FORGE ANNOUNCES ACQUISITION OF DANIELS CROSSING
Forge Real Estate Partners IV, LP, a joint venture between Forge Capital Partners and The Sembler Company, has acquired Daniels Crossing Shopping Center, a 112,003 square foot Publix-anchored neighborhood shopping center in Fort Myers, Florida.
Daniels Crossing is anchored by a high-volume Publix supermarket that has operated at the property since 1990 and established itself as a staple within the community. The property is located at the major intersection of Daniels Parkway and Six Mile Cypress Parkway where daily traffic counts exceed 90,000 vehicles per day. Nearby demand drivers include the Gulf Coast Medical Center, Century Link Sports Complex, 18 office buildings and 16 golf and country clubs. This property presents a unique opportunity for the Fund Manager to add significant value through the lease up of over 30,000 square feet of vacant space in a high growth trade area.
Forge Capital Partners is a diversified, commercial real estate investment and investment management company. Forge has built a solid track record as an acquirer and operator of commercial real estate, specializing in socially responsible projects throughout the Southeast. Since 2000, Forge and its principals have successfully sponsored and managed four real estate oriented, closed-end private equity funds, and executed over a billion dollars in retail and multifamily real estate transactions.
The Sembler Company, formed in 1963, is one of the premiere full-service real estate companies in the United States. Specializing in commercial retail development, Sembler has developed over 300 properties throughout the Southeast and Puerto Rico, consisting of 27 million square feet and including 44 Publix-anchored centers and 25 Target-anchored centers. The company currently manages and leases over 10 million square feet of company owned and third party retail properties.