KOVA Commercial Group Announces $26.6 Million Sale of Island Plaza | Marco Island, FL
Marco Island, FL – December 8, 2025 – KOVA Commercial Group is pleased to announce the successful $26.6 million sale of Island Plaza, a ±70,823-square-foot retail and office shopping center located at 3058–3078 Bald Eagle Drive (Collier Boulevard), Marco Island, Florida.
Premier Retail & Office Center on Marco Island, FL
Island Plaza is widely recognized as Marco Island’s premier retail and office destination, strategically positioned at the signalized intersection of Collier Boulevard and Bald Eagle Drive, one of the island’s primary commercial gateways. The property underwent a full redevelopment in 2018 and features a modern architectural design, two-story construction, elevator access, and ample on-site parking.
Strong National & Regional Tenant Mix
The center is home to a diversified mix of national and regional tenants, including Bealls Outlet, CVS Pharmacy, Quest Diagnostics, T-Mobile, Jetset Surf Shop, Pinch-A-Penny Pool Patio Spa, Modern Nails, Davide Italian Café & Deli, along with several additional professional service providers. This strong lineup contributes to the center’s stability and long-term investment appeal.
Strategic Sale Execution by KOVA Commercial Group
While actively working with the owner to lease space at the center, KOVA Commercial Group identified a strategic opportunity to market Island Plaza for sale. The KOVA team sourced a qualified buyer and successfully guided both parties through closing.
Bryan Flores, Senior Advisor at KOVA Commercial Group, represented the seller.
“This transaction is a great example of how staying closely engaged in the leasing process can uncover broader opportunities for our clients,” said Flores. “By timing the sale strategically, we were able to align with the seller’s long-term objectives while positioning the new owner for continued success.”
Cody T. Shadley, Advisor at KOVA Commercial Group, represented the buyer.
“Island Plaza presented a strong investment opportunity, and our focus was on securing a property that offered both stability and upside for my customer,” said Shadley. “This transaction highlights our team’s ability to move decisively in a competitive Marco Island commercial real estate market.”
KOVA Property Management Awarded Management Contract
Following the sale, KOVA Property Management has been awarded the contract to manage Island Plaza, providing seamless operations, proactive maintenance, and continued tenant satisfaction aligned with the property’s premium standards.
Marco Island Commercial Real Estate Market Outlook
Marco Island’s retail market remains strong due to its affluent demographics, limited commercial land availability, and significant seasonal visitation. With its prime location and diverse tenant mix, Island Plaza is well-positioned for sustained long-term investment performance.
Explore Commercial Real Estate Opportunities in Naples | Marco Island
View Current Naples Commercial Property Listings with KOVA Commercial Group or get in touch with our team to learn more about investment opportunities available in Naples, Fort Myers and greater Southwest Florida.
📞 (239) 261-2627
🌐 www.kovacg.com
For more information on this sale, contact
- Bryan Flores
📧 bryanflores@kovacg.com | 📱239.692.7444 - Cody T. Shadley
📧 Codyshadley@kovacg.com | 📱239.398.7349
About KOVA Commercial Group
KOVA Commercial Group is a full-service commercial real estate firm specializing in acquisitions, dispositions, leasing, and advisory services. With deep roots in Southwest Florida, KOVA supports clients across a variety of asset classes including retail, office, industrial, and land. Backed by an integrated team and market intelligence, KOVA delivers high-performance strategies tailored to each client’s investment goals.
To learn more about KOVA Companies and its family of services, visit www.kovacompanies.com
KOVA Commercial Group
9130 Galleria Court, Suite 100
Naples, Fl 34109
239.261.2627
admin@kovacg.com
KOVA Commercial Group Announces $26.6 Million Sale of Island Plaza | Marco Island, FL
