Fort Myers portfolio trades for $48M in region’s biggest industrial sale this year

by Grace McClung

A four-building portfolio in Fort Myers sold for $48.4 million, the largest industrial sale in Southwest Florida this year, according to the seller’s broker. A joint venture between Ohio-based Geis Companies and Illinois-based Westminster Capital sold the newly constructed Meridian Business Campus at 16101-16301 Parallel Drive to Capital Partners, according to a news release from JLL Capital Markets, which repped the seller. The campus, developed by the seller and completed in 2023, spans 208,400 square feet. The average building size is 52,000 square feet, and the average suite size is 19,000 square feet, the release said. It’s the largest industrial […]

This article originally appeared on The Real Deal. Click here to read the full story.