCIAL GLOBAL AFFILIATES 239-265-2628 theresa@ccim.net www.sperrycga.com

• INVESTMENT • RETAIL • OFFICE • INDUSTRIAL

Page 10

Southwest Florida BUSINESS TODAY ®

OCTOBER 2020

COMMERCIAL REAL ESTATE MARKET A look at commercial real estate trends & topics in Southwest Florida

Are destination workplaces the future of office spaces?

Fitness centers. Meditation rooms. Pool tables.

Only a decade ago, office amenities like these were nearly unheard of, only offered at the most progressive tech companies. Today, unique services and experiential offerings like these have become the norm at many workplaces. Employers who want to remain relevant and attract top talent are taking notice and adapting their workplace designs to incorporate more employee amenities.

COVID-19 taught us that “going to work” doesn’t necessarily mean traveling to a traditional office building. As a result, employers are searching for ways to motivate staff to gather together and connect with each other and their organization. Amenities like team brainstorming hubs, walking paths and relaxation areas provide both an atmosphere for collaboration as well as an inviting environment.

“For several years now, we’ve been seeing retailers expand into this experiential space, and this includes experience-based businesses that have developed in our area,” explains Shawn Stoneburner of Cushman & Wakefield Commercial Property Southwest Florida.

“Now, employers are taking that cue and are trying to provide unique experiences at the office. As companies reassess their space needs for the post-COVID future, employee amenities need to be part of the total equation.”

Many companies have the luxury of planning these perks from the ground up. NeoGenomics’ new headquarters in Lee County, for example, will consist of a three-story office building, a two-story laboratory building, and other support structures totaling 150,000 square feet. Also included in the design are a courtyard, an outdoor dining area, a fitness path, cafes on every floor, and teaming spaces to encourage collaboration.

However, creating a great workplace experience

can be challenging. With five generations now in the American workforce, employees have widely varying tastes and expectations.

Employee insights are essential to determine appropriate amenities.

Workers need to share their needs, wants, preferences, and current challenges, so employers can create meaningful experiences. After surveying employees, employers nationwide have started offering

BY GARY out-of-the-box amenities like perTASMAN sonal errand-running and on-site Guest Columnist childcare facilities.

Amenities should also mesh with an organization’s corporate culture. For example, many companies have made employee wellness a strategic priority. Those organizations can provide fitness centers or walking paths to aid in physical well-being, and relaxation areas or meditation rooms to promote emotional wellbeing.

“A great example in our area is Scottlynn USA, who is focusing on health and wellness as it builds a new headquarters,” says Stoneburner. “Their plans include a walking path, fitness centers, and even a basketball court on premises. And they’re still adapting. When the coronavirus pandemic started, they improved their plans to add a new air filtration system.”

Creating a creative and inviting living space was vital in the design process for Seagate Development Group, the developer for both Scotlynn and Neogenomics, whose new headquarters opened earlier this year. “Seagate paid attention to aesthetics to help promote creativity in its team,” says Stoneburner. “In addition to amenities like coffee bars, lounge areas, and

Best Commercial Lot Values in Southwest Florida 25335 Rampart Blvd Port Charlotte 33983

4214 Duncan Road (Hwy. 17) Punta Gorda 33982

Price: $995,000 Size: 4.30 AC Description: Medical Office Space. Deep Creek has several ALF communities, private and public. Major Rehabilitation Center adjacent to this site.

Two major hospitals within 10 minutes of site.

East border of the property is a large Housing Complex with future zoning of commercial in front. Plans available for 7 buildings, each 5,000 sq. ft.

Price: $795,000 Size: 6.84 AC Description: 2 lots, 1 - 5.3 Acre Parcel and 1 - 1.5 acre parcel, 6.8 Acres, environmentals done. Just East of I-75. Zoned Industrial, Retail, Commercial General, No Residential or Mixed Use, 6.84 Acres at Washington Loop. Over 150 sq. ft. Road Frontage on Duncan. Phase I reports available, survey also available. Future land use is Commercial Corridor.

Marion Ave Punta Gorda 33950

For more information contact:

Jeanette Igoe Broker Igoe Realty P.A.

Price: $399,000 Size: 2.70 AC Description: Zoned Low Intensity Industrial. 2 parcels, one approximately .25 Acres, the other 2.7.

