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Berger Commercial Realty’s Bill McGee III Reps Buyer In Purchase Of 70-Acre Development Site In Fort Myers

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Berger Commercial Realty/Corfac International Senior Vice President Bill McGee III negotiated the sale of Crossroads Commerce Center (PUD), a 70-acre development site located at 1100 Colonial Boulevard in Fort Myers, Florida.

Elevate Partners, LLC purchased the site from Summit Properties SW, LLC for $21,970,097. The deal closed February 25th.

McGee represented the buyer, Elevate Partners, LLC, in the transaction. Brandon Delanois with JLL represented the seller.

Elevate Partners is a real estate investment firm which focuses on the multifamily sector. The company actively purses both acquisitions and development opportunities and currently holds assets from South Florida to the Florida Panhandle up to Charleston, SC.

“Berger Commercial has worked with Elevate Partners since the company’s inception on identifying various development sites projects around the State of Florida,” commented McGee.

Plans for the newly purchased site include a commercial, multifamily, mixed-use, or retail development, but the project is still under review.

Crossroads Commerce Center is a unique, fully entitled, PUD zoning with all governmental agency permitting in place, allowing for 355,000 square feet of community commercial and related uses, nine (9) outparcels along Colonial Boulevard and two existing, fully constructed median openings in place with excellent visibility and traffic flow in one of the fastest growing areas of Lee County. The property also has one existing fully constructed median opening along SR 82 directly across from a Publix-anchored center and is within close proximity to I-75 and many residential developments.

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About Berger Commercial Realty/CORFAC International: Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently-owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com.

About CORFAC International: CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.

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