CBRE Arranges $30.5 Million in Financing for Class A Industrial Campus in Fort Myers, Florida

CBRE has arranged $30.5 million in acquisition financing for Meridian Business Campus, a 208,456-square-foot, four-building, Class A industrial property located at 16091-16251 Parallel Drive in Fort Myers.

Billy Mork of CBRE Capital Markets’ Debt and Structured Finance team in Minneapolis secured a 10-year fixed-rate loan at 5.5% with a partial interest-only period and 30-year amortization on behalf of the buyer, Capital Partners.

“We are thrilled to have placed acquisition financing through one of our correspondent life company relationships for Meridian Business Campus,” said Mork. “The property’s 208,456-square-foot, four-building footprint sits at the center of Fort Myers’ most sought-after inner-ring submarket, offering a truly differentiated mix of industrial, flex, showroom and retail space that appeals to a broad tenant base. Capital Partners has long recognized the strength of the Southwest Florida market, and this acquisition reflects their continued commitment to the region—as well as the sustained investor appetite for well-leased, new-vintage, multi-tenant industrial product in one of the country’s fastest-growing corridors.”

Meridian Business Campus is strategically located near Southwest Florida International Airport and offers immediate access to Interstate 75. Built in 2023, the property is currently 96.6% leased to a diverse range of eight tenants across a variety of healthcare, distribution and supply industries, with an average lease term of nearly six years.