NAPLES, FL—Steelbridge Capital is on an officeacquisition roll. The real estate investor just bragged it secondNaples property—and its third acquisition in a month.

Steelbridge bought Pelican Bay Executive Center, athree-building, 190,000-square foot office complex. The officebuildings are located at Pine Ridge Road and Tamiami Trail (US 41)at significantly below replacement cost. Wells Fargo Bank, HahnLoeser, LLP, Newsbank, and Fischer International are among thetenants.

“Steelbridge principals have owned four assets in the Naplesmarket over the years. In July, we acquired the SunTrust buildingnext door,” Gavin Campbell, managing principal atSteelbridge, tells GlobeSt.com. “We also successfully turned aroundand sold the Bank of America and Marshall and Iseley Buildings in2000 to 2006. Naples is a terrific office market and North Naplesis exactly where we want to be right now.”