Jim Shiebler And David Dorsey Discuss The Closing Of Bed Bath & Beyond Featured In Gulf Shore Business Magazine

Jim Shiebler teamed up with David Dorsey from Gulfshore Business once again to share his insights on the latest news regarding Bed Bath & Beyond’s financial troubles and what’s in store for the Bell Tower Shops once they vacate.

See Jim’s Points Below:

 

 

Bed, Bath & Beyond

Positives

  • BB&B has very attractive store sites & locations & demand will be high
  • Will be repositioned, converted & re-tenanted
  • Once dust settles, the new user will ultimately drive more traffic & improve synergy & cross pollination
  • In many cases, the space transforms more favorable & revitalizes the overall center

What does the future hold for the well-knownshopping center Bell Tower Shops?

Bell Tower Shops

Positives

  • Ideally located at the epicenter of Lee County
  • Massive 100K+ ADT
  • Solid density & enormous growth / population migration
  • Future Capital Grille – coming online early 2024

Closing Bed Bath & Beyond stores to bring future opportunities across SWFL

The national news that Bed Bath & Beyond will be going bankrupt means there will be a lot of space to fill in Southwest Florida when those stores close.

There are five Bed Bath & Beyond stores across the region, with locations in Port Charlotte, Cape Coral, Fort Myers and two in North Naples. Those combine for 153,284 square feet, with the average size a little more than 30,000 square feet, such as the one at Bell Tower shopping center in south Fort Myers.

Jim Shiebler, a broker and senior vice president of investments with Marcus & Millichap brokerage firm, urged not to become too caught up in the doom and gloom of these stores shuttering. The brand’s business model collapsed because of e-commerce and changing shopping trends, he said.

Read More in the Gulf Shore Business Article