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 seller executed a sale-leaseback agreement at closing, allowing the company to continue occupying the property for 30 years.
Pricing expectations exceed $200 million.
The seller, which also occupied the property, is relocating its operations to the Doral Airport West submarket.
The sale represents the largest industrial land transaction in Martin County since 2023.
The 25-acre site offers a blank canvas for redevelopment in an infill location surrounded by key demand drivers and amenities.
South Florida commercial real estate’s top talent and transformative projects honored during signature event. Manny De Zarraga received the Lifetime Achievement Award.
The two building portfolio totals ±47,350 square feet.
The final sale price doubled the initial stalking horse bid, resulting in a significant victory on behalf of the victims.
The mixed-use property features a 20,150-square-foot class A office building with an attached 18,048-square-foot private hangar that can accommodate up to four planes, a luxury 2-bedroom/2-bathroom apartment overlooking the runway, and a prime development opportunity for fee simple-owned land zoned for additional airplane hangars or industrial development.
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