Perfect for Warehouse, Storage Facilities, Truck or Auto Terminal Hub, close to Hwy 17 and I-75 exit. Railroad meets rear of property.

I-75 Interchange currently projected to cross eastern portion of property, high visibility once completed.

ABR, CIPS, CPRES, CRS, e-PRO, GRI, GREEN, SFR, TRC

jigoe5@aol.com 239-572-3269

www.facebook.com/IgoeRealty/

Don’t forget to post your in-person and virtual events on our B2B events calendar at www.swfloridabusinesstoday.com/calendar collaborative workspaces, they also made the facility warm and inviting with an outdoor balcony and floorto-ceiling windows.”

The professionals at Cushman & Wakefield Commercial Property Southwest Florida want to be your go-to team as you reconsider the workplace needs of your company and your employees. If you own a commercial property, this is the perfect time to sell, as there are qualified buyers ready to make a move into a facility that better suits their needs.

Cushman & Wakefield Commercial Property Southwest Florida’s professionals combine their local commercial real estate knowledge and experience with a data-driven, evidence-based approach to create powerful insights and empower your decision making.

When it’s time to sell, Cushman & Wakefield’s process is designed to get clients the best possible sales price in the shortest amount of time.

The team at Cushman & Wakefield is equipped with the passion, knowledge, creativity, data and inventory to help businesses become better as we all adapt to our new reality. Cushman & Wakefield Commercial Property Southwest Florida wants to help you develop a plan that best fits your needs. Reach us at www.cpswfl.com/time-to-sell.

Gary Tasman is the Founder of Cushman & Wakefield Commercial Property Southwest Florida and serves as its CEO/Principal Broker. For more information, contact your Southwest Florida leading commercial brokerage team, at timetosell@cpswfl.com or (239) 829-5400.

New Kava Bar offers culture experience in Central Naples If they say home is where the heart is, this new Kava Culture location is ready to make its nest.

Bursting with nearly 3,000 years of culture in the Pacific Islands, kava has brought people together for centuries.

Derived from the root of the Piper Methysticum plant, which means “enchanting pepper,” kava is the national drink of the Pacific Islands.

For Caroline and Jacqueline Rushner, the female owners and entrepreneurs of Kava Culture, this plant offers more than a healthy drink; it boasts a deeper connection.

“For years, tribal groups have used kava to achieve a higher level of consciousness throughout history,” Caroline said. “To me, it’s not just about opening another kava bar - it’s about continuing to bring the entire SWFL community a better choice in their health and an opportunity to connect with other people.”

Along with kava, Kava Culture will offer Elixir, Kombucha and CBD essentials. Elixir, similar to Kava, is a tea leaf from Southeast

Asia with deep roots in Chinese and South Asian medicine.

The new Naples location will host live music and live art demonstrations. In addition, Kava Culture will offer another form of social vibrancy through its unique hours.

7 a.m. to 4 a.m. offers a new “late night” to the Naples bar scene, one healthier and conscious minded.

“This is so different from anything people are accustomed to, especially in Naples,” Jacqueline said. “We get so focused on our limited knowledge of the area around us that we often forget to stop and really enjoy the moments when and where we spend connecting with others. That’s what I really want people to experience when they come in.”

The bar is open to anyone 18 or older and will host specials like “Hospitality Happy Hour” and “Tuesday Night Talks,” where artists, entrepreneurs and independent thinkers are encouraged to share ideas and services.

For more information, visit www.kavaculture.com. Bula!

Burlington opens new location in Fort Myers Burlington Stores, the national offprice retailer, opened a new store in Fort Myers.

Burlington offers merchandise including ladies’ apparel, menswear, children’s clothing, family footwear, everything for baby, accessories, home décor items and gifts.

The grand opening was held at Gulf Coast Town Center on Sept. 18, and the stores hours will be Monday through Sunday 9 a.m. to 9 p.m.

Interested candidates for employment can learn more about joining the team at www.BurlingtonStores.jobs.

OCTOBER 2020

Southwest Florida BUSINESS TODAY ®

Page 11

COMMERCIAL REAL ESTATE MARKET A look at commercial real estate trends & topics in Southwest Florida

SALUTE TO ENTREPRENEURS Luxury auto condos forging new trend in storage

Luxury storage condos have sprouted all over Southwest Florida as people seek out air-conditioned spaces to park their sports cars, antique roadsters, recreational vehicles and boats.

