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Council approves broker agreement for Renewal Industrial Park land; asking price set at $45,000 per acre
3294197 · May 13, 2025
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Summary
The council approved a brokerage agreement with American Commercial Real Estate to market city-owned industrial land, with an asking price of $45,000 per acre and a flat commission of $4,500 per acre.
Developer-broker Adam Wilkett of American Commercial Real Estate presented a proposal to market city-owned land in the Renewal Industrial Park. Wilkett said comparables support an asking price of $45,000 per acre and proposed a flat…
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