Northbridge Partners Acquires Industrial Property In Stuart For $30.9 Million With Ted Glasrud Associates As Seller

The property involves an industrial asset located at 7675 Southwest Ellipse Way & 7897 Southwest Jack James Drive in the Stuart market. The sale price was $30,900,000, covering a total square footage of 153,198, which translates to a price per square foot of $202.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $30,900,000
• Buyer: Northbridge Partners
• Seller: Ted Glasrud - Ted Glasrud Associates
• Brokers: Tyler Kuhlman, C'jon Armstead & Luke Hansen - CBRE

Key individuals involved in the transaction include the buyer, Northbridge Partners, and the seller, Ted Glasrud from Ted Glasrud Associates, with representation from brokers Tyler Kuhlman, C'jon Armstead, and Luke Hansen from CBRE, ensuring a straightforward transaction process.