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Berger Commercial Realty Arranges Lease for New Youfit Health Club to Open at Lauderdale Marketplace

July 10th, 2014

Broker Joseph Byrnes also closes four other new retail leases at complex

FORT LAUDERDALE, Fla. (July 10, 2014)- Berger Commercial Realty Vice President Joseph Byrnes recently represented  Lauderdale Marketplace Investments in five new retail leases at its office and retail complex in Lauderdale Lakes, including a 10-year, 14,285-square-foot lease to Youfit Health Clubs, a rapidly expanding chain of health centers nationwide.

The St. Petersburg, Fla.-headquartered company will offer low-cost, month-to-month memberships at its newest facility, located at 3708 W. Oakland Park Blvd. In addition to several other South Florida locations, Youfit also has facilities across the state and in Georgia, Arizona and California.

Other leases included:

  • 2,900 square-feet of space at 3674 and 3676 W. Oakland Park Blvd. to Chinaman Photo;
  • 1,737 square-feet of space at 3784 W. Oakland Park Blvd. to Moon 64, Inc.;
  • 1,400 square-feet of space at 3762  W. Oakland Park Blvd. to TriStar Marketing Associates, LLC;
  • and 1,200 square-feet of space at 3684 W. Oakland Park Blvd. to  World Famous, Inc.

For more information about leasing and custom build-outs at Lauderdale Marketplace, contact Berger Commercial Realty at 954-358-0900.

 About Berger Commercial Realty:  

Founded in 1998, Berger Commercial Realty is a full service commercial real estate firm. A regional, independent and privately-owned firm, its services include brokerage/tenant and buyer representation, property management, agency/project leasing, capital advisory/investment sales, construction/project management, and retail services. For more information, visit bergercommercial.com.

St. Petersburg Apartment Property Sells for $1.325 Million

June 17th, 2014

Berger Commercial Realty Broker Judy Dolan Handles Sales Transaction

FORT LAUDERDALE, Fla. (June 17, 2014) - Berger Commercial Realty, a regional full service real estate firm, announced today the sale of a 32-unit, multi-family property in St. Petersburg.

Berger Commercial Realty broker Judy Dolan represented JP Morgan Chase Bank N.A. in the sale of Lakeside Apartments to Park View Resort, Inc. for $1.325 million. The sale was an all-cash deal.

Located at 3855 9th Ave. North and 917 39th St. North in St. Petersburg, the property consists of 32 units in two buildings and a laundry room.

About Berger Commercial Realty

Founded in 1998, Berger Commercial Realty is a full service commercial real estate firm.  A regional, independent and privately-owned firm, Berger customizes services and adapts to clients’ needs and the ever changing real estate market.  Services include brokerage/tenant and buyer representation, property management, agency/project leasing, capital advisory/investment sales, construction/project management, and retail services. The company established a dedicated division, Berger Special Assets, to serve as receiver and enhance the value of distressed properties by providing expert management, leasing and sales representation on behalf of lenders and financial institutions. For more information, visit bergercommercial.com.

Berger Commercial Realty Brokers Close Lease for 7,000 Square Feet of Flex Space at Eastport Center in Fort Lauderdale

June 9th, 2014

FORT LAUDERDALE, Fla. (June 9, 2014) – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced a new lease transaction from brokers Judy Dolan and St. George Guardabassi.

 The brokerage team represented landlord Eastport Center Joint Venture in leasing more than 7,125 square feet of flex space in bay 101 to new tenant Tri-Northern Distribution, Inc., North America’s largest independent distributor of electronic security products. Tri-Northern Distribution, Inc. was represented by Julie Miller of Cushman Wakefield in the transaction.

 Located at 1881 W. State Road 84 in Fort Lauderdale, the 108,500-square-foot Eastport Center offers state-of-the-art flex, warehouse and showroom space featuring high ceilings, all-glass store front facades, dock and street-level loading, and customized improvements to meet tenants’ needs. The complex is strategically located in the tri-county area near Fort Lauderdale International Airport and Port Everglades with easy access to highways and major roadways, including I-95, I-595, the Florida Turnpike, State Road 7 and Federal Highway.

 For more information on available space and custom build-outs at the Eastport Center, contact Berger Commercial Realty at 954-358-0900.

 

About Berger Commercial Realty

Founded in 1998, Berger Commercial Realty is a full service commercial real estate firm.  A local, independent and privately-owned firm, Berger customizes services and adapts to clients’ needs and the ever changing real estate market.  Services include brokerage/tenant and buyer representation, property management, agency/project leasing, capital advisory/investment sales, construction/project management, and retail services. The company has established a dedicated division, Berger Special Assets, to serve as receiver and enhance the value of distressed properties by providing expert management, leasing and sales representation on behalf of lenders and financial institutions. For more information, visit bergercommercial.com.

