Business
Costco Acquires 55-Acre Site in Fort Myers, Marking One of Southwest Florida's Largest and Highest-Value Land Sales
Costco Wholesale has acquired a 55-acre development site at the signalized intersection of Colonial Boulevard and Plantation Road, with additional frontage along Metro Parkway—marking one of the largest and highest-value land sales in Southwest Florida history.
About this update from Costco Wholesale Corporation
[{"type":"text","content":"FORT MYERS, Fla., May 13, 2026 /PRNewswire/ -- Costco Wholesale has acquired a 55-acre development site at the signalized intersection of Colonial Boulevard and Plantation Road, with additional frontage along Metro Parkway—marking one of the largest and highest-value land sales in Southwest Florida history.","length":313,"tagName":"p"},{"type":"image","alt":"Since 1975, Mayhugh Commercial Advisors has been the go-to leader in Southwest Florida for comprehensive commercial real estate solutions you can trust. (PRNewsfoto/Mayhugh Commercial Advisors)","displaySize":"","headline":null,"caption":"Since 1975, Mayhugh Commercial Advisors has been the go-to leader in Southwest Florida for comprehensive commercial real estate solutions you can trust. (PRNewsfoto/Mayhugh Commercial Advisors)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":291,"url":"https://media.zenfs.com/en/prnewswire.com/0228462b67456f6d20fbcabc22fe6bfe"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.Uh6.minzkOrSB9l.joi7w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUxMztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0228462b67456f6d20fbcabc22fe6bfe","width":400,"height":291},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/UblCYURQQ1tFBsKuJqW_pw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTQ2NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0228462b67456f6d20fbcabc22fe6bfe","width":400,"height":291}},"href":"https://mma.prnewswire.com/media/2507438/MAYHUGH_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The transaction was brokered by Chuck Mayhugh and Chase Mayhugh of Mayhugh Commercial Advisors, who represented the seller. The property traded at approximately $23 psf which translates to a overall purchase price of $55 million, setting a record on a per-acre basis for a tract exceeding 25 acres in the region.","length":312,"tagName":"p"},{"type":"text","content":"Why Costco Chose This Fort Myers SiteCostco selected this location after evaluating multiple sites across the Fort Myers market, ultimately choosing it for its superior infrastructure, high visibility, and ability to support a modern, high-efficiency retail layout.","length":266,"tagName":"p"},{"type":"text","content":"The site offers:","length":16,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Over 1,100 feet...