Linkvest Capital, Indigo Properties Sell 5-Acre Development Site For $11.55M
The transaction marks the first of two planned dispositions from the joint venture’s 8.03-acre site.
The transaction marks the first of two planned dispositions from the joint venture’s 8.03-acre site.
The transactions include medical office, retail, industrial, multifamily and mixed-use properties across South Florida and Texas.
The sale equates to roughly $281 per square foot of land.
The parcel offers more than 1,000 feet of frontage along Florida’s Turnpike.
He brings more than 20 years of experience across the public and private sectors spanning real estate development, land use and zoning, urban planning, acquisitions and dispositions, asset management, and public-private partnerships.
The firm first brought on David Bateman as Managing Director for his operational leadership, broker implementation experience, and 20-year track record including senior roles at CBRE and Avison Young.
The new division is led by Director of Commercial Real Estate Shane McCain.
The properties were sold by Frisbie Group-affiliated ownership, along with entities tied to ophthalmologist Dr. Stephen Sullivan and Marcia Sullivan.
The site has long attracted developer interest because of its scale, location and proximity to transit.
The 7.75-acre development site sold for nearly $6.6 million.
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