Fort Myers portfolio sells for $30 million

A New Jersey real estate investment firm has paid $30 million for an industrial flex portfolio in Fort Myers.

The properties are at 6150-6481 Metro Plex Drive and total 218,000 square feet.

Lee County property records show the buyer is an LLC with an address matching that of B&D Holding, a Warren, New Jersey privately held investment and development firm specializing in industrial properties. The LLC’s manager in the state’s Division of Corporations database is Martin Segal, who B&D identifies as its founder and CEO online.

The previous owner, according to county records, is an estate.

Matthews, the Nashville-based commercial real estate investment services and technology firm which represented the seller, says the portfolio includes 36 dock-high doors, nine drive-in doors and 19-foot to 26-foot clear heights.

It is currently occupied by “high-credit tenants,” the firm says.

Matthew says in a statement that the seller brought the portfolio to market “as part of a broader liquidation strategy to capitalize on strong buyer demand and maximize pricing and terms.”

The firm marketed the property and received 12 offers.

B&D was founded in 1986. According to its website, it owns 230 properties totaling 97 million square feet in 37 states.

Matthews’ Nick Watson, Jake Lurie and Aiden Hawkins represented the seller.