David G. Archibald And Drew T. DeWitt Acquire Industrial Property In Port Saint Lucie For $8.5M

The sale of an industrial property located at 2600 SW Brigantine Place in Port Saint Lucie has been completed for a total of $8,498,070. This fully leased asset comprises 36,162 square feet, translating to a price per square foot of $235. The property features 44 tenants with bay sizes varying from 658 to 840 square feet and was built in 2019, conveniently positioned near Interstate 95.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,498,070
• Sale Price per Square Foot: $235
• Square Footage: 36,162
• Address: 2600 SW Brigantine Place
• Market: Port Saint Lucie
• Buyer: David G. Archibald & Drew T. DeWitt - East Capital Partners; Robert Davies - Tramview Capital Management; Thomas R. Burton - ABR Capital Partners
• Seller: GKMC LLC
• Brokers: Scott O’Donnell, Dominic Montazemi, Gregory Miller, Michael Ciadella & Miguel Alcivar - Cushman & Wakefield

Cushman & Wakefield played a pivotal role in brokering this transaction, acting on behalf of the seller GKMC LLC and facilitating the buyer group composed of a joint venture including East Capital Partners, Tramview Capital Management, and ABR Capital Partners. The transaction highlights the collaborative efforts of multiple parties in the real estate sector to finalize this deal.