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Berger Commercial Realty Negotiates Multi-Year Lease Deal For Fort Lauderdale Law Firm

November 2nd, 2018

Berger Commercial Realty/Corfac International Vice President Brian Batchelder and Michael Feuerman, Esq., CCIM, represented Lochrie & Chakas, P.A., in a 62-month, 2,893-square-foot lease renewal at Victoria Park Centre, located at 1401 East Broward Boulevard in Fort Lauderdale.

Lochrie & Chakas, P.A. is recognized for its experience and knowledge in land use, zoning, environmental, and government law. The firm represents property owners, developers and lenders seeking a wide range of development entitlements and due diligence assessments.  Berger Commercial Realty represents tenants and property owners throughout South Florida in the leasing and purchase/sale of commercial properties.

“We were pleased to renew our office lease here.  Berger Commercial was invaluable in reaching the finishing line,” commented partner Robert B. Lochrie III.

The landlord was represented by Jeff Holding with Cushman and Wakefield of Florida, LLC.

Berger Commercial Realty Negotiates Sale Of Fort Lauderdale Office Building

October 29th, 2018

Berger Commercial Realty/Corfac International Senior Vice President St. George Guardabassi negotiated the sale of the Maritime Professional Building (MPT) bride simulator, located at 915 SW 26th Street in Fort Lauderdale.  MPT sold the 8,000-square-foot office building, situated on 53,899 square feet of land, after constructing a brand new one in their Headquarters building at 1915 South Andrews Avenue, Fort Lauderdale.

Guardabassi represented the seller, Beverly Morely, in the transaction, which closed on October 12.

The buyer, Fort Pierce Oil, an affiliated company of Port Consolidated, an oil transport company, which was represented by Ron Osborne of RJ Realty, paid $1,635,000 for the property.

 

“This free-standing building is unique in that it offers excess land for future expansion – a rarity within such close proximity Port Everglades,” commented Guardabassi.

The property is located just south of State Road 84, between I-95 and US 1, minutes to I-95, I-595 and Port Everglades, serving as an ideal location for the buyer.

We are pleased to provide you with this copy of Berger Commercial Realty Corp.’s 2018 Q3 Broward and Palm Beach County Market Reports for the office and industrial real estate markets

October 15th, 2018
8.3MILL(8)

Broward Industrial Q3_18

Broward Office Q3_18

Palm Beach Industrial Q3_18

Palm Beach Office Q3_18

We hope this information is informative and useful. If you have any questions, please contact our brokers and we will be happy to assist you.

$3.6 Million Sale of Galleria Landings Closed By Berger Commercial Realty

October 8th, 2018

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FORT LAUDERDALE, Fla. (October 8, 2018) – Berger Commercial Realty/CORFAC International Vice President Brian Batchelder and Senior Vice President Steve Hyatt recently represented Winner’s Choice, LLC in the $3.6 million sale of Galleria Landings to 866 Worth, LLC. The transaction closed on September 27.

 

Located at 866 N.E. 20th Ave. in Fort Lauderdale, the 5,550-square-foot office building will become the new offices of Worth Avenue Yachts, which is relocating to the property from the Bahia Mar Yachting Center.

 

Galleria Landings is a unique waterfront building with class-A finishes. The property features six deep-water dock slips where Worth Avenue Yachts will showcase yachts for sale.

 

“This property is ideal for Worth Avenue Yachts,” Batchelder said. “Its waterfront location and high-end finishes go hand-in-hand with the company’s specialization in luxury yacht sales, charter and new construction.”

 

866 Worth, LLC was represented in the transaction by David Burgess of Meridian Realty.

 

For more information about Berger Commercial Realty’s brokerage services, call 954-358-0900.

 

About Berger Commercial Realty/CORFAC International

Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently-owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit www.bergercommercial.com.

 

About CORFAC International

CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.

