Nashville investor buys Fort Myers medical property

By Louis Llovio
| 8:00 a.m. December 6, 2025
| 2 Free Articles Remaining!

The Fort Myers office building in Hope Preserve was bought by a Nashville real estate firm.

Charlotte–Lee–Collier

Montecito Medical Real Estate, a Nashville investment firm specializing in health care properties, has bought an office building in Fort Myers’ Hope Preserve.

The 27,267-square-foot building at 14551 Hope Center Loop sold for $13.12 million.

LSI Cos., which brokered the deal, says it is fully occupied. Hope Preserve is a newly developed medical hub near Gulf Coast Hospital in Lee County.

With this sale, there are two remaining pads available and a new medical facility under construction, says LSI CEO Justin Thibaut.

“The transaction marks significant continued investment interest in stabilized medical assets in the region, fitting with demographic trends and increased patient-care needs,” Thibaut says.

Montecito is a privately held investment company founded in 2006. It concentrates on medical office properties valued at between $4 million and $150 million.

According to the company’s website, it owns properties in 21 states, including The Eye Institute of West Florida in Largo. LSI’s Thibaut and Christi Pritchett brokered the deal.

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.