We are pleased to announce that Argosy Real Estate Partners has closed on the off-market acquisition of 12090 Metro Parkway, a 2.3-acre light industrial property located in Fort Myers, Florida.  The property features prominent frontage and two buildings totaling approximately 22,800 square feet.

The off-market acquisition represents the third investment in the Sunbelt Industrial Portfolio, a strategy focused on aggregating small-format industrial outdoor storage (“IOS”) and light industrial assets across key growth markets throughout the Sunbelt region. The acquisition follows prior investments in the Atlanta and Austin MSAs, both of which have been leased to full-site users.

The property’s low-coverage layout makes it well suited for IOS and light industrial users seeking functional industrial space with significant outdoor storage capacity. The business plan includes leasing the property to an industrial user, capitalizing on continued demand for functional IOS and light industrial space in the Fort Myers market.

Argosy continues to pursue additional Sunbelt Industrial Portfolio opportunities across Georgia, Texas, and Florida, where market fundamentals continue to support demand for functional IOS and light industrial properties.

Argosy’s operating partner for the Sunbelt Industrial Portfolio is Bay Street Capital, a leading industrial outdoor storage platform founded in 2021 that specializes in value-add IOS and industrial real estate investments throughout the United States.