Berger Commercial Realty Leases More Than 30,000 Square Feet of Space for Principal Life Insurance

May 27th, 2014

Brokers Judy Dolan and Greg Milopoulos negotiated 15 industrial lease deals at two South Florida properties

FORT LAUDERDALE, Fla. (May 27, 2014) – Berger Commercial Realty brokers Judy Dolan and Greg Milopoulos recently represented Principal Life Insurance Company in leasing space to 15 businesses at two of the company’s properties over the past month.

 The brokerage team closed eight industrial leases at Lyons Technology Park IV in Coconut Creek and seven lease deals for warehouse space at the Mangonia Business Park in the Town of Mangonia Park near West Palm Beach.

 Lyons Technology Park IV

Located at 4811-4911 Lyons Technology Parkway, just north of the Sawgrass Expressway’s Lyons Road exit, Lyons Technology Park IV is Class A business park featuring move-in ready suites, drive-in bays, 18-foot ceiling heights, hurricane-impact glass, and ample car and truck parking. Dolan and Milopoulos represented Principal Life Insurance Company in:

  • the new lease of 6,248 square feet of space in suites one and 16 to PEC North America Inc.;
  • the lease renewal of 3,124 square feet of space in suites three and four to Creek Fitness LLC;
  • the new lease of 1,562 square feet of space in suite 22 to Fisher Capital Management, Inc.;
  • the lease renewal of 1,562 square feet of space in suite six to Butters Construction & Development Inc.;
  • the new lease of 1,562 square feet of space in suite 23 to OMG Miami Swimwear LLC;
  • the lease renewal of 1,562 square feet of space in suite 18 to Hire Authority Construction Inc.;
  • the new lease of 1,562 square feet of space in suite 20 to DLAB Capital, Inc., doing business as Junk King;
  • and the lease renewal of 1,562 square feet of space in suite four to Bead Brite LLC.

Mangonia Business Park

Located at 4711 N. Australian Ave., Mangonia Business Park features bays ranging in size from 1,532 square feet to 6,128 square feet and offers tenants easy access to I-95, ample parking, hurricane-impact glass, and 18-foot clear height ceilings. Dolan and Milopoulos brokered deals with:

 

  • ProGreen Services, LLC for a new lease of 3,064 square feet of space in suites 25 and 26;
  • Deloreto Interiors, Inc. for a lease renewal of 1,562 square of space in suite three;
  • Yacht Repairs and Maintenance LLC for a new lease of 1,532 square feet of space in suite 22;
  • Safari International Trading Corp. for a lease renewal of 1,532 square feet of space in suite one;
  • Richter Automotive, LLC for a lease renewal of 1,532 square feet of space in suite 14;
  • USA Distributor, Inc. for a new lease of 1,532 square feet of space in suite 12;
  • and Michael Roebuck for a new lease of 1,532 square feet of space in suite 5.

For more information about leasing at Mangonia Business Park or Lyons Technology Park IV, contact Berger Commercial Realty at 954-358-0900.

 

About Berger Commercial Realty

Founded in 1998, Berger Commercial Realty is a full service commercial real estate firm. A regional, independent and privately-owned firm, services include brokerage/tenant and buyer representation, property management, agency/project leasing, capital advisory/investment sales, construction/project management, and retail services. For more information, visit bergercommercial.com.

Berger Commercial Realty Honored by Industry Leader CoStar as a Top Leasing and Sales Firm in Broward County

May 5th, 2014

FORT LAUDERDALE, Fla. (May 5, 2014) – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale, announced it has earned two CoStar Power Broker Awards as a Top Leasing Firm in Broward County and as a Top Sales Firm in Broward County for the firm’s volume of sales and leasing transactions in 2013. It is the seventh time the firm has won the annual awards.

 Additionally, Berger Commercial Vice President Joseph Byrnes and Berger Commercial Principal Keith Graves won CoStar Power Broker Awards as  Top Leasing Brokers.

 CoStar annually tallies commercial real estate sales and lease transactions to determine the winners of the prestigious CoStar Power Broker Awards, presented to firms and brokers who closed the highest transaction volume in commercial property sales and leases in their respective markets.

 “As the largest provider of information and analytics for the commercial real estate industry, CoStar is uniquely qualified to rank and recognize the most active firms and individual dealmakers in the South Florida region,” said Berger Commercial Realty President Lloyd Berger. “We saw a great deal of activity in 2013 and these CoStar awards reflect that.”

