05 Aug Seagate Development Group, LLC Expands Portfolio of Properties Under Management
Posted at 12:36h in Press Releases
Naples Through transactions completed by its principals, Seagate Development Group, LLC has acquired controlling interest of a total of 515,000 square feet of multi-tenant flex space and one story office space in the Westlinks and Eastlinks Business Parks located on Daniels Parkway just north of the Southwest Florida International Airport in Fort Myers. At the time of acquisition, the properties were appraised at $40 million. Seagate is a full-service commercial and residential development and construction company and a provider of commercial property management services. Seagate is owned and managed by a five member partnership that includes CEO Bill Price, President Jim Hamilton, and Executive Vice Presidents Matt Price, Joe Schulz, and James Nulf. Headquartered at 12801 Commonwealth Drive, Suite 12 in Fort Myers, Seagate has a satellite office located at 6900 Airport-Pulling Road in Naples.
With the acquisition of controlling interest of the multi-tenant flex and office space in Westlinks and Eastlinks, Seagate’s portfolio of commercial properties under management now totals just over one million square feet. The company continues to pursue a thoughtfully devised and aggressively executed strategy focused on the expansion of its commercial real estate development, commercial construction, commercial property management and leasing, tenant improvement, and luxury residential development and construction businesses. Commercial and residential real estate development and construction and tenant improvements are provided under the aegis of Seagate Development Group, a licensed Florida contractor. SW Management and Realty, LLC, a related entity, is a licensed entity that provides commercial property management and leasing services. Seagate’s development, construction, management, and leasing services are readily available to third parties.
Seagate’s impressive roster of tenants at Westlinks and Eastlinks includes many high profile companies such as Diamond Tours, Norman Love, Neogenomics, Staples, Lee Memorial, Home Depot, Cintas – Fire, Florida Cancer, Nestle, Data2Logistics, Red Bull, Alorica, Survival Armor, G&K Services, Walgreens, and ADP. Tenants in third party properties managed and leased by Seagate include Comcast, Robb & Stucky, Cintas Uniform, Lamar, Option Care, Airgas, Rexel, and Safran. Seagate is currently engaged in commercial construction and tenant improvement projects with an aggregate value of $3 million.
In addition to its portfolio of commercial properties and property management and leasing services, Seagate Development Group is a Preferred Builder of custom luxury residences at Quail West in North Naples and the exclusive developer and custom homebuilder at Windward Isle, a community located on Airport-Pulling Road just south of Orange Blossom Road in North Naples. Seagate has finalized its purchase of two home sites within Quail West and has started construction of the first of two furnished estate model residences. Seagate is building 28 single-family luxury residences ranging from 3,000 to 4,100 square feet priced from $1 million in Windward Isle. The concept for Windward Isle was developed through a partnership of Seagate Development Group and Capital Group Properties, LLC, based in Southborough, Massachusetts. Nestled in the heart of North Naples, Windward Isle is the first community to offer a low density of luxury custom homes with low homeowner’s association fees. Located minutes from the best schools, shopping, and beach activities, Windward Isle offers exceptional value within the luxury residential product segment in Naples.