Tanglewood Marketplace – Sold 2014Administrator2017-11-17T16:35:38-04:00
Tanglewood Marketplace is a 48,615 square foot retail center located on a 4.15 acre site in Naples, FL. The property is located on the northeast corner of U.S.41 and Castello Drive. The property is four miles west of Interstate 75 and half a mile east of the Gulf of Mexico. The area immediately surrounding Tanglewood Marketplace is home to many established high-end communities. The center is anchored by a 7,581 square foot Outback Steakhouse and is comprised of neighborhood retail and office tenants.
After increasing occupancy to nearly 100%, Halstatt Real Estate Partners engaged a local broker to market the asset. Multiple offers were received, and a 1031 exchange buyer purchased the property.