SVN Florida’s Bartow McDonald Successfully Closes $5.3MM Deal on 30-Acre Industrial Property in Ocala, Florida
Ocala, Florida (October 29, 2015)—Bartow McDonald IV, Managing Director of SVN Florida serving the Ocala and north Central Florida region, successfully completed the $5.3MM transaction for a 30-acre industrial property in Ocala. McDonald represented the buyer, R&L Carriers, on the property that formerly served as a manufacturing facility for Merillat, a cabinet maker company. The seller was Merillat’s parent company, Masco Cabinetry, LLC.
The 260,000-square foot property is one of the largest industrial properties in the region.
Well known and respected in the Ocala-Gainesville area, McDonald has played a key role in providing his expert guidance and counsel in some of the largest industrial transactions in the region. With the recent property purchase by R&L Carriers, McDonald believes that the area is developing into a vibrant hub for logistics and distribution companies.
“Global logistics and transportation firms, such as R&L Carriers, view centrally-located Ocala as a strategic location in helping their customers manage supply chains throughout Florida and beyond,” said McDonald. “This is great news for Ocala.”
The transaction represents another substantial investment from the Roberts family into the Ocala community. The Roberts are now one of the largest owners of commercial and industrial real estate in Marion County with this purchase, according to McDonald.
“This property has been out of production for several years and it will now be a major contributor to the area’s economy with its strategic location along I-75,” McDonald said. “The Roberts family has a significant track record of making things happen here and that continues to translate into jobs and opportunities for people in our community.”
SVN Florida provides services in more locations than any other Florida commercial real estate firm and Advisors in Jacksonville, St. Augustine, Tallahassee, Panama City, Pensacola, Ocala, New Smyrna Beach, Orlando, Lake Mary, Winter Park, Tampa, St. Petersburg, Sarasota, Bradenton, Naples, Fort Myers, Jupiter, West Palm Beach, Stuart, Fort Lauderdale, Hialeah and Miami. The SVN Florida team represents clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions.
About Sperry Van Ness Florida Commercial Real Estate Advisors:
Sperry Van Ness International Corporation (SVNIC), a commercial real estate brokerage franchisor headquartered in Boston, MA, is one of the industry’s most recognized brands based on the annual Lipsey Top Brand Survey. With more than 190 locations in 500 markets, Sperry Van Ness® Commercial Real Estate Advisors provide sales, leasing, and property management services to more than 5,550 clients worldwide. SVN Florida consists of more than 90 Advisors serving locations throughout the state. Sperry Van Ness Advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions. All Sperry Van Ness offices are independently owned and operated. For more information on SVN Florida, visit www.svnflorida.com. For the latest news, trends and issues related to the commercial real estate market, visit SVN Florida’s blog http://svnflorida.com/real-estate-blog/
Bartow McDonald IV, Managing Director
Sperry Van Ness Florida
Zeszutko Corp.-PR on behalf of SVN Florida