EQT Exeter Acquires Industrial Property In Fort Myers For $92.5M

The industrial property located at 16770 Oriole Road in Fort Myers has been sold in a recent transaction. The asset spans 454,200 square feet and was acquired for $92,500,000, translating to a price per square foot of $204.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $92,500,000
• Address: 16770 Oriole Road
• Market: Fort Myers
• Buyer: EQT Exeter
• Seller: McGarvey Development
• Brokers: Adam Palmer, CCIM, SIOR & Mike Doyle, CCIM - LQ Commercial Real Estate Services

Adam Palmer, CCIM, SIOR, and Mike Doyle, CCIM from LQ Commercial Real Estate Services facilitated the transaction as the brokers representing the buyer and seller in the industrial property deal at Oriole Road. The involvement of these experienced brokers ensured a successful conclusion to the real estate transaction.