Pasco County lifestyle clothing brand sells HQ for $22.5M

Naples, Fort Myers and Charlotte

A Toronto-based developer is planning to build a combined commercial and industrial park on 10 acres at 25411 Old 41 Road in Bonita Springs. The 181,000-square-foot development will be named The Bonita Foundry and will also include The Enclave at The Bonita Foundry, a “purpose-built luxury warehouse condominium facility.” Forager Real Estate Partners, which also has an office in Naples, describes the project as a “flex commercial and recreational development” and says it will address a demand for versatile light industrial, commercial and flex retail in the market. Conor McBroom, Forager’s president and founder, says an in email that when complete, Bonita Foundry will have 37 luxury warehouse condominiums, 37 shallow-bay flex industrial units and 19 street-facing flex commercial units. These will be combinable, and Forager anticipates it will lease and sell multiple units to single prospects. Forager paid $7.85 million for the land and McBroom says the total cost of the project is in the tens of millions. Forager is a private equity real estate developer, investor and asset management company founded in 2019. It has bought and developed more than 750,000 square feet of commercial space with a project cost of more than $250 million. Locally, it owns the Mercantile Business Center in Naples. Construction on Bonita Foundry is expected to begin early next year and take 14 months to complete.

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