Fort Myers, FL – March 15, 2019 – LSI Companies, Inc. brokered the first closing of a 450± acre multi-family property which sold for a total of $21,550,000. The property was purchased by Neal Communities of Southwest Florida from Lindvest Sarasota East, Ltd. and Lindvest Fruitville, Ltd. The site’s 450± acres is entitled for up to 900 residential units and a town center. The property is located at the NW Corner of Fruitville Rd. and Lorraine Rd. in Sarasota, FL, just south of Lakewood Ranch Golf & Country Club, Esplanade at Lakewood Ranch, and University Park. The deal was brokered by Justin Thibaut, Randy Thibaut and Doug Meschko of LSI Companies, Inc.
About LSI Companies, Inc.
LSI Companies is Southwest Florida’s leading real estate brokerage and development firm. The Company specializes in all aspects of site development, current market and valuation issues, acquisition and disposition services, due diligence evaluation, permitting status and compliance, work-out projects, asset management and zoning, and permitting for commercial properties. For additional information on the Company or its services, visit their website at www.lsicompanies.com or call (239) 489-4066.