California defense contractor pays $3.9 million for Pinellas industrial site

Naples/Fort Myers

Grocery game: A North Carolina developer has bought 3.68-acres next to an Aldi supermarket in Cape Coral. Piedmont Development of Florida, an LLC belonging to Piedmont Properties in Lincolnton, paid $1.85 million for the land. According to Fort Myers’ LQ Commercial, which represented Aldi, the seller, the property is vacant land to the west of the existing grocery store. At one point, the property just off Chiquita Boulevard was marketed as the potential site for a five-building commercial retail center, but it is unclear what the new owner’s plans are. Piedmont did not respond to a request for comment.

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