Client: Affiliates of H & J Contracting, Inc.
Property Description: 10 acres zoned heavy industrial on N. Rock Road, in St. Lucie County’s Russakis Business Park.
Assignment Summary:
Atlantic Western exclusively represented affiliates of H & J Contracting in their offering of this heavy industrial parcel. Within 60 days of engagement, Atlantic Western sold this tract for the full asking price of $1,500,000; reflecting one of the highest per acre industrial sales in St. Lucie County during 2022.
Client: Southern States Land & Timber Interests
Property Description:Â A 74 acre mixed use development tract known as Tuttle Royale comprising a 29 acre parcel proposed for the development of 411 multi-family units; a 10 acre parcel for the proposed development of an 87,000 sf Charter School; and a 34 acre parcel for the proposed development of 96 townhomes located on Southern Blvd., in Royal Palm Beach, Florida.
Assignment Summary:
Southern States Land and Timber enjoy various sub-surface mineral rights and surface rights of exploration throughout the State of Florida. In connection with the financing and proposed development of the Tuttle Royale Project, Atlantic Western provided advisory services to Southern States and its agents to value the proposed tracts and assist in the release pricing of its mineral exploration rights.
Client: Private Interests
Property Description: Windsome Estates Replat – 40 acres, Wellington, Florida
Assignment Summary:
After being on the market for sale by the original developer for over 10 years, in 2019, Atlantic Western, on behalf of private investment group, assembled and acquired various portions of this 4 lot equestrian sub-division. Thereafter, in 2022, and within 60 days of being exclusively re-listed with Atlantic Western for sale, Atlantic Western re-sold the entire project to the United States Polo Association (USPA) for $12,400,000 in connection with the USPA’s plans to develop surrounding acreage for a regional polo center.
Client: Mecca Farm Affiliates  & Hughes Construction Affiliates
Property Description: 6.8 acres at the Northwest Corner of Acme Dairy Rd. and Boynton Beach Blvd. in Palm Beach County’s AG Reserve, Palm Beach County, Florida
Assignment Summary:
Over a 3 year period, Atlantic Western represented affiliates of Mecca Farms in their complicated entitlement and rezoning of this mixed use parcel, providing advisory and brokerage services and the pre-development sale of a 2 acre parcel approved for self-storage to affiliates of Hughes Construction in 2022 for $2,400,000.
Client: Mecca Farm Affiliates & Private Investors
Property Description: 160 + acres – AGR Farm Land, Palm Beach County, Florida
Assignment Summary:
Over a 3 year period, Atlantic Western represented affiliates of Mecca Farms in a 145 acre farm tract zoned AGR (Ag Reserve), providing advisory and brokerage services in its as-is sale, together with adjoining unrelated lands, to private investors in 2019 for $16,300,000.
Client: GULFSTREAM POLO CLUB and surrounding properties
Property Description: 160+ acres Palm Beach County, Florida
Assignment Summary:
Over an 14 year period, Atlantic Western represented multiple owners of tracts comprising over 380 acres including the Gulfstream Polo Club, and provided comprehensive advisory, entitlement and brokerage services which resulted in the successful re-zoning and sale of various tract assemblages for residential development to Standard Pacific Homes, Lennar Homes and Pulte Homes. In 2018, Atlantic Western completed the 69 acre sale of the second phase of Gulfstream Polo Club to Pulte Homes for approximately $18,726,000.
Client: Loxahatchee Pines Golf Center West Palm Beach, FL
Property Description:
20 acre par three golf course | SR 80, Southern Boulevard | West Palm Beach, FL
Assignment Summary:
Atlantic Western was engaged as the exclusive listing agent to market and sell this executive par 3 golf course and proshop operation. The assignment was successfully completed and sold for $1,100,000 within 6 months of engagement. The property was resold in 2015 for $2,100,000.
Client: FL Indrio LLC (an affiliate of Lehman Brothers)
Property Description: 225 acres | Saint Lucie County, Florida
Assignment Summary:
Exclusively engaged in 2014 by Lehman Brothers Affiliates, Â Atlantic Western provided asset management & disposition services including: (i) property due diligence; (ii) the negotiation and completion of an agricultural lease; (iii) billboard licenses; and (iv) the disposition of this tract for $1,795,000 within 180 days of assignment.
Client: FL 5931 W Commercial Blvd. LLC (an affiliate of Lehman Brothers)
Property Description: 7.38 acres | Tamarac, Broward County, Florida
Assignment Summary:
Exclusively engaged in 2013 by Lehman Brothers Affiliates, Atlantic Western provided asset management & disposition services including: (i) property due diligence; (ii) entitlement repositioning and negotiation of easements with adjoining owners; (iii) the disposition of this tract for $900,000 within 180 days of assignment.
Client: Private Interests
Property Description:
50 Residential Lots | 28 Acres | St. George Island, Florida
Assignment Summary:
Engaged in 2012, Atlantic Western provided advisory services to a private ownership syndicate of development tracts in the very popular destination of St. George Island. Services included the formation of a complete due diligence report, market study, valuation and strategic disposition plan.
