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EQT Exeter Pays $92.5M for Lee County Business Park
McGarvey Development sold the CenterLinks Business Park to EQT Exeter for $92.5 million, a record for Lee County, according to company president John McGarvey. Adam Palmer at LQ Commercial represented the seller.
The 41-acre industrial park is located along Oriole Road near Alico Road, just west of Interstate 75 in Fort Myers. CenterLinks contains approximately 450,000 square feet of warehouse buildings, 100 percent dock-high office-industrial flex units, and general or medical office space. The nine warehouse buildings that comprise CenterLinks house nearly 40 tenants from an array of industries. More than 300 jobs have been created within the CenterLinks Business Park.
“In less than four years since our groundbreaking, we were at 90 percent build-out and leasing of CenterLinks when various equity firms started inquiring about buying. That’s very early for a development of this size,” said Jeff McGarvey.
- ◦Sale/Acquisition
