Developer makes big gains in self-storage

It doesn’t have the sizzle of multimillion-dollar construction projects. But self-storage done right, discovers one area firm, could deliver a tidy profit.

By Mark Gordon
| 6:00 a.m. October 29, 2020
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Courtesy. University Storage, on Tiburon Way in Estero, has 600 self-storage units.

Commercial Real Estate

Seagate Development Group has built a brand in the Southwest Florida construction market by building corporate headquarters. The recent list includes a 150,000-square-foot complex for cancer screening firm NeoGenomics, a $60 million project in Fort Myers; a 52,000-square-foot facility for Conditioned Air of Naples; and a new, $11 million home in Fort Myers for logistics firm Scotlynn USA.

‘The next 10, 20 years in Southwest Florida have a really long runway. I wouldn’t trade our Southwest Florida business market for most any other area in the country.’ Matt Price, Seagate Development Group