Seagate Sells Conditioned Air Facility for Over $8 Million

FORT MYERS, Fla.  — Seagate Development Group’s 14550 Global Parkway, LLC has sold Conditioned Air’s operations center for $8.1 million. SW Management & Realty, LLC – a Seagate affiliate – represented the seller in this transaction, while Derek Bornhorst with Lee & Associates represented the buyer.

This sale comes one year after Seagate completed the nearly 53,000-square-foot world-class facility at 14550 Global Parkway – ideally located between Interstate 75 and the Southwest Florida International Airport – in South Fort Myers.

“We were honored to work on this wonderful project with the team over at Conditioned Air,” said Matt Price, CEO & Partner at Seagate Development Group. “Though we were not in the market to sell, after meeting with Justin Clair, SVP of Acquisitions, and his team over at One Liberty Properties, we were convinced the building would be left in good hands.”

Designed and built to support the company’s growth in Lee, Collier and Charlotte counties, the Class A concrete tilt industrial property features 24-foot clear heights in the warehouse and 18 loading dock doors. In addition to warehouse space, the operations center contains executive offices, a training center and lab, a multimedia conference room and expansive parking for the Conditioned Air Fleet of vehicles.

About Seagate Development Group

Seagate Development Group is a leading, full-service development company specializing in a design-build process via new construction, custom renovations, interior design, and management and leasing services.

Seagate’s high-profile, design-build projects include NeoGenomics’ 150,000-square-foot global headquarters and Scotlynn USA Division Inc.’s 60,000-square-foot North American corporate headquarters as well as managing over 1.5 million square feet of commercial space.

We are currently building custom, end-user residences in Esplanade Lake Club, Quail West, Talis Park, Hill Tide Estates and other luxury residential communities throughout Southwest Florida. In addition to recently completing a $5-million-plus grand estate model in Quail West, Seagate developed, built and sold 28 custom homes in Windward Isle. Our team also continues to conduct remodeling projects in and around the region.

Seagate Development Group’s corporate headquarters is located at 9921 Interstate Commerce Drive in Fort Myers. For additional information, visit SeagateDevelopmentGroup.com.