Aslan Realty Advisors~Paige Rausch's thoughts about a singular real estate transaction that will change the Lee County community forever:
I remember four decades ago there was one store with really unique clothing and accessories~the name of the store was Chico's, and the owners, Marvin and Helene Gralnick. The store opened in 1983, and the location was Sanibel Island.
Fast Forward 40 years....
As of October 28, 2023 Chico's had 1,256 boutiques and outlets throughout the U.S. (including Puerto Rico and U.S. Virgin Islands), as well as an online presence for each of its brands.
On January 5th 2024 Chico's Retail Services INC, a Florida Corporation, whose address is 11215 Metro Parkway, Fort Myers, FL 33966 sold their portfolio of real estate located in Lee County for $82,385,000.00 to PROPCO HQ HOLDCO LLC, a Delaware LLC whose address is C/O Sycamore Partners Management LP, 9 West 57th Street, 31st Floor, New York, New York 10019.
"If one tries to think about history, it seems to me - it's like looking at a range of mountains. And the first time you see them, they look one way. But then time changes, the pattern of light shifts. Maybe you've moved slightly, your perspective has changed. The mountains are the same, but they look very different."
Robert Harris
Please send me a message for a copy of the Deed for further details and property description.
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