Ron Vachris Of Costco Wholesale Acquires 55 Acre Development Site In Fort Myers For $55M

Costco Wholesale acquired a 55-acre development site located at the intersection of Colonial Boulevard and Plantation Road in Fort Myers, FL, for $55 million, equating to approximately $23 per square foot. This transaction represents one of the largest and highest-priced land sales in Southwest Florida history.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $55,000,000
• Acres: 55
• Address: Intersection of Colonial Boulevard & Plantation Road
• Market: Fort Myers, FL

The deal was facilitated by brokers Chase Mayhugh and Chuck Mayhugh from Mayhugh Commercial Advisors, who represented the buyer in this notable transaction, setting a new benchmark for large-scale land sales in the region.