Whitter Group Directs Immediate Auction of Premium Investment Retail, Residential and Resort Properties Jamaica, West Indies

Portfolio to include the largest shopping center in Jamaica; 245,000 SF Whitter Village and the World Renowned 18-hole championship Ironshore Golf & Country Club

Business Wire

CHICAGO--(BUSINESS WIRE)--

Diliberto Real Estate Services, LLC (www.dilibertorealestate.com), and Trans Caribbean Jamaica Limited, announced today a global auction opportunity. 21 prime properties are offered on the block by one of the largest corporate land owners in Greater Montego Bay, Jamaica. The Group has been steadily and gradually developing communities for many years and was headed by the late and well-known iconic business man native to Jamaica, Joe Whitter, who lived and developed his real estate businesses in Jamaica and the UK for over 40 years.

“The auction assets being sold are reflective of Mr. Whitter’s eye for quality and vision,” said Frank Diliberto, principal of Diliberto Real Estate. “We are pleased to be advising on these fine properties, in the legacy of a great Jamaican visionary and part of his estate. While there are several headlining properties such as the Whitter Village Shopping Center and Ironshore Golf Course, all assets offer tremendous buying opportunities.”

According to Mrs. Angella Whitter, “the estate seeks a sale and closing in the first quarter of the year so it may redirect its resources towards a path of continued growth.”

Properties include:

  • Whitter Village: An elegant, upscale 245,000 square foot shopping centre with the ambiance and charm of a traditional Jamaican village, sits as the signature development of Ironshore Estates and neighbor to the Ironshore Golf Club. This exquisite shopping centre caters to some 92 shops which includes a state of the art 29,000 square-foot supermarket, 6,000 square foot pharmacy, a world class gaming lounge, several gift shops, the United States of America Consulate and many other businesses including Payless Shoes and Harley Davidson Stores. Potential Gross Income at full occupancy could near US$2m.
  • Ironshore Golf & Country Club - Built in 1972 on the remains of an old sugar plantation, this well-kept, non-resort, par 72 links-style, 18 hole championship course is just minutes from the Sangster International Airport, Montego Bay and off the North Coast High Way along the “Elegant Corridor” of Rose Hall. The club house offers a fully stocked pro shop with a wide range of logoed golf apparel, accessories, a snack bar and lounge.
  • The historic Johns Hall; Only 7 miles from the town centre of Montego Bay this gem is ideally suited for corporate or medical retreat. Nature provides a source of potable water from its own cool, refreshing spring!
  • Several resort land parcels ranging from 1 to 199 acres and set amongst successful developed residential and commercial communities and are ideally suited for apartments, townhouses, retail and other developments.

The auction will take place in February, and will include a worldwide bid submission opportunity, traded in US Dollars. Interested bidders may contact Trans Caribbean Jamaica Limited and Diliberto Real Estate Services, LLC to receive their Bidder’s Packages. Call 1.855- 460 -BIDS (2437).

Contact:
Diliberto Real Estate Services, LLC
Eric Christman, 708-361-2437
eric@dilibertorealestate.com
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