Past Florida CCIM Chapter President Adam Palmer, CCIM, and Michael Doyle, CCIM, represented the buyer, Exeter 9121 CenterLinks Commerce, in a $92.5 million transaction of CenterLinks Business Park, a 454,200-sf business park property located in Fort Myers, FL.
This sale is the largest industrial sale in Southwest Florida’s history, and includes Sarasota, Charlotte, Lee, and Collier counties.
“The fact that the buyer for this property was an institutional buyer that generally would not invest in the small bay product type of the subject portfolio, nor in a secondary geography like where it was located, was very interesting to me,” states Palmer.
He believes this could be a fortuitous case study of what the future holds if other institutional investors move into secondary and tertiary markets.
Although he started out as a software engineer, Palmer found his calling in commercial real estate, acting as a broker for more than 20 years. With his corporate background, his ability to work with a variety of people daily, as well as the emotional aspect involved, he naturally gravitated toward working in the industry.
Palmer credits his success to his CCIM Designation and the education he received from The CCIM Institute. This professional development has been instrumental in shaping his business strategy and enabling him to accurately calculate which opportunities makes more sense down to the dollar.
About CCIM
“CCIM stands for Certified Commercial Investment Member. For more than 50 years, CCIMs have been recognized as leading experts in commercial investment real estate. The CCIM lapel pin denotes that the wearer has completed advanced coursework in financial and market analysis, and demonstrated extensive experience in the commercial real estate industry.”
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