Cushman & Wakefield Reps Seller In Sale Of High-Profile Fort Pierce Dev Site

Cushman & Wakefield represented Mayfair Fort Pierce, LLC in the sale of a 7.75-acre development site in Fort Pierce for nearly $6.6 million.

Cushman & Wakefield’s Mike Donaldson, Nick Meoli, Greg Rainey and Ken Krasnow represented the seller, a development team comprised of Yasir Khan, Sam Jazayri, Jack Travone, Sammed Govaria and Alloudin Bhullar that develops self-storage, industrial and multifamily in South Florida and recently completed a phase-one development of 86 multifamily units adjacent to the sold site.

HCA Florida Lawnwood Hospital acquired the tract.

Located at 1801 Nebraska Ave. in Fort Pierce, the site is located across the street from the HCA Florida Lawnwood Hospital and within walking distance to a plethora of points of interest, including Lawnwood Stadium, Lawnwood baseball complex, St. Lucie County skate park and the Havert L. Fenn Center events venue.

Located in Florida’s Treasure Coast region, St. Lucie County has seen significant growth over the past few years with a 21.59% population increase since 2020.

“The proximity to HCA Florida Lawnwood Hospital in this affluent, high-growth market created ideal synergies for both seller and buyer,” said Donaldson, Cushman & Wakefield Vice Chair. “We initially brought out the site as a development opportunity for a phase II multifamily project tied to the existing, adjacent 86-unit development, and that yielded excellent interest due to its strategic location within the core of Ft. Pierce and the Treasure Coast.”

 

Added Krasnow, Cushman & Wakefield Vice Chair, “Ultimately, the site was sold to HCA Florida Healthcare due to its ideal proximity to the hospital offering future expansion potential to accommodate the growing region.”