This trend is likely to continue as sales of luxury vehicles have boomed lately because people seek ways to entertain themselves while socially distancing. Fact is, most owners don’t want to park their expensive luxury vehicles under a tree or in a hot dusty garage.

However, choices are limited: Most auto storage facilities in Southwest Florida are located inside industrial parks far from where people live and many of them are already full. look at commercial real estate trends & topics Industrial parks are generally tucked awayAnear the interstate and less desirable neighborhoods.

Now there’s a new trend of sophisticated auto-storage condos closer to upscale neighborhoods, says Biagio Bernardo, senior vice president with Lee & Associates in Naples. These buildings are located on fashionable corridors near well-es- Bonita Breeze consists of 25 luxury storage units. tablished residential areas with architecture that blends easily tory price of $289,000. One popular strategy is to buy them with nearby shops and restaurants.

A prime example of this new trend is Bonita Breeze Lux- as part of a tax-deferment strategy called a 1031 exchange ury Auto Condos, now under construction on Bonita Beach and lease them out. “Condo rules don’t prohibit the leasing of Road just west of U.S. 41 in Bonita Springs. “The demand for these units, but there are rules to maintain the integrity,” says that type of product and quality type of building is there,” says Dublois.

A condo association will govern the complex to make sure Biagio. “What differentiates this one is the quality construcit adheres to luxury standards. “For instance, you can’t run a tion.” business or live in there,” says Dublois.

Bonita Breeze, located on Bonita Beach Road, consists of The Bonita Breeze land acquisition was costly and time25 luxury storage units each measuring 860 to 890 square feet consuming because Dublois and his team spent nearly two in four buildings designed to withstand hurricanes that blend years to design it so it conforms with the strict development easily into the area with glass, shutters and other upscale arguidelines established by the City of Bonita Springs. A carchitectural details. Each unit has air conditioning, insulated wash stood on the 1.7-acre site previously and it was torn walls, internet and cable TV access, and a high-tech security down to make way for Bonita Breeze. “To get the most presystem that connects to a smart phone. Owners can customize mium location, we had to buy a premiere site with an operattheir units with a bathroom and a mezzanine floor. ing business,” Dublois notes.

Bonita Breeze condos may be particularly appealing to Despite the challenges, Dublois is scouting sites for a fuowners of antique and exotic sports cars, creating a culture of ture project. “We would love to do another one,” says Dublois. common interests among the condo owners. Indeed, a Ferrari “As soon as this one is completed this fall and the momentum dealership is now under construction in nearby North Naples. builds, we will be on the search to replicate this.”

“It is very rare for Ferrari to open a new dealership anywhere so that speaks volumes about the area,” says Edward Dublois, a longtime Naples commercial real estate investor and devel- For more information about Bonita Breeze Luxury Auto Condos, please contact Biagio Bernardo at (239) 230-2184 or oper who is lead development partner for the project.

Bonita Breeze units are sold as condos for the introduc- email bbernardo@lee-associates.com.

EHC continues with development of Crest EHC, a construction company that provides pre-construction, announced completion of site development milestones at Crest at Bonita Springs and continual progression of development. The Crest at Bonita Springs is an apartment community that will consist of 264 units in six three-story buildings on 21 acres with client The Residential Group.

TRG, an Atlanta-based multifamily investment, development, conSouthwest Florida struction and management company, awarded EHC the multimillion-dollar development project. EHC is providing lake excavation, erosion control, clearing, parking lots, subgrade base, asphalt, striping, traffic signs, concrete curbs and sidewalks, underground storm drainage, sanitary sewer, water and fire, and final grade for the community.

According to TRG, EHC has completed all underground utility work, two man-made lakes, and 95% of the site’s grading as well as the first phase of asphalt. Next is Phase 2 of final asphalt while EHC completes the remaining portion of grading at the East exit road tying into Quails Nest Lane. EHC is also providing Crest at Bonita Springs with sidewalks and concrete steps around the community to tie the buildings together. The site construction company has completed 70% of the sidewalks and continues to monitor erosion control measures for maintenance around property line and preserve areas.

The Bonita Springs property is between Naples and Fort Myers employment centers, and has easy access to Interstate-75.

