Fawcett Memorial buys land for Estero hospital

$52.5 million deal for nearly 100 acres is expected to result in new Lee County healthcare facility

By Kevin McQuaid
| 6:00 a.m. February 1, 2019
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Commercial Real Estate

Charlotte County-based Fawcett Memorial Hospital Inc., as part of a plan to build a new hospital in neighboring Lee County that would contain as many as 100 beds, has acquired a 100-acre tract in Estero, property records indicate.

The HCA Healthcare subsidiary spent $52.5 million late last year to purchase the vacant land, at Williams Road and U.S. 41, from Estero North Point LLC.