Capital Partners Acquires Meridian Business Campus In Fort Myers For $48.35M From Geis Companies And Westminster Capital

The transaction involved the sale of Meridian Business Campus, an industrial property located at 16101-16301 Parallel Drive in Fort Myers, Florida. The asset encompasses 17.3 acres and features a total of 208,447 square feet across four buildings. The property sold for $48,350,000, with a price per square foot of $232. The campus was completed in 2023 and was 96.5% leased at the time of sale.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $48,350,000
• Address: 16101-16301 Parallel Drive
• Market: Fort Myers, FL
• Acres: 17.3
• Square Footage: 208,447
• Price Per Square Foot: $232
• Buyer: Capital Partners
• Seller: Geis Companies & Westminster Capital
• Brokers: John Huguenard, Luis Castillo & Cody Brais - JLL

JLL Capital Markets facilitated the sale of the property, representing the seller in this significant transaction. The brokers involved, John Huguenard, Luis Castillo, and Cody Brais from JLL, played a vital role in coordinating the sale between Capital Partners and the joint venture formed by Geis Companies and Westminster Capital. This transaction marks the largest industrial deal by sale price in Southwest Florida for the year 2026.