MIAMI-Houston-based Motiva Enterprises sold nine former Shell service stations throughout Florida to as many individual buyers. In an unrelated transaction, individual investor George Feldenkreiss sold a 69,000-sf warehouse for $3.6 million, or $52.17 per sf.

The Shell portfolio contains an aggregate of 211,300 sf. The properties range from 16,000 sf to 30,000 sf and include one location each in Miami, Hollywood, Fort Lauderdale, Pompano Beach, Royal Palm Beach, Port Charlotte and Jacksonville along with two in Tallahassee.

Motiva operates the Eastern and Southeastern US refining and marketing operations of Royal Dutch Shell’s Shell Oil units and Saudi Aramco. Boris Kozolchyk of the local office of Grubb & Ellis represented Motiva in all of the transactions, and each unit was sold to a different buyer. Kozolchyk could not be reached for comment by press time. The aggregate price of the portfolio and of individual units is undisclosed.

Meanwhile, ARM Acquisitions LLC acquired the Feldenkreiss warehouse, which is located on 4.5 acres at 6900 Northwest 77 Court and fronts Palmetto Parkway. Mimi Chao of the Miami-Dade office of Colliers International represented the seller.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.