News & Notes

Maryland firm buys Tesla sales and service center for $26.25 million

A Tesla facility sells, a property is flipped, and a build-to-rent deal is done top the week's commercial real estate news.


  • By Louis Llovio
  • | 10:00 a.m. May 14, 2023
  • | 0 Free Articles Remaining!
Construction of the Pinellas County Tesla facility wrapped up in December. (Courtesy photo)
Construction of the Pinellas County Tesla facility wrapped up in December. (Courtesy photo)
  • Commercial Real Estate
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Naples/Fort Myers

Flip out: Seagate Development appears to have flipped a Naples property bought by a Chicago medical group affiliated with Northwestern University’s medical school. According to Collier County records, the property at 1100 9th St. N. was sold to Northwestern Memorial HealthCare on March 29 for $24.5 million by a seller named PPN Naples Hotel LLC. This same LLC had bought the property the previous day, March 28, paying $17.5 million. A search of the Florida’s Division of Corporation database shows that PPN’s principal address is 9921 Interstate Commerce Dr. in Fort Myers and its manager is listed as Matthew C. Price. This address matches Seagate’s address and Price is Seagate’s CEO. Seagate announced the sale in a press release May 1 but was not specific about its role in the transaction. When questioned about that, a spokesperson for the company, in an email, says “They put together the sale.” The property is a 3.5-acre parcel in Naples that once housed the Collins Hotel. A spokesperson for Northwestern Memorial HealthCare says “we are exploring a future outpatient facility with a variety of clinical offerings” on the site.

Making a call: Global call center giant Alta Resources unveiled its new $27.6 million building at Skyplex in Fort Myers in a May 9 ceremony. The 98,000-square-foot building spans three floors and can accommodate more than 1,000 employees. The deal was made possible, in part, through a partnership and coordination with Lee County and Lee County Port Authority, according to a statement. Neenah, Wisconsin-based Alta Resources is hiring up to 400 new employees for the Fort Myers office. Construction on the building, on a 12.1-acre site Alta leased from the Port Authority, began in 2019. Skyplex is near the Interstate 75 and Daniels Parkway corridor. Alta Resources opened its Fort Myers location in 2013 and has since grown from one client and 300 seasonal employees to more than 700 full- and part-time employees.

 

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