Stuart Miller Of Lennar Purchases 109-Acre Development Site In Fort Myers For $20.08M

A development site of 109 acres was sold for $20,080,000 located at Littleton Road, US Highway 41 & North Tamiami Trail in the Fort Myers market. The asset is poised for future development, specifically for a community project named Caloosa Commons.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $20,080,000
• Buyer: Stuart Miller - Lennar
• Seller: Michael J. Montante - Uniland Development Company
• Brokers: Dan Miller & Dan Rockenstein - Colliers
• Acres: 109

The transaction involved Lennar acquiring land from Uniland Development Company, with Colliers serving as the broker representatives for the seller. Uniland Development will retain 25 acres for plans of a shallow-bay industrial development.