4310 Metro Parkway, Fort Myers, FL
Colonial Corporate is a three-story, Class B office building built in 1989 and located on Metro Parkway in Fort Myers, FL. It covers 66,000 gross square feet and sits on a 4.47 acre parcel. The occupancy is currently only 7%, and includes tenants such as Mutual of Omaha, RGIS LLC, Schneider Electric and Hacker Johnson & Smith. Since purchasing the property, TerraCap has toured several tenants in the market who are looking for large floor plan spaces. TerraCap is in active negotiations with two tenants who would occupy to entire second and third floors of the building on long-term leases. These prospective tenants would lease a total of 40,714 square feet and would result in the buildings occupancy to increase to 72%.