Berkadia Negotiates $3.5 Million Price in Sale of Seven-Acre Multi-Family Development Site in Fort Myers

FORT MYERS, Fla. --- Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated a $3.5 million price in a sale of the 7.87-acre Plaza Fort Meyers multi-family development site located at 2144 McGregor Boulevard in Ft. Myers. Cole Whitaker, Florida partner for Berkadia, negotiated the sale with Senior Partner Hal Warren and Broker Associate Mary Beale. Berkadia represented the seller, Land Holding LLC. Madison Ave Investment Group acquired the site, located adjacent to the Publix Supermarket at First Street Village three blocks from U.S. 41 and one block from the river. Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.