Colliers Facilitates The Sale Of ±24.1 Acres In Port St. Lucie For $15.5M
Colliers Executive Vice President Michael Falk, Senior Vice President Russell Bornstein, and Associate Jonathan Temple represented the seller in the transactions.
Colliers Executive Vice President Michael Falk, Senior Vice President Russell Bornstein, and Associate Jonathan Temple represented the seller in the transactions.
Senior Vice President Derek Baker and Executive Vice President Michael Falk of Colliers South Florida represented the landlord, LRP Properties Abacoa, LLC., in the transactions. Dennis Waggner of Cresa and Tara England of Cushman & Wakefield represented the tenants.
Colliers Executive Vice Presidents Michael Falk and Scott Weprin, Senior Associates Jason Weprin, Robert Dabrowski, and Associate Jonathan Temple represented the landlord, McCraney Property Company, in the deal. Managing Director and Partner David Kendall of SVN Safe Haven Advisors represented the tenant, GummyWorks, in the lease negotiations.
The 61-acre site features building sizes ranging from 100,000-400,000 square feet, with approval for up to 700,000 square feet of industrial development.
The property offers spaces from 25,000 square feet to the entire building for lease.
The property is expected to be completed in February 2023.
The entire 61,451-square-foot building is currently being marketed for lease by Colliers, offering any combination of the four ±16,000-square-foot floorplates.
Northeastern investors continue to move their capital to the West Palm Beach office market.
The building is currently 97% occupied.
This boom looks unlikely to lead to bust, developers and brokers say, simply because so few warehouses have been built in recent years. CLICK ON THE HEADLINE FOR MORE
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.