Kyle Vreeland and Greg Smith Brokered $3 Million Sale of Industrial Building to BMR Suspension
Industry: Real Estate
The Well-Known Automotive Company Plans to Relocate Its Headquarters to the 91,000±-Square-Foot Facility Near I-4 and Polk Parkway in Lakeland
Lakeland, FL (PRUnderground) February 7th, 2018
The sale of a 91,000±-square-foot industrial building was finalized on Friday, Feb. 2 by Kyle Vreeland and Greg Smith of Coldwell Banker Commercial Saunders Ralston Dantzler Realty (CBCSRD). The property was purchased by BMR Suspension, a manufacturer of after-market automotive products.
The facility currently houses Alabama Metal Industries Corporation (AMICO), a manufacturer of industrial flooring and grating. AMICO is a subsidiary of Gibraltar Industries, a producer of building materials with over $1 billion in annual revenues. Gibraltar is leasing back 50,000± square feet from BMR Suspension for AMICO’s continued operations. BMR plans to move its operations from Seffner, Florida to Lakeland and bring along more than 60 employees.
“We were able to put together a great deal for everyone involved including Lakeland,” said Vreeland, who was recently installed as President of Lakeland Realtors.
Vreeland represented AMICO/Gibraltar Industries in the transaction, working closely with Robert Barr of Strategic Advisors, a consulting firm for AMICO/Gibraltar Industries located in Chicago. Smith represented BMR in the transaction and worked with Alan Miller in the site selection process.
“BMR is the premier manufacturer of performance chassis, suspension and drivetrain products in the automotive market so we are happy to see them coming here,” Smith said. “After narrowing the site selections down to two or three options, Lakeland stood out as the optimal location for relocation of their headquarters.”
Vreeland and Smith have been busy of late in the industrial real estate market, selling over 1 million square feet of space between January 2017 and January 2018.
To learn more about the Realtors, visit: SRDCommercial.com/kylevreeland and SRDCommercial.com/gregsmith.
View this press release and others at srdcommercial.com.
About SVN | Saunders Ralston Dantzler Real Estate
SVN | Saunders Ralston Dantzler Real Estate is a full-service land and commercial real estate brokerage with over $3.1 billion in transactions representing buyers, sellers, investors, institutions, and landowners since 1996. We are recognized nationally as an authority on all types of land, including agriculture, ranch, recreation, residential development, and international properties. Our commercial real estate services include marketing, property management, leasing and tenant representation, valuation, business brokerage, and advisory and counseling services for office, retail, industrial, and multifamily properties. Our firm also features an auction company, forestry division, international partnerships, hunting lease management, and extensive expertise in conservation easements. Located at the center of Florida’s I-4 corridor, we provide proven leadership and collaborative expertise backed by the strength of the SVN® global platform. To learn more, visit SVNsaunders.com.
