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Naples, FL (May 1, 2023) – Continuing an aggressive posture in the commercial development and property management market in the Naples, Florida area, Seagate Development Group announces a $24.5 million sale of a 3.5-acre property, which was the site of the Collins Hotel at 1100 Tamiami Trail North. The hotel closed recently. Seagate Development Group continues to build an impressive portfolio in the Naples area including Liberty Plaza. Seagate Development Group President James Nulf, Jr. stated “We continue to be bullish on the Naples market and look forward to further elite redevelopment opportunities such as the Collins Hotel site. This type of transaction melds perfectly with our overarching business plan for our development group”. The buyer was Northwestern Memorial HealthCare, Chicago’s premier academic health system. The health system provides world-class care through 11 hospitals, two medical groups, and more than 200 diagnostic and ambulatory locations to patients across Chicago, all 50 states and more than 100 countries, bringing better medicine closer to home. Rob Carroll of IPC represented the seller. Scott Merz of JLL’s Chicago office and Brad Berzins, SIOR of JLL’s Southwest Florida office, represented the buyer. About Seagate Development Group Seagate Development Group, located at 9921 Interstate Commerce Dr. in Fort Myers, FL., is a leading full-service residential and commercial development company specializing in a design-build process via new construction, custom renovations, interior design, and management and leasing services. Seagate Residential focuses on crafting a one-of-a-kind experience for its clients from custom homes to vibrant communities. Seagate Commercial has built an extensive portfolio by offering design build creations, general contracting and construction management, tenant improvements and site developments. Seagate Asset & Property Management ensure a company’s assets and properties are managed efficiently, improving the profitability and value. Theory Design, a Seagate Development Company, provides a full spectrum of interior design masterpieces for residential and commercial properties by using a holistic and global approach to all design elements. Earth Tech Enterprises, a Seagate Development Company takes each land development project from raw land to finished grade for a variety of development projects, including water management, retention lakes, drainage, utilities, preservation areas, roads, sidewalks, streetlights. Its Marine Division has years of proven experience working with government contracts on beach and nature reconstruction. Seagate’s commitment to excellence starts with 225 dedicated employees providing concierge level of service, resulting in unprecedent levels of excellence for clients from Tampa to Key West.
Naples, FL (May 1, 2023) – Continuing an aggressive posture in the commercial development and property management market in the Naples, Florida area, Seagate Development Group announces a $24.5 million sale of a 3.5-acre property, which was the site of the Collins Hotel at 1100 Tamiami Trail North. The hotel closed recently.
Seagate Development Group continues to build an impressive portfolio in the Naples area including Liberty Plaza. Seagate Development Group President James Nulf, Jr. stated “We continue to be bullish on the Naples market and look forward to further elite redevelopment opportunities such as the Collins Hotel site. This type of transaction melds perfectly with our overarching business plan for our development group”.
The buyer was Northwestern Memorial HealthCare, Chicago’s premier academic health system. The health system provides world-class care through 11 hospitals, two medical groups, and more than 200 diagnostic and ambulatory locations to patients across Chicago, all 50 states and more than 100 countries, bringing better medicine closer to home.
Rob Carroll of IPC represented the seller. Scott Merz of JLL’s Chicago office and Brad Berzins, SIOR of JLL’s Southwest Florida office, represented the buyer.
About Seagate Development Group
Seagate Development Group, located at 9921 Interstate Commerce Dr. in Fort Myers, FL., is a leading full-service residential and commercial development company specializing in a design-build process via new construction, custom renovations, interior design, and management and leasing services. Seagate Residential focuses on crafting a one-of-a-kind experience for its clients from custom homes to vibrant communities. Seagate Commercial has built an extensive portfolio by offering design build creations, general contracting and construction management, tenant improvements and site developments. Seagate Asset & Property Management ensure a company’s assets and properties are managed efficiently, improving the profitability and value. Theory Design, a Seagate Development Company, provides a full spectrum of interior design masterpieces for residential and commercial properties by using a holistic and global approach to all design elements. Earth Tech Enterprises, a Seagate Development Company takes each land development project from raw land to finished grade for a variety of development projects, including water management, retention lakes, drainage, utilities, preservation areas, roads, sidewalks, streetlights. Its Marine Division has years of proven experience working with government contracts on beach and nature reconstruction. Seagate’s commitment to excellence starts with 225 dedicated employees providing concierge level of service, resulting in unprecedent levels of excellence for clients from Tampa to Key West.