In a significant real estate move, Amazon has acquired 143 acres of land in Fort Myers for $66.5 million, marking a notable expansion in the region.
Amazon’s purchase of the 143-acre property is strategically located at 10631 State Road 82, near the master-planned community of The Forum, adjacent to Interstate 75. This acquisition signals Amazon’s continued investment and interest in the Fort Myers area, where it already operates two facilities near Alico Road.
While specific plans for the newly acquired land have not been disclosed, there are indications from an engineering firm’s letter to the city that Amazon intends to develop a new facility on the site. However, the city’s community development director, Steven Belden, and other spokespersons have not provided further details or confirmed the content of the letter as requests for comments were left unanswered.
Justin Thibaut, the president and CEO of LSI Cos., the broker of the deal, expressed optimism about the project’s impact, stating that the forthcoming large-scale project will significantly boost the city’s economic growth. This development is expected to create new job opportunities and potentially attract ancillary businesses to the area.
In recent weeks, Lee County has witnessed a surge in substantial real estate transactions. Notably, Martin Marietta, a building supply company based in North Carolina, invested $620 million in nearly 2,000 acres. Similarly, Walton Capital from Chicago purchased the 818,000-square-foot Tri-County 75 industrial park for $155 million. Amazon’s acquisition is seen as part of this broader trend of large-scale investments in the region.
The competitive real estate market in Fort Myers and the surrounding areas reflects a robust economic environment poised for growth. Amazon’s decision to expand its footprint here underscores the strategic importance of this location for logistics and distribution operations, given its proximity to major transportation routes.
Amazon’s latest land acquisition in Fort Myers is a testament to its strategic growth plans and the region’s burgeoning economic landscape. As details unfold, this move is anticipated to play a pivotal role in shaping the local economy, positioning Fort Myers as a key hub for Amazon’s operations.
Source: BusinessObserverFL
