Brian Murray Of Ryan Companies Acquires 61.3 Acre Development Site In Fort Myers For $20.45M

A 61.3-acre development site located at U.S. 41 & Alico Road in Fort Myers was sold for $20.45 million. The buyer, Ryan Companies, plans to develop Dia Crossings, which will include 350 multifamily units, 200,000 square feet of commercial space, and 150 hotel keys.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $20,450,000
• Address: U.S. 41 & Alico Rd
• Market: Fort Myers
• Acreage: 61.3
• Buyer: Brian Murray - Ryan Companies
• Seller: Holes Jared Trustee
• Buyer's Representative: Michael Frye - Re/Max Realty Group
• Seller's Representatives: Alex Henderson & Max Molloy - LSI Companies; Phil Fischler - Fischler Property Company

The transaction involved key representatives from both parties, with LSI Companies' Alex Henderson and Max Molloy, alongside Phil Fischler of Fischler Property Company, representing the seller. On the other side, the buyer was represented by Michael Frye from Re/Max Realty Group.