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.
The companies plan to develop a 595,000-square-foot depot facility at the site.
The massive industrial park in Stuart, Florida is being developed by Foundry Commercial.
Kirk Nelson, Robert Smith, and Jeff Kelly with CBRE represented the tenant in lease negotiations.
Over the past decade, he has built his career as a market-leading brokerage professional specializing in industrial landlord and tenant representation and has completed industrial sale and lease transactions valued at more than $2 billion.
To date, Redfearn Capital has closed 55 properties throughout Florida and the Southeast totaling over $600 million of acquisitions.
The building is available for immediate occupancy and features 3,800 square feet of office space, 36-foot clear heights, 48 dock doors, two drive-in doors, 60 trailer parking spaces and ample automobile parking spaces and outdoor storage facilities.
Prior to joining Colliers, he served as Senior Managing Director and Caribbean Market Leader at Newmark as well as Executive Vice President at CBRE.
Robert Smith, Kirk Nelson, and Jeff Kelly with CBRE Industrial & Logistics represented the seller in the transaction. The buyer was represented by NAI Miami.
The team will focus on representing owners, tenants, and investors of industrial property throughout Florida.
The transaction is the first West Palm Beach market purchase for ALP and continues the expansion of the firm’s national industrial footprint.The portfolio is 98% leased with a diverse rent-roll of over 40 tenants.
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