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