Fort Myers industrial park sells for $155 million

Naples/Fort Myers/Charlotte 

Record numbers: A Chicago real estate investment firm has bought Tri-County 75, a Fort Myers industrial park. According to Lee County records, the firm, Walton Capital, paid $155 million for the 818,000-square-foot park at Luckett Road and Interstate 75. The seller is a venture between Glenstar Logistics and Columnar Investments, which completed the project a year ago. The park sits on 72 acres and is made up of four warehouse buildings — the smallest is 76,210 square feet and the largest is 404,050 square feet. The property is currently 95% occupied with a tenant mix that includes Ferguson Enterprises, Mechanical One and NB Handy. Walton, according to its profile on LinkedIn, has raised nearly $17 billion in capital and “has acquired, financed, managed, and sold more than $55 billion of real estate” since 1994. CBRE arranged the sale. Details of the industrial park’s sale followed news earlier in the week of a $620 million land purchase of 1,986-acrees in Lee by North Carolina building supply company Martin Marietta. 

Health challenge: Swedish construction company Skanska’s U.S. division has landed the contract to build a $435 million medical building and hospital in Fort Myers for Lee Health. A spokesperson for Skanska USA says it will be built at 4453 Challenger Blvd. The contract calls for the construction of a 416,000-square-foot, five story hospital, a central energy plant and an 125,000-square-foot medical office building which includes an ambulatory surgery center. Skanska, in a statement, says the project will include over a dozen operating rooms, a rehabilitation gymnasium and specialty clinics for orthopedics, spine, rheumatology care and infectious. Utility work has begun on the site and the project is scheduled for completion in the fourth quarter of 2027. Skanska USA was founded in 1971 and employs more than 7,300 people. It has more than 30 offices in the U.S., including Tampa, Orlando and Fort Lauderdale.