Lee Memorial Hospital Inc. doing business as Lee Healthcare Resources sold the land for about $1.6 million, or about $688,362 per acre. The cost of the land and the building is expected to total approximately $4 million.
The land is located at the corner of the HealthPark campus, at Summerlin Road and Bass Road.
First National plans to build a two-story, 20,000-sf, class A building with a drive-through at this location. The building will house all financial services, from insurance to securities to banking services, Paul A. Sands of Grubb & Ellis VIP, who represented First National Bank of Florida in this transaction, tells GlobeSt.com.
"They're going to start construction as soon as they can get the permits pulled," probably later this year, Sands says.
First National is based in Naples, FL, and also currently has a presence in Fort Myers and Cape Coral, FL.
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