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.
ABOUT NAI Southcoast:
NAI Southcoast is the oldest Commercial and Industrial Realtor in the Stuart and Treasure Coast marketplace. As such, it is uniquely qualified to maximize the marketing of quality commercial, industrial and investment properties.
For more information about NAI Southcoast, please visit www.naisouthcoast.com.
NAI Global is the world's leading managed network of 5,000 professionals, 325 offices in 55 countries. Since 1978, our clients have built their businesses on the power of our expanding network. NAI Global’s extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naiglobal.com.