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Contact me for all your Commercial Real Estate & Development needs.

239.849.0012 Jessica@DevelopmentRealty.Org

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LARRY STEINBORN, Broker SAND DOLLAR REAL ESTATE BUSINESS DEPOT BizDepot@aol.com 6309 Corporate Ct. #205, Fort Myers, FL 33919

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Page 12

Southwest Florida BUSINESS TODAY ®

OCTOBER 2020

COMMERCIAL REAL ESTATE MARKET A look at commercial real estate trends & topics in Southwest Florida

How to rent a small warehouse for business or personal needs If you are looking for a small warehouse space for your business, we can help you with some tips and information to get you started. These important factors should be considered before, during and after leasing a space.

Determine Your Use There are many reasons people are looking for warehouse space. It could be for a business or even for personal needs, such as storage. When looking for a small warehouse space have a clear and concise idea of how you will utilize the space. Do you have an e-commerce business, a welding shop or furniture business? It is important to determine how you are going to use the space to figure out what you will need to pick the appropriate space.

Location, Location, Location When choosing where to lease a small warehouse space, you will want to keep in mind your location. Where are you interested in leasing a space?

Do you want to be close to any of your other business locations? Should your business be close to major roads, highways for transport, or the airport?

Would it be advantageous for your store to be on a busy street or a remote location? Do you want to be nearby other related industrial warehouse facilities so you can collaborate on projects and create business opportunities? Determine where the best location will be for your needs. You will also want to check in with the local zoning department to ensure your business will be allowed in a specific location.

Make the Call and Research Thus far, you have gathered some basic infor-

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mation about what you need in terms of a small warehouse space. You can find warehouse spaces online or you may come across spaces for lease while driving in your community.

Now it is time to make the call.

If you have any inquiries, do not hesitate to call when you research and view listings. In particular, you will want to know the minimum lease term

BY STEPHANIE and the type of lease for the MARTINEZ space (modified gross, triple Guest Columnist net, etc.). You can also ask what is required for your lease, which can include the first month’s rent, last month’s rent and/or a security deposit.

Sunizo Superior Realty Management has extensive experience in the commercial real estate sector. If you are interested in space or are just researching some options, we can help determine if any of our available warehouse spaces fit your needs.

Apply for the Small Warehouse Space Now that you have found a space that fits your needs, it is time to apply. The landowner, commercial property management company or other business entity will want to gather some information about how you intend to use the space and may ask for basic and additional information about you or the business. When applying ensure your information is accurate and correct to ensure a smooth process. Some companies may also require background checks and income verification.

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Review Your Lease If your application has been approved, a physical or electronic lease will be sent to you. It is important to read through the entire lease and understand your commitment to the lease. If you have any questions, ask the appropriate contact to clarify the information.

If you have a lawyer or legal team, you may want them to review the lease.

Sign and Gather All Necessary Documents If you are satisfied with the conditions and are ready to take the next step, sign the documents.

Many companies may require insurance as well.

Move In Congratulations! You are now leasing a small warehouse space for either your business or personal needs. If it is managed by a commercial property management company, make sure to get the contact information of your property manager. You may have to switch certain utilities into your name or your business name. You have reached the final step. You will want to take note of when your lease expires. When the term completes you can then determine if you want to renew your lease.

Stephanie Martinez is the Marketing Coordinator for Sunizo Superior Realty Management, a commercial property management company. Sunizo is an industry expert in commercial real estate in the Southwest Florida community. Contact her at stephanie@sunizo.com or (239) 694-6878.

DeRomo’s restaurant provides CDC-compliant event space In the midst of continued social distancing and increased health standards, DeRomo’s has adapted private dining and catering options to meet the growing demand for CDC-compliant, safe, comfortable spaces for small gatherings and events.

The Bonita Springs destination can customize the following, according to customers’ preferences: • The traditional banquet room has space for up to 50 people, instead of the usual 120. The catering team can create tailored ambiance and surroundings, including music and a customized menu, to make all the difference in the experience customers design.

• The private dining room has space for up to 15 guests (previously

DeRomo’s has adapted private dining and catering options to meet the growing demand for CDC-compliant, safe, comfortable spaces for small gatherings and events.

30), creating an intimate, secluded experience inside the main dining area.

• DeRomo’s off-premise catering is an option for those who already have a space but need to have the party brought to them.

