A New Jersey real estate investment firm has paid $30 million for an industrial flex portfolio in Fort Myers.<\/p>\n
The properties are at 6150-6481 Metro Plex Drive and total 218,000 square feet.<\/p>\n
Lee County property records show the buyer is an LLC with an address matching that of B&D Holding, a Warren, New Jersey privately held investment and development firm specializing in industrial properties. The LLC\u2019s manager in the state\u2019s Division of Corporations database is Martin Segal, who B&D identifies as its founder and CEO online.<\/p>\n
The previous owner, according to county records, is an estate.<\/p>\n
Matthews, the Nashville-based commercial real estate investment services and technology firm which represented the seller, says the portfolio includes 36 dock-high doors, nine drive-in doors and 19-foot to 26-foot clear heights.<\/p>\n
It is currently occupied by \u201chigh-credit tenants,\u201d the firm says.<\/p>\n
Matthew says in a statement that the seller brought the portfolio to market \u201cas part of a broader liquidation strategy to capitalize on strong buyer demand and maximize pricing and terms.\u201d<\/p>\n
The firm marketed the property and received 12 offers.<\/p>\n
B&D was founded in 1986. According to its website, it owns 230 properties totaling 97 million square feet in 37 states.<\/p>\n
Matthews\u2019 Nick Watson, Jake Lurie and Aiden Hawkins represented the seller.<\/p>\n
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