NAI Southcoast sold a 14,200-square-foot
freestanding building located at 2951 Dominica Terrace in Stuart May 11, 2012. The
property, located off U.S. 1 in Stuart’s industrial area, was sold by WGTJ,
Inc. to Quorum Marine & Electronics, Inc. for $675,000.
Boyd Bradfield and Stuart Duffin of NAI
Southcoast brokered the sale after navigating an extensive short sale process
that involved negotiating with two lenders Bank Atlantic and SBA. Daniel Haggerty
of Mariner Title was instrumental in his work to complete the sale.
“It was a long process but everyone was very
professional in working towards the common goal of getting this closed,” Duffin
said.
Quorum Marine & Electronics, Inc. also
known as Ocean Breeze, is a 20-year-old, Stuart-based business that
manufactures marine-grade industrial and commercial A/C systems. Co-owner Carolyn
Baruch said the company plans to buy new equipment and expand its staff in the
near future.
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