As the islands of Sanibel and Captiva experienced population growth over the last three decades so has The Sanibel Captiva Trust.

With its current space on Palm Ridge Road on Sanibel at capacity, the independent trust company with more than $3.5 billion in assets under management announced the purchase of the 7,767-square-foot Bank of America building, a half-mile away on 2450 Periwinkle Way. The company didn’t disclose the price of the transaction.

CEO Terrence M. Igo said the building that was built in 1988 will undergo a complete makeover with an external update and a total redesign on the inside. The move will maximize space for current employees and make room for future hires.

“It’s an attractive building and the property’s central location on Periwinkle gives us more exposure from the street and easier access and egress for visitors to The Trust Company,” Igo says.

All 17 employees are expected to move to the new property in late 2022. “The daily functionality of the new space will support the logistics of a growing company, such as more meeting rooms to visit with clients, a comfortable lobby area, ample private offices and collaborative workspaces for our employees, plus much-needed storage space,” Igo says.

Joyce Owens, FAIA, RIBA, of Architecture Joyce Owens LLC in Fort Myers was selected as the architect of the project. Owens designed the building The Trust Company currently occupies as well as two of The Tampa Bay Trust Company offices in Tampa Bay. 

Angi Lamers, Interior Designer at Workscapes Inc. of Fort Myers will manage space planning for the interior and Mark Anderson, president of Benchmark General Contractors Inc., also of Fort Myers, will head up the build-out.

Igo declined comment on the status of the Palm Ridge Road property once the company moves out.