Drew DeWitt & David Archibald Of East Capital Partners Acquire Industrial Asset In Port St. Lucie For $9.55M

The property asset sold is an industrial space located at 534 Northwest Mercantile Place in the Port St. Lucie market. The transaction was completed for a total price of $9,550,000, with the property measuring 53,816 square feet, resulting in a price per square foot of $177.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,550,000
• Address: 534 Northwest Mercantile Place
• Market: Port St. Lucie
• Buyer: Drew DeWitt & David Archibald - East Capital Partners
• Seller: Lawrence Hayes & James Pascucci - Mercantile Condominium Association
• Brokers: Adam Steinlauf & Michael Lewin - Katalyst Real Estate & Development

This transaction involved key individuals including Drew DeWitt and David Archibald representing East Capital Partners as the buyers. The sellers, Lawrence Hayes and James Pascucci, represented the Mercantile Condominium Association. Adam Steinlauf and Michael Lewin from Katalyst Real Estate & Development played a significant role as brokers facilitating the deal.