Austin Willis Of Willis Lease Finance Corp Acquires Cocomar Business Park From Bob Faith For $118M

The transaction involved the purchase of a 35-acre industrial property located at 4733, 4763 & 4851 West Atlantic Boulevard in Coconut Creek, FL. The asset, known as the Cocomar Business Park, spans a total square footage of 374,910 and was sold for $118,000,000, translating to a price per square foot of $315. The property is currently under construction and will serve as the new headquarters for Willis Lease Finance Corp, with occupancy anticipated by early 2027.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $118,000,000
• Address: 4733, 4763 & 4851 West Atlantic Boulevard
• Market: Coconut Creek, FL
• Acres: 35
• Square Footage: 374,910
• Price per Square Foot: $315
• Buyer: Austin Willis - Willis Lease Finance Corp
• Seller: Bob Faith - Greystar

Austin Willis represents Willis Lease Finance Corp in this transaction, while Bob Faith represents Greystar. The deal marks a significant step for Willis Lease Finance, emphasizing its commitment to establishing a substantial presence in Coconut Creek.