Seagate Development Group says it has purchased the Bell Boulevard Mine – a 502-acre fill sand and rock mining operation on State Road 82 in Fort Myers – from MCIN Bell, LLC for $15.3 million.
The permitted site, consisting of six million tons of import fill and 21 million tons of base rock, will be mined by Earth Tech Enterprises – a Seagate Development Group company – beginning in June. Seagate ultimately plans to develop this property when all material is sold, the company said in a May 10 statement.
“We look forward to the opportunity to continue our company’s mission of changing landscapes in Southwest Florida. To think that a property that people may not have given much thought could one day become someone’s place of work or home is nothing short of exciting,” said James Nulf, Jr., Chief Operating Officer and partner of Seagate Development Group.
LSI Companies, Inc. represented the buyer and seller in this transaction.
“With purchases like this, it’s clear that Seagate has their eye on the future and primary growth corridors in Lee County,” said Justin Thibaut, president and CEO of LSI Companies. “This was a very strategic acquisition, and we’re pleased to have had the opportunity to work with such a sophisticated buyer and seller in what was a very seamless transaction. I anticipate big things from Seagate on this property and look forward to what unfolds.”