East Capital Partners Tramview Capital Management ABR Capital Partners Purchase Peacock Business Center For $14.56M

The transaction involved the sale of the Peacock Business Center, located at 330 Northwest Enterprise Drive and 460 Northwest Peacock Boulevard in Port Saint Lucie. This industrial asset encompasses a total area of 61,954 square feet, with a sale price of $14,559,190, translating to a price per square foot of $235. The property was nearly 95% leased at the time of the sale.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,559,190
• Address: 330 Northwest Enterprise Drive & 460 Northwest Peacock Boulevard
• Market: Port Saint Lucie
• Square Footage: 61,954
• Price per Square Foot: $235
• Buyer: David G. Archibald & Drew T. DeWitt - East Capital Partners; Robert Davies - Tramview Capital Management; Thomas R. Burton - ABR Capital Partners
• Seller: 460 Peacock Business Center LLC
• Brokers: Dominic Montazemi, Gregory Miller, Michael Ciadella, Miguel Alcivar & Scott O'Donnell - Cushman & Wakefield
• Mortgage Brokers: Jason Hochman & Ronald Granite - Cushman & Wakefield

This transaction involved a joint venture consisting of East Capital Partners, Tramview Capital Management, and ABR Capital Partners as buyers, procuring the two-building portfolio from 460 Peacock Business Center LLC. The brokers from Cushman & Wakefield facilitated the deal, highlighting their involvement in the mortgage brokerage as well.