Client: Palm Beach Polo & Country Club Homeowners
Property Description:
Palm Beach Polo & Country Club, Master HOA | Wellington, Florida
Assignment Summary:
In 2012, Atlantic Western was appointed by the Palm Beach County Circuit Court as a monitor to oversee and execute the court ordered turnover and master HOA board election of this 1,214 unit PUD, to the homeowners from its master developer. Such assignment was successfully completed in 90 days.
Client: Church Loans & Investment Trust
Property Description:
Foreclosed 1.5 acre Commercial Tract | Miami-Dade County , Florida
Assignment Summary:
Exclusively engaged by this nationwide lender, Atlantic Western facilitated the $1,300,000 sale of this commercial tract to an institutional buyer.
Client: Iberia Bank, Jupiter, Florida
Property Description:
32 Acres Equestrian/Polo Farms Agricultural/Development Tract | Lake Worth, Florida
Assignment Summary:
During 2011, Atlantic Western provided disposition brokerage services to Iberia Bank in connection with their foreclosure on multiple polo farms/agricultural development tracts within Gulfstream Polo Club. Within six months of engagement, Atlantic Western successfully completed all cash sales to third party investors.
Client: Gibraltar Private Bank, Miami, Florida
Property Description:
29.25 Acres Tree Nursery & Agricultural/Development Tract | Lake Worth, Florida
Assignment Summary:
During 2010, Atlantic Western provided management and disposition brokerage services to Gibraltar Private Bank in connection with their foreclosure on this abandoned tree nursery. Within six months of engagement, Atlantic Western completed a successful all cash sale to third party investors for $2,090,000.
Client: Mercantil Commerce Bank, Miami, Florida
Property Description:
836 acres consisting of a 2 phase, partially completed, rural agricultural/residential sub-division | located in Martin County, Florida
Assignment Summary:
During 2009-2010, Atlantic Western was engaged to provide strategic advisory services to the lender and its legal team foreclosing on this partially completed rural lot sub-division. Atlantic Western assisted in the formation of a strategic plan, research into entitlements, market valuation and negotiations to complete certain critical project infrastructure.
Client: Trucane Sugar Corp., West Palm Beach, FL Lake Point LLC
Property Description:
1,200 acres of farm land | Pt. Mayaca, Martin County, FL
Assignment Summary:
In 2008, in connection with Lakepoint Ph I, Atlantic Western facilitated the entitlements and sale of this 1,200 acre sugar cane and citrus farm to investors for $23,000,000. Atlantic Western also arranged and facilitated $41,000,000 in operating debt that financed the purchase of both phases.
Client: Ironwood Properties, Delray Beach, FL
Property Description:
Michael’s Creek, Orchid Island | Antilles, Vero Beach Cannery Row, Delray Beach | Combined 163 acres approved for 400 residential units
Assignment Summary:
In 2008, Atlantic Western was engaged by Ironwood to provide advisory services in the recapitalization and restructuring of $65,000,000 in development and construction financing on these three projects.
Client: Trucane Sugar Corp., West Palm Beach, FL Lake Point LLC, Boston, MA
Property Description:
2,200 acres of farm land | Pt. Mayaca, Martin County, FL
Assignment Summary:
In 2004, Atlantic Western assisted the owner of this sugar cane and citrus farm to identify possible disposition alternatives. Within 3 months, Atlantic Western assembled a group of investors that contracted to acquire the first phase of over 1,000 acres which was completed in 2005 for $13,000,000. Atlantic Western was subsequently engaged by Lake Point LLC to entitle, develop, finance, and market the project known as Lake Point Ranches. Over the next 2 years, Atlantic Western completed the entitlement, permitting and initial construction of the project and successfully re-sold it for $30,000,000 cash.
Client: Private Interests
Property Description:
Three agricultural tracts totaling 37.5 acres situated along the Florida Turnpike | Lake Worth, Florida.
Assignment Summary:
Atlantic Western was exclusively engaged in 2007 to assist certain owners in the sale and condemnation of these tracts by the FDOT, resulting in completed transactions totaling over $13,600,000.
Client: Ironwood Properties, Delray Beach, FL
Property Description:
The Strand Development Tract | 3.14 acres approved for the mixed use development of 134 residential units & 29,000 sf of commercial space
Assignment Summary:
In 2006, Atlantic Western was exclusively engaged by Ironwood to market and sell this fully approved development tract. Within nine months of assignment, the entire property was successfully sold for $10,000,000 all cash, representing $73 psf.
Client: BMC Corporation
Property Description:
Commercial Outparcels | Suburban Palm Beach County, Florida
Assignment Summary: Atlantic Western was exclusively engaged by the client to sell and/or long term ground lease a portfolio of commercial outparcels on the perimeter of a Publix shopping center. The assignment was completed in 2005 with two transactions: one for $27 psf all cash for future development,; and the second to Washington Mutual Bank under a long term ground lease.
