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Ares expands Miami industrial footprint with $108.7 million acquisition

September 11, 2026

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Longpoint expands Miami bet with $195 million industrial portfolio acquisition

September 11, 2026
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    Ares expands Miami industrial footprint with $108.7 million acquisition

    September 11, 2026

    Briskel Pointe launches in East Boca Raton with 20 luxury townhomes

    September 11, 2026

    Longpoint expands Miami bet with $195 million industrial portfolio acquisition

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    Ares expands Miami industrial footprint with $108.7 million acquisition

    September 11, 2026

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    Ares expands Miami industrial footprint with $108.7 million acquisition

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Florida Real Estate Wire – Real Estate NewsFlorida Real Estate Wire – Real Estate News
Broward County Florida

Iconic Shell Factory Property Sold to South Florida Developer for Redevelopment

January 24, 2026
Historic shell factory building with shell sign on roof.
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The historic Shell Factory & Nature Park property in Fort Myers, a beloved roadside attraction for 85 years, has been sold to a Boca Raton-based developer for $3.92 million. The 19-acre site on U.S. Highway 41 is slated for redevelopment, though specific future plans have not yet been announced.

Key Takeaways

  • The 19-acre Shell Factory property in Fort Myers has been sold for $3.92 million.
  • The buyer is a Boca Raton developer, identified as an LLC linked to Procacci.
  • The new owner plans to redevelop the site, with multiple future-use options under consideration.
  • The Shell Factory & Nature Park closed in 2024 due to high maintenance costs.

A New Chapter for a Landmark Site

The property, which was home to the Shell Factory & Nature Park since the 1930s, closed its doors in 2024. The closure was attributed to the significant costs associated with ongoing maintenance and necessary repairs, making the park no longer viable in its current form, according to a statement from owner Pam Cronin.

The Sale and the Buyer

The 19-acre parcel was brokered by Cushman & Wakefield | Commercial Property Southwest Florida. While the firm did not initially disclose the buyer’s identity, public records indicate the LLC that purchased the property is named Shell NFM. This LLC shares a Boca Raton address with developer Procacci, a company known for projects like the Vineyards country club and housing community in north Naples. The sale closed in less than four months after being listed, attracting significant interest and multiple bids.

The Legacy of the Shell Factory

Originally opened in 1938, the Shell Factory was a prominent fixture in Florida’s tourism landscape during an era when roadside attractions were major draws. Pam Cronin and her late husband, Tom, purchased the property in 1997 when it was in disrepair and facing financial difficulties. Under their stewardship, they revitalized the attraction, which at its closure featured amusement-style rides, arcade games, miniature golf, extensive gift shops, and a 4.5-acre nature park housing over 400 animals.

Sources

  • South Florida developer buys Shell Factory property in Fort Myers, Business Observer.

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