Redevelopment draws national tenants to Coralwood Center

Cape Coral, Fla. -- Stiles Realty announced 57,829 sq. ft. of leasing activity at Coralwood Center, one of the largest power centers in Cape Coral, Florida. HomeGoods and Ulta signed new leases totaling 33,819 sq. ft. in fourth quarter 2014. At the same time, anchor tenant Bealls Outlet has signed a lease to expand into a new 24,010-sq.-ft. store, increasing the center's occupancy to 81%.



The redevelopment of the center will take place over the course of 2015 and includes demising a larger anchor space formerly occupied by Sears to accommodate HomeGoods and Ulta. Plans also include a modernization of the facades and addition of pathways and signage throughout to improve the customer experience. Project completion is slated for the fourth quarter of 2015.



Located at 2301 Del Prado Boulevard at the Veterans Parkway intersection, the 343,000-sq.-ft. Coralwood Center offers a variety of shops, dining options, services and entertainment, including J.C. Penney, Marquee Cinemas, LA Fitness, Bealls, Hallmark and GNC.