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Southwest Florida's Most Comprehensive Guide to Commercial Real
Estate
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Feature
Story The
Naples-based company was established in early 1995 by Todd
Gates and James McVey, who were joined by Steve Robison 18
months ago. Together, they specialize in providing turnkey
commercial space to a wide variety of professional and medical
users. “The
people we cater to basically are first-time buyers who are
leasing and are tired of paying rent. They want to own and
occupy their own building,” said Gates, noting that he also
works with investors and tenants. “We can handle all of
their needs, from land acquisition and design, to permitting
and construction, as well as coordinate the management and
leasing.” Through
Gates McVey Capital Group, the development arm of the
organization that encompasses realty and mortgage companies,
the firm will also arrange or provide financing for clients,
offering a single source to meet their various individual,
construction-related requirements. “It’s actually less
expensive to buy a building than to rent one,” said Robison.
“And we can finance them at attractive rates.” While
the firm has built a large number of commercial projects over
the years including shopping centers, restaurants, hotels,
hospitals and medical facilities, it probably is best known
for developing and building offices. In
1999, Gates McVey set the standard for courtyard-style,
single-story office construction at Park Central. Located at
the intersection of Airport and Pine Ridge roads in Naples,
one of Collier County’s busiest intersections, Park
Central’s 10 buildings (each with approximately 3,000sf),
sold out in just two months to an evenly-divided mix of
medical practices and professional firms. According
to McVey, the project’s central location, flexible floor
plans and accessible single-story building design were among
the many reasons for Park Central’s rapid success. “Also,
being very active in the community, we knew the need was
there,” said McVey. Traditionally,
however, it’s the Gates McVey reputation for quality
construction that clinches the deal for most buyers, such as
Michael Gallops, M.D., who was the first to open in Park
Central two years ago. Gallops is a partner in Anchor Health
Centers and operates a family medical practice in 3,000sf with
Robert Korolevich, M.D. “The
main thing that attracted me to James and Todd was their
honesty and integrity, qualities that aren’t always easy to
find in the building industry,” said Gallops. “Reputation
is so important when you’re choosing a builder, and Gates
McVey is well-respected in the medical community for
developing first-class medical projects.” Gallops
said he worked closely with the firm on his building’s
interior design, to ensure a space that would meet the needs
of his practice and be patient-friendly, as well. The
completed project was just what the doctor ordered Ñ on
schedule and on budget. “It’s
not like some builders who quote one price and charge
another,” said Gallops. “When they quote you a
per-square-foot price, that’s what it actually is.” Besides
setting a new standard for commercial construction, Park
Central set the stage for a string of successes for Gates
McVey, including the following Naples projects: ¥
Cambridge Square (Pine Ridge Road, near I-75): 10
buildings totaling 35,000sf sold out in just six months; ¥
Stanford Square (Airport Road, across from the Collier
County Government Center): Six buildings of approx. 3,000sf
each and two buildings of 4,200sf each; ¥
Edgemont Office Plaza (Naples Boulevard, next to
Hollywood Cinemas): 11 buildings of approx. 3,000sf each; ¥
Park East (Golden Gate Boulevard): Nine buildings of
approx. 3,000sf each; ¥
Lely Professional Center (East Tamiami Trail, across
from Lely Country Club): Four buildings of approx. 4,000sf
each; ¥
The Strand Professional Center (off Immokalee Road):
Approx. 35,000sf built for Strand Communities. More
recently, Gates McVey has been edging north into Bonita
Springs, showcasing its development expertise at the Bonita
Professional Center, just east of U.S. 41. The center consists
of six buildings totaling 18,000sf for sale or lease. Farther
up the road, next to the new Regal Cinemas, is another Gates
McVey development, Center at the Springs. When completed later
this year, there will be two buildings of around 12,000sf
each, owned and leased by the firm. The first building is the
corporate headquarters for the Sater Group. But
by far, the firm’s principals seem most excited about its
newest Lee County projects. Located in Fort Myers, the three
projects showcase Gates McVey’s talent for building office,
retail and hotel space in fast-growing areas. “We
look for residential rooftops because they need support
services,” and support services need space in which to
operate, said Gates. “So if there are lots of rooftops in an
area and no office space, we want to be there.” According
to McVey, Fort Myers is hardly foreign territory. “We’ve
already had some initial success in Lee County, so it’s
familiar to us,” said McVey. “Also, many of the
subcontractors we work with here in Naples are based in Fort
Myers, so we’re in good shape.” In
February, for example, Gates McVey completed construction of
one of the largest Hampton Inns in Fort Myers. Located on
Summerlin Road near San Carlos Boulevard, the upscale hotel
contains 120 rooms and suites. Now
the firm is poised to break ground on two new office
developments, Central Park and Health Park Commons, which
already has signed contracts from several buyers. Central
Park. Like its name, Central Park is closely modeled after its
Naples counterpart. It is located west of U.S. 41, south of
Daniels Parkway and north of Six Mile Cypress Parkway, behind
the Mercedes dealership. “According to our research, it’s
the center of town,” said Robison. Plans
for the upscale, professional park include 22 buildings of
3,000sf each, designed to accommodate corporate headquarters,
medical suites and professional offices. As with other Gates
McVey projects, features and amenities include quality
concrete block construction and numerous upgrades such as
concrete tile roofs, lush landscaping, concrete walkways and
lighted parking, with covered spaces available. Central
Park is strategically located within walking distance of a
supermarket, post office, three hotels, the Bell Tower Shops,
a 20-screen movie complex and numerous restaurants. It’s
also convenient to area hospitals, I-75 and the Southwest
Florida International Airport. HealthPark
Commons. Its prime location on Bass and Summerlin roads will
make this the closest office space to Lee Memorial HealthPark.
With 15 buildings in a courtyard setting, HealthPark Commons
will total approximately 45,000sf upon completion. Gates
McVey is developing the project in partnership with Pelican
Bay Development, which has developed many Publix-anchored
shopping centers and Eckerd Drugs stores in Southwest Florida.
“They’re known for developing high-end retail facilities
and we’re known for developing superior office
facilities,” said Gates. “We’re looking forward to
sharing our experience on this project.” To
date, he said, many people have expressed interest in buying,
even though ground has yet to be broken and the project has
not been aggressively marketed. Nonetheless, Phase One’s
three buildings already are sold, prompting the need to make
Phase Two available for sale. One
of the first buyers was Dr. Jeffrey Lewis, a general surgeon
who plans to relocate to a 3,000sf building in HealthPark
Commons from the Barkley Circle office he’s occupied for
seven years. According to Suzy Lewis, his wife and office
manager, proximity to HealthPark and Gates McVey’s
reputation made them decide to build rather than buy existing
space. “We
looked at other areas in south Lee County and interviewed
other contractors. After talking to Realtors about the
project, we were most impressed with the HealthPark Commons
team,” she said. “They deliver what they say they will,
and they’re held in very high regard in the medical field. I
think the fact that we had no intention to build says a lot
about the contractor and our confidence in their abilities.” Lewis
said although her husband has privileges at all area
hospitals, he operates primarily at HealthPark. “The
majority of our patients prefer to go there because they like
the atmosphere and the services are excellent,” she said.
“Once we move, he’ll be on the hospital campus next to the
surgical facilities, which will help us be more efficient.” Since
deciding to build at HealthPark Commons, Lewis said she’s
been encouraging other medical professionals to do the same. |
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