$1.16 Million Purchase of Midland Plaza Facilitated By Berger Commercial Realty

October 4th, 2018

Midland Plaza

FORT LAUDERDALE, Fla. (October 4, 2018) – Brokers Lawrence Oxenberg and Jonathan Thiel of Berger Commercial Realty/CORFAC International recently represented Adnan Enterprises, LLC in the $1.16 million purchase of Midland Plaza from Horn Land TR #1.

 

Located at 201-203 S.W. 27th Ave. in Fort Lauderdale, Midland Plaza is an 8,800-square-foot retail strip center situated directly across from the new Riverbend Marketplace, a 37-acre shopping center anchored by Fort Lauderdale’s first-ever Walmart Supercenter.

“At 100 percent occupancy, Midland Plaza was a great investment opportunity for the buyer. With most of the tenants paying below market rent, there is plenty of upside. This, coupled with all of the new development activity in the area, made Midland Plaza a great opportunity for the new investors,” Thiel said.

 

For more information about Berger Commercial Realty’s brokerage services, call 954-358-0900.

 

About Berger Commercial Realty/CORFAC International

Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently-owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit www.bergercommercial.com.

 

About CORFAC International

CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.

 

Berger Commercial Realty Facilitates $865,000 Sale of Hollywood Office and Warehouse Building

September 20th, 2018

2261

FORT LAUDERDALE, Fla. (September 20, 2018) – Berger Commercial Realty/CORFAC International Senior Vice President Joe Byrnes and Senior Sales Associate Jonathan Thiel recently facilitated the sale of 2216 N. 20th Ave. in Hollywood to James Ridgely for $865,000.

 

Located just east of Dixie Highway and south of Sheridan Street, the property consists of a 5,566-square-foot building situated on a 14,756-square-foot lot. Comprised of half office and half warehouse space, the building recently underwent renovations including the installation of a new roof, hurricane-impact windows and doors, and high-end finishes in the office area.

 

“The buyer liked the property’s accessibility from both Broward and Dade counties,” said Thiel. “Unique, and providing true value to this property, is a fenced-in yard area of 9,000 square-feet, which further added to its appeal.”

 

For more information about Berger Commercial Realty’s brokerage services, call 954-358-0900.

 

About Berger Commercial Realty/CORFAC International

Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently-owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit www.bergercommercial.com.

 

About CORFAC International

CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.

Berger Commercial Realty: 20 Years and Counting

September 5th, 2018

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Anniversaries are the perfect occasion for taking stock of where you’ve been and where you’re going, so here’s the big picture as Berger Commercial Realty Corp. celebrates 20 years in business. Back in 1998 when we launched the company, Florida’s population was 15.2 million. Today it tops 21 million and the Florida Chamber of Commerce predicts it will approach 26 million by 2030. Signs of growth and real estate development are visible everywhere, despite concerns about transportation, sea-level rise, immigration and the next recession. After 20 years in commercial real estate, it’s become apparent to us that Florida will continue to attract investment and grow as long the sun keeps shining.

 

Our most important requirement when we launched the company was being able to enjoy going to work every day and building our careers with a team of likeminded people.  There was a lot of work and little reward at the start, and sometimes it seemed like a big mistake, but on balance, it was fun building a strong team and watching the company grow.

 

It wasn’t easy allocating the resources necessary to compete with the larger, established firms, but we stuck to it and plowed the profits back into the business. We worked hard and the company continued to grow, despite the predictable challenges of getting a new business onto solid ground. We avoided cut-backs and actually grew during two recessions by staying focused on delivering value, never compromising our client-centric philosophy. After the Great Recession of 2007-2009, we were one of the few independent commercial realty firms that didn’t lose momentum. In fact, we grew and prospered.

 

Much has changed in the commercial real estate business since 1998, most notably the many applications of technology, new players in the market and the fact that the South Florida market has become very institutionalized. Nevertheless, client appreciation of hard work, good value and a first-class product remains the same as it always was.

