29 Jan Seagate to Develop 40 Acres of Land at Alico Road and I-75
Seagate Development Group is developing 40 acres of commercial land at Alico Road and I-75 in Fort Myers. Closing on this transaction occurred last month, with Shawn Stoneburner of Cushman and Wakefield – Commercial Property Southwest Florida having represented the seller and Derek Bornhorst of Lee & Associates having represented the buyer.
With one tenant already signed up for a 35,000-square-foot building on one of the parcels, this world-class business park will focus on single-tenant office, flex and industrial buildings for lease and sale. This project comes as business owners are looking to improve efficiencies without the typical barriers created in a multi-tenant environment.
“This innovative undertaking is what so many people have been waiting for, since Lee County approved major development of this area,” said Matt Price, CEO & Partner at Seagate Development Group. “This was a great opportunity for Seagate to acquire the ground to expand its design-build division. This division has already taken on high-profile projects, such as the headquarters for NeoGenomics and Scotlynn as well as the operations center for Conditioned Air — all just up the road. Our tenant- and broker-friendly approach simplifies a complicated process, demonstrating the competitive cost of owning or leasing your own building.”
The Fort-Myers-based firm will begin clearing and filling the site next month and commence utility construction at the end of June. Construction on the first building will commence in April, and all of the building and infrastructure development will be completed by October.
“Done right, we believe the design-build process provides an affordable, long-term solution to our customers in an increasingly competitive marketplace,” Price added.
For more information on the upcoming business park and Seagate’s commercial portfolio, visit SeagateDevelopmentGroup.com.