Land clearing has started for the $12 million Gulf Coast Medical Park on Plantation Road in south Fort Myers. The medical park is 93 percent leased out. It’s adjacent to Gulf Coast Medical Center.

Land clearing has started for the $12 million Gulf Coast Medical Park in south Fort Myers.

Construction preparations are under way for the $12 million Gulf Coast Medical Park off Plantation Road south of Fort Myers.

The medical office park – 54,000 square feet divided among four buildins – is 93 percent preleased or pre-sold to a combination of users and investors, said Magnus Karlstedt, the project owner and general contractor with MK Construction of Punta Gorda.

Karlstedt said Gulf Coast Hospital will use one of the one-story buildings for its hyperbaric medicine office and physician Valerie Dyke is moving into the other from her office’s present location near the former campus of Southwest Florida Regional Medical Center.

“It took me a long time to get this all together, but the response has been good,” Karlstedt said.

Karlstedt said he spoke to about 30 banks before securing financing for the project from American Momentum Bank, which has an office in Naples.

He said he expects tenants to be open at the park in about a year.

The overall market for office space has been soft, but the $285 million expansion of Gulf Coast Hospital created a focused demand, said Jim Garinger, principal and managing director of Colliers Arnold Commercial Real Estate in Fort Myers.

“There has been a pent-up demand for doctors’ and other professional office space in that area,” Garinger said. “The growth along the Daniels corridor is creating a lot of opportunity.”

Garinger’s firm represented the landowner who sold the 4.8 acre site to Karlstedt for $2.7 million.

Michael Timmerman, a Naples-based senior associate with Fishkind & Associates, an Orlando-based economic consulting firm, said hospitals are strong draws for related offices.

“The hospital is really the catalyst,” Timmerman said. “Physicians typically are looking to be as close to the hospital as possible.”

More Details - Gulf Coast Medical

The News-Press, Business & Money
April 30, 2009

“Medical park finds home near Gulf Coast Hospital”
By Tim Engstrom
 

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