Looking forward to the next 20 years, we will continue taking well-informed risks and seizing opportunities. With offices currently in Fort Lauderdale, Boynton Beach and Miramar, we envision our Palm Beach presence becoming as significant as our Fort Lauderdale office and our reach extending throughout Miami-Dade. We also see the potential for further expansion through our membership in CORFAC International, a global network of independently-owned, entrepreneurial commercial real estate brokerage firms.

Our team of 60 professionals is comprised of brokers, property managers, accounting staff and administrative personnel who work hard for our clients every day. We never have lost sight of providing value and great service, whether the commercial real estate market was up or down. The relationships we have forged over the years are the fuel that powers our business.

After two decades in South Florida’s commercial real estate market, the most important piece of wisdom we’ve learned about success is this: While it doesn’t come easy, you’re more likely to succeed if you focus on the long-term relationship and not the fee. And a little bit of luck surely helps.

Berger Commercial Realty Ranked Among Top Property Management Firms by the South Florida Business Journal

August 27th, 2018

On the heels of our recognition as one of the Top 25 Commercial Real Estate Brokerages in South Florida, the South Florida Business Journal has just listed Berger Commercial Realty among the region’s Top 25 Commercial Property Management Firms for 2018!

 

Determined by square-feet of rentable commercial space managed, our firm was ranked as the ninth largest in the tri-county area. With a property management portfolio of more than 7 million square-feet, this is the sixth consecutive year that Berger Commercial Realty has been recognized as one of South Florida’s top commercial property management firms. For the full list, click here.

 

Congratulations to all of the other organizations included on the list and our sincerest thanks to our incredible property management team. Our firm was built upon the foundation of property management and it has since been propelled to new heights by our all-star team of professionals whose expertise, commitment and talent have helped grow our property management portfolio exponentially. We look forward to continued successes and making it onto the list again next year!

 

Berger Commercial Realty Listed Among Top Commercial Real Estate Brokerages By the South Florida Business Journal

August 15th, 2018

Brokerage logo

 

Berger Commercial Realty has once again been listed by the South Florida Business Journal as one of the Top Commercial Real Estate Brokerages in South Florida.

 

As one of the region’s only truly independent and privately owned third party commercial real estate brokerage and management firms, Berger Commercial Realty takes great pride in making “The List.”

 

Our firm was listed among the top 25 brokerages in the tri-county market with $105 million in completed transactions, moving up three spaces from last year’s list. Additionally, our brokers sold and leased a total of 2.27 million square-feet of space in Broward, Miami-Dade and Palm Beach counties, a five percent increase from 2016. The list is determined by the total dollar volume of sales and leases in 2017.

 

We sincerely thank all of our brokers whose dedication and skill undoubtedly resulted in this prestigious recognition. We look forward to continuing our success in 2018 by maintaining and enhancing our track record of providing tailor-made commercial real estate solutions and superior customer service to our esteemed clients throughout South Florida.

 

To learn more about the list, click here.

Berger Commercial Realty’s Judy Dolan Negotiates 18,000 SF Lease Deal

August 7th, 2018

 

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Fort Lauderdale, FL – July 7, 2018

Berger Commercial Realty/Corfac International Senior Vice President Judy Dolan represented the landlord, F&G Associates, in a 5-year, 18,000-square-foot lease deal at 920 SW 2nd Place in Pompano Beach, Florida.

 

The tenant, Florida Funerals, LLC, will be operating a funeral home out of the free-standing showroom facility to conduct Jewish funeral services.

 

“The building configuration and the applicable Pompano Beach zoning worked well for the prospective tenant.  An added benefit to Florida Funerals was the building signage along I-95.” commented Dolan.

 

920 SW 2nd Place fronts I-95 just south of Atlantic Boulevard. The 1979-built property features office/showroom along with  22′ ceilings and three dock loading wells and two grade level loading doors.