The Ronto Group and Wheelock Street Capital have acquired a development site in Naples, located at 1601 Gulf Shore Blvd N. The property spans approximately 228,690 square feet, with a sale price of $167,500,000, resulting in a price per square foot of $732. The building square footage is recorded at 320,000, translating to a price per building square foot of $523.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $167,500,000
• Address: 1601 Gulf Shore Blvd N
• Market: Naples

The transaction for this development site was facilitated by Manny De Zarraga, Maurice Habif, Chris Drew, Simon Banke, and Jo Rousseau of JLL Capital Markets.