Client: Wellington Golf Group, LLC Wellington, Florida
Property Description:
180 acre, 36 hole golf course with Country Club | including a 38,000 sf clubhouse, tennis center, banquet facilities and supporting maintenance infrastructure located in Wellington, Florida
Assignment Summary:
In 2008, in connection with Lakepoint Ph I, Atlantic Western facilitated the entitlements and sale of this 1,200 acre sugar cane and citrus farm to investors for $23,000,000. Atlantic Western also arranged and facilitated $41,000,000 in operating debt that financed the purchase of both phases.
Client: Silverlake Enterprises Loxahatchee, Florida
Property Description:
59 acre Nursery | Wellington, FL
Assignment Summary:
Atlantic Western was engaged in 2004 as the exclusive agent by the owner to execute a sales program for the nursery acreage. The property was sold for $5,625,000 or $95,000 per acre, within 6 months of engagement, for equestrian development purposes.
Client: Lara Enterprises, Coral Springs, Florida
Property Description:
547 acres of undeveloped industrial land Palm Beach County, Florida
Assignment Summary:
Atlantic Western was engaged by the owner as the exclusive broker for the sale of this tract of undeveloped land; which was successfully completed for $5,500,000 cash in 2004.
Client: Private Interests
Property Description:
112 acres - Undeveloped Land | Wellington, FL
Assignment Summary:
Atlantic Western assisted a private client in its as-is sale of this 112 acre tract, which was completed on an all cash basis for $14,400,000 within 10 months of engagement. Subsequently, as exclusive agents, engaged by the buyer, Atlantic Western created and executed a marketing and sales program for the development, sub-division and resale of this property.
Client:Â Private interests
Property Description:
40 acres - Polo and Equestrian Complex |Â Wellington, FL
Assignment Summary:
Atlantic Western assisted a private client in its initial purchase of this 40 acre tract, which was developed into a full service polo and equestrian complex. Subsequently, as exclusive agents, Atlantic Western was engaged by the client to create and execute a marketing and sales program for the property which was successfully completed within one year for $3,000,000.
Client: Peninsula Bank
Property Description:
Binks Forest Golf & Country Club | Wellington, Florida | 212 acres with 18 hole golf course
Assignment Summary:
Atlantic Western was exclusively engaged in 2007 to assist certain owners in the sale and condemnation of these tracts by the FDOT, resulting in completed transactions totaling over $13,600,000.
Client: Dornum Holdings, NV (foreign)
Property Description:
45 acres Zoned Commercial | Wellington, FL
Assignment Summary:
As exclusive listing agents and advisors to this foreign investor, Atlantic Western repositioned this vacant commercial tract and executed a multi-phased sub-division for the sale and eventual development of a 224 unit class A apartment project, office complex, ACLF and hotel.
Client: Apollo Real Estate Advisors, New York, NY
Property Description:
565 acre commercial PUD | Osceola and Polk Counties, Florida | Unimproved Land
Assignment Summary:
Atlantic Western was engaged as Apollo's exclusive advisors in connection with their equity financing of this major land development near Disney World. Atlantic Western provided extensive due diligence services including verifications of D R I entitlements, critical road and utility projects, and political and legal issues. The project included the comprehensive preparation of a market study, modeling and financial underwriting of this multi-phased mixed use development.
Client: First Fidelity Bankshares, Newark, NJ
Property Description:
10.5 acres, Delray Beach, FL (commercial) | 5.75 acres, Boca Raton, FL (commercial) | 20.8 acres, Vero Beach, FL (commercial)
Assignment Summary:
As agents for First Fidelity Bankshares, Atlantic Western successfully sold a multi-asset land portfolio consisting of commercial land tracts in Palm Beach and Indian River Counties. These parcels required extensive efforts to perfect specific development and approvals and overcome problematic title issues. Atlantic Western resolved these issues and marketed and sold each parcel to individual investor/users within the 12 month assignment.
Client: Colony Capital, New York, NY
Property Description:
Palm Beach Polo and Country Club | Wellington, FL | 2500 acre PUD
Assignment Summary:
Atlantic Western was appointed receiver on this substantially vacant center. Within three months, the property's physical and economic deterioration was stabilized. Atlantic Western assisted in the successful sale of the bank's judgment for a 100% recovery of the secured debt.
Client: Midlantic National Bank, Edison, NJ
Property Description:
Ballantrae Golf and Yacht Club | St. Lucie, FL | 700 acres - Golf Course and Single Family PUD
Assignment Summary: As asset managers for Midlantic, the staff at Atlantic Western provided comprehensive loan workout services in connection with the troubled debt restructuring of a $70,000,000 single borrower exposure, which included this project. The successful work-out engineered by Atlantic Western's staff included financing the completion of this Project's Nicklaus Golf Course, all infrastructure and residential pods. The restructuring of this debt and completion of this project ultimately facilitated the entire exposure's sale to General Electric as part of a $225,000,000 portfolio sale, which was also executed by Atlantic Western's staff.