South Real Estate Group adds to Estero land holdings

Land deal nearly doubles its property in University Highlands

By Kevin McQuaid
| 6:00 a.m. July 27, 2018
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Commercial Real Estate

Naples-based South Real Estate Group has purchased a 6.4-acre site in Estero for $4.2 million, nearly doubling its land holdings in the planned University Highlands project.

The acquisition from an affiliate of NM Development Group LLC, also of Naples, brings to 14 acres the total acreage South now owns just north of the Miromar Outlets in Lee County. The company purchased a 7.6-acre tract in the planned development in January.