Commercial developer pays $14 million for Fort Myers land

A 68-acre commercial property in Fort Myers has sold for $14.15 million. The land is at 312 Blackstone Drive. 

Justin Thibaut, CEO of LSI Cos. which brokered the deal, says the buyer plans to build a large scale retail development project on the property. 

The sale, he says, “follows continued increased residential permitting activity throughout Lehigh Acres and surrounding areas, and the substantial infrastructure improvements made to the corridor over the past five years.” 

The buyer is an LLC whose address according to state records matches that of the Ohio-based commercial real estate and development firm Casto. 

Thibaut and Hunter Ward represented the local seller, an LLC. The buyer was represented by LSI’s Alex Henderson, Max Molloy and Sawyer Gregory.