Roosevelt Roads: 2,036 acres of land for sale in coastal Cieba, Puerto Rico; brought to you by Colliers International

News and Updates

Welcome to Roosey-Roads.com!
Naval Station Roosevelt Roads, Puerto Rico: On 20 December 2011, the Department of the Navy signed an Economic Development Conveyance (EDC) Memorandum of Agreement (MOA) with the Commonwealth of Puerto Rico Local Redevelopment Authority (LRA) that details the conveyance of approximately 1,370 acres of the former Naval Station Roosevelt Roads (NSRR) for the Commonwealth’s economic redevelopment in exchange for an anticipated consideration of $8.04 million. The parties expect to have an initial closing for approximately 1,000 acres and improvements, including utility systems on 26 January 2012. This conveyance will support job creation and economic redevelopment of the installation and the surrounding community.

This website has been created to support the planned PUBLIC SALE of an approximate 2,036 ± acre portion of the former Naval Station Roosevelt Roads, located on the eastern coast of the beautiful island Commonwealth of Puerto Rico. To receive more information, please register via our simple Registration Form. Additionally, you may contact the Colliers International’s Roosevelt Roads Bidder Support Center at 800.434.5880 with any questions.

Sale Process Update – as of November 23, 2011
The U.S. Department of the Navy, BRAC Program Management Office (“Government”) is offering for sale to the public, two separate land parcels with improvements thereon, totaling 2,036 acres. The Property is located within the boundaries of the former Naval Station Roosevelt Roads, and will be sold via an online auction commencing February 13, 2011, subject to the terms and conditions set forth in an “Invitation to Bid” (IFB) real property offering publication. The Roosevelt Roads IFB is now available for download on this website in the “What’s for Sale” section, as well as in the “Due Diligence Library” area of the website.

Current Sale Process Schedule
(Dates / timelines subject to revision)

November 22, 2011	Updated Invitation For Bids (IFB) Publication (available for download)
January 24 through January 26, 2012	Navy to schedule and facilitate “Open house” property tours; call 843-743-2147 by no later than January 20, 2012 for reservations.
February 13, 2012	Auction Commencement
March/May 2012	Escrow Opens. Winning Bidder(s) finalizes capital resource needs and commences due diligence efforts. Government executes and delivers to escrow holder Quitclaim Deeds to Property.
May/June 2012	Escrow Closes

Please contact the Roosevelt Roads Bidder Support Center at 800.434.5880 or via e-mail at info@Roosey-Roads.com with any questions or requests for support or additional information.