Fort Myers portfolio trades for $48M in region’s biggest industrial sale this year
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.
Recent Posts
Dov Stark sets record with $55M Fort Lauderdale estate listing
Will Lincoln Road reclaim its crown? 18K sf food hall leads recent leasing surge
Hard Rock Cafe lets Downtown Miami lease lapse after 30-plus years
Jorge Pérez, BH have Hollywood oceanfront landmark under contract from Chetrit Group
Related Group, BH score approval for Rosewood Residences West Palm Beach
Admiral’s Cove mansion leads Palm Beach luxury contracts at $19M
South Florida’s top deals: Sunset Island site sells for $35M
Federal housing bill puts supply in focus
Photo-ready homes sell faster, real estate pros say
