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| Investment Properties Corp. Achieves Record-Breaking Year
NAPLES, Fla. (Jan. 11, 2007) – In spite of a slower residential market, the commercial market continues to be strong for Investment Properties Corporation (IPC). Representative sale transactions negotiated by the team in 2006 included: three high-profile retail centers including Riverchase Shopping Center, Pine Ridge Shopping Center and Courthouse Shadows Shopping Center for a total of $57.7 million; 32 acres of residential land surrounding the Naples Grande golf course for $36 million; 37.56 acres at C.R. 951 and Vanderbilt Drive for $21.5 million; 37+/- acre parcel at Davis Boulevard for $9.7 million and a 61-unit apartment complex in Golden Gate for $6.4 million. Significant leases negotiated by IPC in 2006 included 24,050sf at Riverview Center Boulevard to Florida Family Insurance Company; 14,526sf at Collier Boulevard to Suncoast Sports Performance, Inc. d/b/a Velocity Sports Performance and 9,583sf at Gateway of Naples to Denmark Imports, Inc.
“We are extremely pleased to be able to contribute to our clients’ success during 2006,” said William V. Gonnering, CCIM, SIOR, one of three IPC principals. “As we move into 2007, we are confident our success will continue into the New Year.” IPC is one of the area’s oldest commercial real estate brokerage firms, celebrating its 30th year in business during 2006. The company also recognized a significant achievement for Clint Sherwood, an IPC leasing agent, who earned his CCIM designation. The Certified Commercial Investment Member (CCIM) designation is the leading indicator of expertise in commercial and investment real estate. Sherwood is one of four professionals at IPC to hold this designation. In addition to Gonnering, IPC is owned and operated by principals David J. Stevens, CCIM, and Craig D. Timmins, CCIM. A true team approach utilized by IPC is a distinguishing feature of the firm; the IPC staff often works as a whole on each client account. Since 1976, the IPC team has serviced Southwest Florida with buyer and seller representation, site selection, leasing, exchanges, consulting and development services. IPC is located at 3838 Tamiami Trail North, Suite 402, in Naples. For more information: (239) 261-3400 (phone); (239) 261-7579 (fax); www.ipcnaples.com.
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