Baltimore-based real estate company with retail assets in Naples and Marco Island to continue Florida expansion
The Esplanade Shoppes
Continental Realty Corporation (CRC) has announced the opening of a regional office in Naples, Florida at 3838 Tamiami Trail North. The Baltimore-based company owns and manages six retail assets throughout the Naples and Marco Island trade areas, altogether comprising 350,000 square feet of space.
“We’re eager to have our own professional management team on site in Florida. This exciting change will allow us to provide great service to a growing tenant roster,” explained David Donato, Senior Vice President of Continental Realty Corporation.“Our acquisition group continues to explore opportunities in South Florida, and we’ll likely add more properties to our portfolio before the end of the year. It’s the right time for us to open a new office.”
The Director of Property Management for the Commercial Division, JD Brakefield, will oversee day-to-day operations. The CRC holdings in Naples include Bed Bath & Beyond Plaza, a 110,000 square foot retail center; Marquesa Plaza, more than 98,000 square feet of retail space; The Gateway of Naples, nearly 65,000 square feet of retail;The Colonnade on Fifth, a 25,000 square foot center on Fifth Avenue; and Naples Firestone, a 7,500 square foot auto-care center. The company also owns and manages The Esplanade Shoppes,a more than 50,000 square foot retail asset overlooking Smokehouse Bayin Marco Island.
Continental Realty Corporation has hired several professionals in Naples, including Matt Baker as Real Estate Manager. His responsibilities will concentrate on the maintenance division, where he will oversee tenant relations and manage budgets and pro formas.
Continental Realty Corporation (CRC), headquartered in Baltimore and founded in 1960, is the owner and operator of more than 10,000 apartment homes and shopping centers, equivalent to four million square feet. CRC’s portfolio exceeds $2 billion and is located throughout the Mid-Atlantic and Southeast United States. For additional information, visit www.crcrealty.com
