JLL arranges largest Southwest Florida industrial sale of the year

MIAMI, June 23, 2026 – JLL Capital Markets announced today the $48.35 million sale of Meridian Business Campus, a newly constructed, four-building industrial portfolio totaling 208,447 square feet in Fort Myers, Florida.

JLL represented the seller, a joint venture between Geis Companies and Westminster Capital, in the transaction. Capital Partners acquired the asset.

Completed in 2023, Meridian Business Campus comprises four shallow bay industrial buildings situated on 17.3 acres along Ben Hill Griffin Parkway at 16101-16301 Parallel Dr. The master-planned business park features an average building size of approximately 52,000 square feet and an average suite size of approximately 19,000 square feet, with 18- to 20-foot clear heights throughout. The property is currently 96.5 percent leased to eight tenants across diverse industries including distribution, building supply, manufacturing and healthcare services.

Meridian Business Campus benefits from immediate access to Interstate 75 via the adjacent interchange, positioning tenants within a four-hour drive of 81 percent of Florida's population. The strategic location between Sarasota and Naples provides access to more than 4.4 million consumers within a 120-minute drive time. The campus sits three miles from Southwest Florida International Airport, the second-busiest single-runway airport in the United States, and 13 miles from downtown Fort Myers.

The transaction represents the largest industrial sale by transaction price in Southwest Florida — comprising Lee, Collier, Glades, Hendry and Monroe counties — in 2026.

The JLL Capital Markets team was led by Senior Managing Directors John Huguenard and Luis Castillo and Managing Director Cody Brais.

"Geis and Westminster delivered a rare institutional-quality shallow bay offering in one of Florida's highest-growth markets, creating immediate investor appeal through the combination of stable cash flow and near-term value creation through lease-up of the remaining vacancy," said Brais. "The property's strategic I-75 location and limited competition for this product type in Southwest Florida drove exceptional buyer interest."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Westminster Capital manages real estate investment strategies for private wealth capital, including sponsorship of closed-end investment funds and separate account portfolios totaling more than $1.25 billion of investor capital. Westminster Capital makes commercial property investments throughout the United States across Industrial/Distribution, Residential, Medical Office and Self-Storage properties offering Value-Add to Opportunistic risk-reward returns. Such work includes rebuilding income streams of existing properties, or manufacturing them through new construction, by careful investment underwriting and pursuit of well-funded tenants motivated by powerful long-term secular changes in their needs for such properties. Founded in 1988, the firm is headquartered in Lake Forest, Illinois.

Geis Companies is a vertically integrated real estate solutions organization consisting of six unique divisions. Each division functioning independently but often working together to provide innate efficiencies in both quality and execution.  This unique "all-in-house" approach is identified as our Full Cycle Approach and is the discerning characteristic that separates Geis Companies from its competitors. For more information, visit www.geiscompanies.com.

Strategically situated in the Twin Cities, one of the most robust industrial markets in the United States, Capital Partners is a boutique industrial real estate firm focused on delivering results. We create innovative, co-investment partnerships to acquire, manage and sell within this dynamic asset class. Our approach is centered around the success of our partnerships, tenants and partners. When they succeed, so do we. We’re not just investors. We’re building tomorrow.

https://www.capitalpartnersmn.com