Walton Street Capital Acquires Premier Fort Myers Industrial Park

Author

Slice of Real Estate Team
November 11, 2024

Key Highlights:

  • Walton Street affiliate acquires Tri-County 75 in Fort Myers, FL

  • Four-building, Class-A industrial park totaling 816,866 sq. ft.

  • 94% leased at acquisition to diverse distribution tenants

  • Strategic location near I-75 with access to major Florida cities

  • Built-in 2023, featuring state-of-the-art specifications

Source: Business Wire

Notable Quotes:

❝

“This acquisition of a newly built, high-quality industrial park provides immediate scale and supports our growth efforts in markets that have seen robust leasing and population growth in recent years.”

Stephen Sotoloff, Head of Acquisitions at Walton Street Capital
❝

“Tri-County 75 represents a unique opportunity to acquire a premier asset in a rapidly expanding Florida market. We are excited about the blue-chip tenancy and expansion of our industrial footprint across the region.”

Tom Jaeger, Senior Principal at Walton Street Capital

Our Take:

This strategic acquisition by a Walton Street Capital affiliate underscores a calculated expansion into the rapidly growing industrial real estate sector of Southwest Florida. With its high occupancy rate and Class-A specifications, Tri-County 75 is well-positioned to support e-commerce and logistics growth, aligning Walton Street’s portfolio with ongoing market demands. Its advantageous location near I-75 provides vital access to a substantial regional population and key Florida metropolitan areas, enhancing its appeal to large-scale distribution tenants. This acquisition not only strengthens Walton Street’s industrial presence but also reflects a keen adaptation to shifting real estate demands in high-growth, infrastructure-rich regions.