DEAL MAKERS
THE BIGGEST DEAL
SUMMER 2024
Adam Palmer , CCIM , and Michael Doyle , CCIM - Record-Breaking $ 92.5 Million Commercial Real Estate Deal in Fort Myers , FL
Adam Palmer , CCIM , and Michael Doyle , CCIM , represented the buyer , Exeter 9121 CenterLinks Commerce , in a $ 92.5 million transaction of CenterLinks Business Park , a 454,200-sf business park property located in Fort Myers , FL .
This sale is the largest industrial sale in Southwest Florida ’ s history , and includes Sarasota , Charlotte , Lee , and Collier counties .
CenterLinks Business Park Fort Myers , FL
“ The fact that the buyer for this property was an institutional buyer that generally would not invest in the small bay product type of the subject portfolio , nor in a secondary geography like where it was located , was very interesting to me ,” states Palmer . He believes this could be a fortuitous case study of what the future holds if other institutional investors move into secondary and tertiary markets .
Although he started out as a software engineer , Palmer found his calling in commercial real estate , acting as a broker for more than 20 years . With his corporate background , his ability to work with a variety of people daily , as well as the emotional aspect involved , he naturally gravitated toward working in the industry .
Palmer credits his success to his CCIM Designation and the education he received from The CCIM Institute . This professional develpment has been instrumental in shaping his business strategy and enabling him to accurately calculate which opportunities makes more sense down to the dollar .
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