"Fleet Bank is the nation's seventh largest bank," says Geof Longstaff, chief operating officer at NAI Realvest and a principal in the firm. "Fleet Private Clients Group is very active in Florida, managing more than $1.3 billion in assets. Our role at NAI Realvest will be to provide expert advice to their clients who own commercial property or who are considering an investment."
Fleet Private Clients Group plans to open an office in Orlando within the next few weeks. Other Fleet offices are located in Naples, West Palm Beach, Sarasota and Boca Raton.
In other NAI news, the firm has negotiated the sale of a 44,000-sf industrial property in Lake Mary, FL. The office, warehouse and manufacturing facility is located at 550 Technology park Dr.
NAI principal Michael Heidrich represented the seller, Smith-Worth Partnership. Brian Ellis of Keith management represented buyer Edward Meixsell, who paid $2,252,000 for the facility and plans to use it for investment purposes.
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