In an effort to give back, DeRomo’s is currently waiving all room rental fees to help offset expenses and make it easier for customers to bring together a group for a unique and quaint gathering.

“Celebrations, business meetings and holidays are still happening, even in the midst of the coronavirus era,” said Nicole Panio, marketing and public relations coordinator at the Promenade. “With the continued measures being taken by all to ensure the health and safety of everyone, we understand the need for adjustments to our regular practices, so that our guests can confidently come together with the DeRomo’s signature dishes that everyone loves, in a space they trust. DeRomo’s truly is the vendor that caters to all.”

Take the shot now to sell your business If you own an established business and are considering selling, now is an excellent time.

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OCTOBER 2020

Southwest Florida BUSINESS TODAY ®

Page 13

SALUTE TO ENTREPRENEURS Private jet company thrives as flying evolves COVID-19 slowed many industries. Thankfully, retail stores, restaurants, health care, hospitality and other sectors are finally starting to turn the corner.

The pandemic didn’t just slow the travel industry, though. COVID-19 may have altered travel as we know it.

Flying commercial possibly has lost its luster. Airlines have cut routes and increased connection times, making it a challenge to book trips. Travelers leery of crowds still have to endure security lines and congested terminals, and then squeeze into an airplane with 150 or more fellow passengers. It’s a risk many travelers don’t want to take, and as a result, legacy airlines have furloughed or laid off thousands of workers.

Air travel isn’t dead, though. It simply has evolved.

People still want to see their families, attend conferences and business meetings, and take vacations and romantic getaways. They still want to fly. Maybe just not commercially— not right now.

Naples-based Elite Jets Charters conducted its own industry research as the pandemic’s impact on commercial air travel was becoming apparent. The company’s leadership team believed travelers who previously flew commercially in first class would turn toward private charters as a safe, efficient alternative. To accommodate this predicted surge in demand and meet the needs of travelers flying to and from Southwest Florida, Elite Jets launched a national search for experienced pilots. The locally owned company added a half dozen captains and first officers in its first hiring wave and a second round of hires has brought additional pilots to the team, bringing the total number of employees to 35.

With a larger team capable of flying additional routes per week, Elite Jets began reaching out to affluent business and leisure travelers in Southwest Florida and beyond. Their No. 1 concern in returning to flight was safe-

ty. The company already maintained industry-leading safety ratings, but began to clearly define its safety and cleaning protocols relevant in the COVID-era: • EPA-approved disinfectants are used to clean arm rests, tray tables, seatbelts, window shades and lavatories after each flight.

• All aircraft undergo a regular fogging disinfection process that kills 99.9% of viruses, bacteria and

BY STEPHEN allergens.

MYERS • Magazines and brochures are Guest Columnist for one-time use only.

• All maintenance and cleaning personnel wear face masks and gloves while servicing the aircraft.

• Food and beverages are prepackaged, sanitized and brought on board in sealed containers prior to flight.

While commercial airplanes recycle and treat cabin air, private jets discharge cabin air into the atmosphere while capturing and treating fresh air. This eliminates concerns about recirculating potentially contaminated air.

Elite Jets also maintains its own private terminal at Naples Airport. Company personnel sanitize all chairs, doors, handles and touchpoints throughout the day.

Successful businesses don’t just respond to demand.

They anticipate demand and respond to that anticipation.

By ramping up staffing levels and implementing enhanced safety protocols, Elite Jets was fully prepared for the shift from commercial to private air travel.

WEBINAR PAGE 1

ects in respective areas.

Speakers who have confirmed for the Zoom meeting include: Debrah Forester, director of the Collier County CRA; Michele Hylton-Terry, executive director of the Fort Myers CRA; and Ricardo Noguera, manager of the Cape Coral Economic Development Office.

redevelop communities for the future and improve economic growth in Southwest Florida, according to a ULI event announcement. Each CRA will share overall goals for redevelopment and highlight proj-

Stephen Myers is executive vice president at Naplesbased Elite Jets Charters. For more information, please call (239) 900-9000 or visit EliteJets.com.

DEO PAGE 1 “Southwest Florida’s economy is heavily based on tourism and real estate and construction, which are all highly susceptible to recessions,” he said.

