Florida Industrial Portfolio Fetches $31 Million
The Adler Group trounced half a dozen competitors to purchase a 252,422 sq. ft. industrial portfolio in Southwest Florida for $31 million. Cushman & Wakefield represented the seller, Lund Capital Group, a private investment group based in Naples, Fla.
Article Tools
Latest News
Most Popular Articles
advertisement
The properties include Collier Park of Commerce, a seven-building, 189,523 sq. ft. complex; and Commerce Center, a four-building, 62,899 sq. ft. park. Both projects are by the Naples Municipal Airport, and the combined portfolio was 96% occupied at the time of the sale.
“Seven qualified full portfolio offers were evaluated before the selection of The Adler Group as the buyer,” says Mike Davis, executive director of the West Coast capital markets group at Cushman & Wakefield’s Tampa office. Davis says the number of qualified bidders “demonstrates continued investor confidence in the Southwest Florida market.”
In addition to Davis, the Cushman & Wakefield team representing the seller included Rick Brugge, an associate director; Gary Tasman, executive director; and Brandon Stoneburner, associate director.
Want to use this article? Click here for options!
© 2010 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus
Quick Poll
advertisement
NREI Interactive Products
-
Podcast
Commercial Real Estate: Hey, Save a Piece of Stimulus Pie for Me!
Following a year that saw the near meltdown of the banking system, 2010 could shape up to be a better year for investors, though perhaps not as robust as some would wish.
-
Podcast
Is the Recession Over?
Rick Mattoon, senior economist with the Federal Reserve Bank of Chicago, shares the latest numbers from the Fed's National Activity Index that show the economy is experiencing a fairly sharp rebound from the bottom of the Great Recession.
Webinars
2010: The Year of the Sale - Leaseback
This webinar provides brokers, bankers, developers, CFOs and real estate executives with a blueprint for accessing the many facets of the sale-leaseback model.
Blogs
-
Green Shoots
-
BlackSwan
-
Traffic Court
Current Issue
Marketplace Ads
advertisement
advertisement
advertisement
advertisement
