Costco, Sansone Group Acquire 192 Acres In Port St. Lucie For Industrial Development
The companies plan to develop a 595,000-square-foot depot facility at the site.
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The companies plan to develop a 595,000-square-foot depot facility at the site.
Senior Vice Presidents Keith R. Graves, CCIM, SIOR and Jonathan Thiel as well as Sales Associates Daniel Forman and Lawrence Oxenberg will spearhead the leasing initiatives for a diverse range of buildings within the portfolio.
Thad Adams, Managing Director of Brokerage Services at The Allen Morris Company, along with Rafael del Rosal and Maricarmen Cabrera, also with The Allen Morris Company, represented the tenant in lease negotiations. Kevin Gonzalez, Senior Vice President, Tom Farmer, Vice President and Stephen Rutchik, Vice Chairman with Colliers, represented the landlord.
The transaction ranked as South Florida’s largest urban retail lease in 2023 and the fourth-largest retail lease deal overall.
The property features a full block’s frontage on Biscayne Boulevard between 25th and 26th streets.
Jake Zebede, Owner of Trustone Advisors, and Joseph Linder, Associate, played a pivotal role in the transaction.
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