“While I knock on wood the worst is behind us and our economy is going to continue to flourish and grow, as an agency working with Governor DeSantis, we’re going to make sure we have all the resources there available. But we’ll be focused on the tourism industry and making sure the rest of the country knows that Florida is open for business.”

The agency also helps manage block grant funding helping areas struck by storms. That still includes recovery funding for Hurricane Irma, which made landfall in Marco Island in September 2017.

“That’s important for Southwest Florida as well as the whole state,” he said.

The new director plans to make the case for better funding and resource allotment for the agency, something where his connections in the Florida Legislature should be an asset. He left the House as Majority Leader, though he stresses he takes a nonpartisan approach to leading a government agency.

In his first week on the job, he already had spoken with senators and representatives from both sides of the aisle.

Eagle also looks beyond the COVID-19 crisis and hurricane recovery, hopefully to a day when building jobs, instead of paying out benefits, becomes the priority again.

“We will fix the unemployment problems and we will put that behind us,” he said. “It will become a thing of the past and we’ll be moving on to other issues that we need to address for Floridians.”

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Southwest Florida BUSINESS TODAY ®

LIST PAGE 1 help our clients and partners achieve their marketing, public relations and advertising goals.”

Together, the 2020 GrowFL Florida Companies to Watch Finalists represent nearly 3,000 jobs and generate $670 million in revenue. These companies, all of which are “worth watching,” anticipate a growth of 13% in revenue and 23% in employment by the end of 2020.

The finalists were selected from more than 400 nominations and are now in the running to be named a 2020 GrowFL Florida Companies to Watch Honoree. If selected as an honoree, these exemplary second-stage companies will join the 450 honorees that have been recognized since 2011.

“We applaud these first-round finalists who have proved themselves to be stand out companies in the state. They have and continue to demonstrate the resiliency and tenacity that comes along with being an entrepreneur.” said Tom O’Neal, GrowFL Founder.

The Finalists represent a group of scalable, highgrowth enterprises that are already located within Florida. These high growth enterprises are an important segment of our economy and their numbers have been steadily increasing.

In addition to evaluating past growth and projected success, applicant companies are judged according to special strengths and impact in their markets, communities and state – thus deeming them “worth watching.” The 2020 honorees will be recognized on Nov. 12 at 6 p.m. during a broadcast from Orlando.

OCTOBER 2020

Student shares value of internships Freshman year of college is a first glimpse al, interviews are being held of freedom. For me, it started off just as any over the phone, and oppornormal school year; I joined a sorority, studtunities are scarce. This is a ied more than usual, and was figuring out life major struggle for a potenon my own. All of a sudden, college life was tial intern because the way cut short by COVID-19. Just imagine packing a person comes across over for what was supposed to be the best spring a phone call could be combreak of your life, tanning on tropical beachpletely different than how es or skiing down the mountains, but instead they could showcase their you are told to stay home, wear a mask and personality and charisma in remain six feet from everyone. Yep… just my person. luck!

Currently, I am interning Florida State University notified me that I BY KATHERINE virtually with E. Sue Huff would be spending an extra two weeks home VICKARYOUS and Associates. Sue has givafter spring break and, little did I know it Guest Columnist en me a great opportunity would quickly turn into six months. to gain experiences during Now as I begin my sophomore year of these interesting and trying times. We meet college, I never would have imagined it be- weekly through Zoom to discuss my projects ing from my bedroom. All of my classes are where she offers advice and critiques. I am remote and require more responsibility than extremely grateful to be working with her and before because there are no specific meet- I encourage every business to take students ing times. This forces me to stay ahead of the under their wing, as Sue has done for me. And game and constantly plan out my tasks. Who the best part is, we work for free! I encourage knew I would miss running to my 8am lecture you to open your doors to an intern. so much?

As the “new normal” sets in, college stu- Katherine Vickaryous is a college intern dents across the world are facing struggles with E. Sue Huff & Associates. Contact the regarding the future. Applying for internships agency at Sue@ESueHuff.com or visit isn’t the same anymore; career fairs are virtu- www.Esuehuff.com

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Southwest Florida BUSINESS TODAY ®

SALUTE TO ENTREPRENEURS

The power of branding

Branding can truly empower a company, product or service. It has the ability to influence consumer behavior and actions. Developing creative names, logos, colors and taglines can distinguish a company from competitors and help to build a strong reputation. A solid brand reputation elicits more purchases, advocacy, donations, shares and more. If you’re wondering how to strengthen your brand to the level of Disney, McDonald’s and Apple, consider these five key elements of a powerful brand: position, promise, personality traits, story and associations.

