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NAI Bahamas Realty Commercial Sells Prime Commercial Property, Nassau, Bahamas

Thursday December 29th, 2016

NASSAU, BAHAMAS – December 29th, 2016 – NAI Bahamas Realty Commercial, a member of the world’s premier managed network of commercial real estate firms, announced today that together with LAC Real Estate Consultants based in Miami, Florida they assisted in the disposition of an Office Complex consisting of 2 Class “A” trophy office buildings, totaling of 55,000+/- sq.ft.(5,110 m2) and together with a 1.3 acre (5,284 m2) vacant development site on the Island of New Providence, Nassau, The Bahamas. The List price was $22 million.

“We’re pleased to have been able to assist in identifying a purchaser for this Office Complex and to have successfully negotiated the transaction which was completed last month”, said Larry Roberts of NAI Bahamas Realty Commercial. “This sale is the latest of several recent major transactions we’ve represented in The Bahamas during the past year. We recently represented the The US Government in the consolidation and purchase of a prime development site in the city of Nassau for a new US Embassy Complex. The outlook for the commercial real estate market continues to create new opportunities for our clients and we are optimistic about the commercial real estate sector moving into 2017”.

The Office Complex was represented in the marketing and sale by Larry Roberts, Lindsey Cancino of NAI Bahamas Realty Commercial and Kent Kerr of LAC Real Estate Consultants.

About NAI Bahamas Realty Commercial

NAI Bahamas Realty Commercial, an exclusive member of NAI Global, is a corporate real estate services company dedicated to offering the finest commercial real estate and property management services in The Bahamas.

NAI Bahamas Realty Commercial is the commercial division of Bahamas Realty Limited, a full service real estate company established in 1949 offering a full range of services for both residential and commercial properties.

About LAC Real Estate Consultants

LAC Real Estate and Consultants based in Miami, Florida offers a full portfolio of commercial real estate services that integrates a multi-disciplinary team of professionals that have been very active in Latin America and the Caribbean for over twenty-five years.

Our team has actively participated in some of the most demanding and visible brokerage and consulting assignments in the region during this tenure servicing high level corporate, government and private sector clients alike.

About NAI Global

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full-range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. NAI Global member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.

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