Landmark Southwest Florida Office Building Sells in Major CRE Transaction

FORT MYERS, Fla., May 5, 2025 /PRNewswire/ -- In a transaction that underscores the strength and vitality of Southwest Florida's office market, one of the region's premier multi-tenant Class A office buildings has changed hands in an off-market sale. The Renaissance Office Center, an 86,000-square-foot institutional-grade asset, has been acquired by CM-CRE Office I, LLLP for $9,675,000 on April 29, 2025.

Strategically positioned at the northwest corner of I-75 and Daniels Parkway, the Renaissance Office Center is recognized for its exceptional finishes, first-class amenities, and roster of nationally recognized, credit-rated tenants. This transaction reaffirms investor confidence in the long-term fundamentals of the Southwest Florida office market.

The seller, Brookwood Financial Partners, originally acquired the property from AIG Asset Management. The buyer was represented by Chase Mayhugh, SIOR, CCIM, and Justin Ankney, CCIM, of Mayhugh Commercial Advisors, who will also manage leasing and property operations going forward. "It's not often a property of this caliber transacts," said Chase Mayhugh. "The Renaissance Office Center is truly a trophy asset, and we're proud to have facilitated this transaction and now play a key role in its continued success."

Justin Ankney added, "What appealed to the Buyer was the institutional-quality construction, long-standing tenancy, and premier location. The Renaissance Office Center represents a rare opportunity in a tight Class A office market."

For more information about Mayhugh Commercial Advisors, please visit https://mayhughcommercial.com/.

About Mayhugh Commercial Advisors
Mayhugh Commercial Advisors is a reputable full-service commercial real estate firm headquartered in Fort Myers, Florida. Established in 1975, the company boasts extensive experience and expertise in serving clients throughout Southwest Florida. Mayhugh Commercial Advisors offers a comprehensive suite of services including sales, leasing, and property management. Known for its commitment to excellence and personalized client solutions, the firm is deeply ingrained in the local market dynamics. Through ethical practices and dedication to client success, Mayhugh Commercial Advisors continues to be a trusted leader in the region's commercial real estate sector, driving growth and fostering lasting relationships within the community.

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SOURCE Mayhugh Commercial Advisors