Cushman & Wakefield Negotates Sale of Southwest Florida Industrial Portfolio for $31M

TAMPA, FL – Aug. 25, 2008 – Cushman & Wakefield negotiated the sale of a 252,422 square foot Industrial Portfolio in Naples, Florida for $31 million.

Collier Park of Commerce (top right photo) - a seven building, 189,523 square foot park and Commerce Center (middle left photo) - a four
building, 62,899 square foot park are located at the northern border and directly across for the Naples
Municipal Airport. Combined, the portfolio was 96 percent occupied at the time of the sale.

Executive Director of Florida’s West Coast Capital Markets Group, Mike Davis,(bottom right photo) was quoted as saying, “Seven qualified full portfolio offers were evaluated before the selection of The Adler Group as the buyer.
This is significant since it demonstrates continued investor confidence in the Southwest Florida market.”

Executive Director Mike Davis (Capital Markets/Tampa); Associate Director Rick Brugge, CCIM (Capital Markets/Tampa); Executive Director Gary Tasman (C&W Naples) and Associate Director Brandon Stoneburner (C&W/Naples) negotiated the sale on behalf of the seller, Lund Capital Group. The buyer was The Adler Group.

Contact: Debbie P’Simer
813-204-5333
debbie.p’simer@cushwake.com