60.8 acres of land at Daniels Parkway and I-75 sells for $35 million

FORT MYERS, Fla. —

Approximately 60.8 acres of land located at Daniels Parkway and I-75 sold for $35 million on Tuesday.

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Cushman & Wakefield | Commercial Property Southwest Florida announced the successful sale of the Fort Myers land.

CPSWFL served as a transaction broker in the sale, representing both the seller, Daniels Parkway JV Development, LLC, and the buyer, Bison Property Holdings, LLC, an affiliate of Waypoint Development, a press release said.

Waypoint is planning a four-phase project to develop nearly 1,300 multifamily units and five acres of commercial development, a press release said. The site benefits from an existing easement for the Three Oaks extension.

"This transaction represents years of work navigating land use and zoning complexities," said Shawn Stoneburner, Senior Director at CPSWFL. "It also reflects a strong vote of confidence in Southwest Florida's growth and future."

"This development will have a tremendous impact on our regional economy," added Gary Tasman, CEO and Principal Broker. "It's a $150 to $200 million investment that brings new housing, supports job creation, and further enhances the area’s connectivity."

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