John McCloudis editor of Industry Property Journal,from which this article is excerpted.

Colon, Panama—A consortium of Taiwanese investors isselling what is believed to be the last developable waterfrontparcel at the Atlantic end of the Panama Canal. The 167-acreparcel, known as Isla Margarita, is a former US Naval base that hasbeen in private hands for 15 years.

Colliers International's multimodal services group in LosAngeles has the sales marketing assignment, and, according to JohnCarver, the group's executive director, developers of warehousing,freight consolidation and cargo handling properties are one of thetwo buyer categories initially being targeted. Residential andresort developers comprise the second category.

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