Cushman & Wakefield Arranges Sale Of Port St. Lucie Industrial Center

Cushman & Wakefield arranged the $8,498,070 sale of Gatlin Commons Business Center, a 36,162-square-foot industrial property located at 2600 SW Brigantine Place in Port St. Lucie.

Cushman & Wakefield’s Greg Miller, Scott O’Donnell, Dominic Montazemi, Mike Ciadella, and Miguel Alcivar structured the sale on behalf of the seller GKMC LLC and the buyer 2600 Brigantine Property, LLC, whose principal firms comprise a joint venture between East Capital Partners, Tramview Capital Management, and ABR Capital Partners.

“Gatlin Commons offers a premier location east of Interstate 95 and is home to 44 tenants that are integral to the local economy. The purchaser was also able to assume the seller’s accretive existing loan at closing,” said Miller, Director, Capital Markets at Cushman & Wakefield.

Built in 2019, Gatlin Commons Business Center is a fully occupied small-bay light industrial building with bay sizes ranging between 658 square feet up to 840 square feet. Property features include windows and doors with impact glass, a pre-engineered pitched metal roof, 49 rear-grade level doors, and 14-foot clear heights.

Gatlin Commons Business Center is situated in Port St. Lucie, which is conveniently located halfway between Miami and Orlando and is served by Interstate 95, the Florida Turnpike, Florida East Coast Rail, Port of Fort Pierce, and the Treasure Coast Airport.