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Glenstar, Columnar Holdings to Start $98M Industrial Complex in Fort Myers
Square Mile Capital Management, LLC, has originated a $97.5-million loan to partners Glenstar and Columnar Holdings to build a 819,000-square-foot industrial complex in Fort Myers, FL.
The Tri County 75 Industrial Campus will provide immediate access to I-75 and Highways 80 and 82. It will consist of three rear-loaded buildings and one cross-docked building featuring 32-foot and 36-foot ceiling heights, 875 car and trailer parking stalls, and a total of 232 dock doors.
“This transaction resulted from a compelling opportunity to provide construction financing in a market with strong industrial fundamentals,” said David Greenburg, Square Mile Capital principal. “We expect the project to be well received by the market upon delivery as a result of the Fort Myers submarket’s low industrial vacancies, high net absorption, and extensive list of tenants looking for space in the area.”
- ◦Development