Brand Position Think about your brand and ask yourself these questions: What purpose will it be serving? Who will you be targeting? What are your unique values? What do people gain from your product or service? And finally, What sets you apart from your competitors?

Once you answer these questions, you can establish your brand’s positioning statement and share it with the world via social media, press releases and advertisements.

Brand Promise This is what your organization promises to deliver every single time to every customer. Make sure you consider what employees, customers and business partners expect from you when crafting your brand promise. This will be used to justify every single business decision you make; be careful not to (directly or indirectly) contradict it.

Brand Personality Traits These are the traits your brand is known for both internally and externally. What are some specific traits you want your brand to be known for?

Think about the specific personality traits you want your employees, prospects, partners and clients to use whenever they describe your organization.

We recommend having four to seven traits that stand for your brand personality and describe what to expect from it. Think about Chick-fil-A, no matter what location you are visiting you are guaranteed three things: great chicken, a fast, efficient drive-thru and service with a smile.

Brand Story These are not built overnight.

Brands are built over time through consistent experiences delivered to consumers that are true to its essence. Many young brands forget about the importance of consistency when it comes to establishing their brand. A

BY CONNIE big, central idea is RAMOS WILLIAMS important to creatGuest Columnist ing your brand’s story. Once established it needs to be communicated in a consistent way across all platforms, channels and media. Your brand story should tell how it adds credibility, shapes the face of and lends value to the brand.

Brand Associations This is your logo, colors, fonts, taglines, images, anything associated with your brand. Your brand promise and your brand traits must be reflected through your brand associations.

Your brand association must also support your brand positioning statement.

Once you have identified and defined your brand, it’s time to start building your brand community with partners, employees and customers.

Another key to successful branding is REPETITION! By keeping your brand consistent, people will have an easier time recognizing and remembering your brand when looking for a service or purchasing an item. McDonald’s, Disney, Apple, and Chickfil-A are all powerful brands because they put their message in front of you any chance they get, and it looks the same no matter where you are located.

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Page 15

LLCs a popular option in Florida

Part 2 of 3

The limited liability company model was designed as a hybrid between partnerships and corporations thus is often the most attractive of the business entity options for partners in Florida.

The general idea is you maintain most of the simplicity of a partnership, but with the liability protection that comes with the corporate model. LLCs are also popular among small business owners because they offer more flexibility and adaptability. LLCs don’t have to have multiple owners. In fact, single-member LLCs are fairly common among small business owners who want greater liability protection than with a sole proprietorship.

In addition to business operations, Florida LLCs can be useful for estate planning and asset protection. LLCs are assumed by default to be managed in accordance with each member’s membership interest. However, Florida LLCs used for businesses can choose to allocate management rights differently among members. Alternatively, an LLC can opt to be “managermanaged,” in which case the company is managed by a manager or board of managers appointed by the members.

For taxation purposes, LLCs are assumed to be “pass-through entities,” which means profits are taxed on members’ individual returns like with a partnership.

LLCs are formed by filing Articles of Organization with the Florida Department of State. Each year after it is formed, a Florida LLC must pay a fee of $138.75 and file an annual report, which can be completed online. LLC

Operating agreements in Florida, which do not have to be filed publicly, define the rights, responsibilities and obligations of members; describe the relationships between and among the members and

BY STEVEN the company; and GIBBS lay out protocols Guest Columnist for management of the company— among many other things. Florida LLCs are not technically required to have operating agreements. However, proceeding without an operating agreement is risky and significantly increases the likelihood of disputes between members.

One of the upsides of the LLC model is that it is relatively simple to add new members—which generally makes raising capital through outside investors easier. Due to the flexibility allowed in operating agreements, a new member can be admitted in exchange for a capital contribution without affecting the existing management.

A new member can buy in and immediately have voting rights proportional to other partners. Either way, the new member won’t need to worry about liability beyond the amount invested into the company.

Steven Gibbs founded the Gibbs Law Office in Fort Myers in November 2008. Contact him at (239) 415-7495.

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Southwest Florida BUSINESS TODAY ®

OCTOBER 2020

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