PEBB Enterprises and Banyan Development continue to target the Treasure Coast region for strategic investment opportunities, with a particular focus on rapidly growing Port St. Lucie.
The 211,547-square-foot industrial facility is situated on 12.71 acres.
Built in 1995, the warehouse was previously owned by Cabot Properties, which acquired it in 2019 for $33 million.
Beck represented the seller, Midtown Capital, led by Zach Fox, in the sale. The property was acquired by Adler Properties.
Read on for the most popular news headlines this past week on CRE-sources.
The 25-acre property will soon feature three state-of-the-art buildings ranging from 60,000 to 300,000 square feet.
Before joining Transwestern, he served as Executive Managing Director and Principal at Colliers, overseeing approximately 400 professionals while leading Atlanta’s operations and partnership.
Stream’s Managing Directors and Executive Vice Presidents Nick Wigoda and Steve Medwin will lead the leasing efforts on behalf of ownership.
The transaction stood out due to its unique challenges, including lease complexities, capital markets considerations, and multiple other intricacies that required Von Romer’s expertise and persistence. Von Romer represented both parties in the transaction.
Read on for the most popular news headlines this past week on CRE-sources.