 This is the eighth year Byrnes has received a CoStar Power Broker Award. A leasing specialist who represents more than 800,000 square feet of office, industrial and retail space, Byrnes is a member of the Broward Economic Development Board and a past member of the Commercial Industrial Real Estate Broker Association, for which he served as president from 2005 through 2010.

 This is the second consecutive year that Graves has received a CoStar Power Broker Award. He has more than 25 years of experience in South Florida’s commercial real estate market and a long history of transactions including industrial, office, land and retail. Graves holds a Professional Designation of Real Property Administrator (RPA) from BOMI International and is a member of NAIOP’s South Florida Chapter and the Realtors Commercial Alliance of Miami.

 

Both Byrnes and Graves have received Certified Commercial Investment Member (CCIM) designations from the CCIM Institute, a leading commercial real estate association that recognizes experts in the commercial and investment real estate industry.

 

About Berger Commercial Realty

Founded in 1998, Berger Commercial Realty is a full service commercial real estate firm.  A local, independent and privately-owned firm, Berger can customize services and adapt to clients needs and the ever changing real estate market.  Services include brokerage/tenant and buyer representation, property management, agency/project leasing, capital advisory / investment sales, construction/project management, and retail services. The company established a dedicated division, Berger Special Assets, to serve as receiver and enhance the value of distressed properties by providing expert management, leasing and sales representation on behalf of lenders and financial institutions. For more information, visit bergercommercial.com.

Working With Millennials in Commercial Real Estate

March 31st, 2014

By: Greg Milopoulos and Jonathan Thiel

Much has been said about Millenials, the newest generation of workers born in the 1980s and 1990s, yet we’re often misunderstood. We bring many assets to the workforce and to the commercial real estate industry, and much like other generational shifts that came before us, we’re changing the face of business. Whether we’re representing you in a commercial real estate transaction, or working alongside you at a brokerage or property management firm, here’s what you need to know about working with Millennials.

Work Ethic: Starting our careers during one of the worst recessions in U.S. history has led us to become determined workers willing to prove our worth to employers and clients alike. While studies show that Millennials seek work/life balance and flexibility, we’re also accountable, goal oriented and dedicated to succeeding.

Team Players: We were raised to value group learning and are connected to our peers in ways unimaginable just a generation ago. We seek out opportunities to partner with our colleagues and learn from mentors.  According to a 2013 research study conducted by consulting firm PwC, the University of Southern California and the London Business School, “Millennials place a high priority on workplace culture and desire a work environment that emphasizes teamwork and a sense of community.”

Adaptable: We embrace new experiences and are willing to learn all sides of the business. In the ever-changing world of commercial real estate, we’re able to quickly respond to the market and adopt new skills, tactics and best practices to sell and lease space and help our clients achieve their business objectives.

Motivated: Young commercial real estate brokers are motivated. We’re willing to follow up on every call and every lead, even the long shots. While most senior real estate brokers have already built their book of business, we are eager to acquire new clients and are willing to go the extra mile to secure new opportunities and develop our career.

Creative Thinkers: We bring new ideas and fresh thinking to the table. Known for being critical thinkers who look at situations from all angles, Millennials have boundless imagination. During brainstorming sessions, we’re willing to explore all ideas and not let past experiences hamper new possibilities.

Knack for Marketing: Complementing the range of services and depth of expertise offered by our more senior counterparts, young commercial real estate brokers are able to tap into innate digital skills and utilize the latest technologies available today to aggressively market properties to new audiences.

Colleagues, clients and mentors should take advantage of the synergistic opportunity for success that’s created when the viewpoints of veteran executives are paired with the unique traits of young commercial real estate brokers, who are helping to lead the way into the future for business people of all ages.

Greg Milopoulos is a broker associate at Berger Commercial Realty and has more than seven years of commercial real estate and construction experience. Milopoulos handles industrial and office leasing for the firm and can be reached at 954-358-0900 or GMilopoulos@bergercommercial.com. Jonathan Thiel is a sales associate at Berger Commercial Realty, where he handles leasing and sales of office, retail and industrial properties. He can be reached 954-358-0900 or JThiel@bergercommercial.com.

Berger Commercial Realty Broker Steve Hyatt Arranges $1.44 Million Sale of Apartment Complex in Fort Lauderdale’s Victoria Park Neighborhood

March 14th, 2014

FORT LAUDERDALE, Fla. (March 14, 2014) – Berger Commercial Realty announced the $1.44 million sale of a 16-unit multi-family apartment complex, known as Jasmine Court, to Madison Realty Investors, represented by Berger Commercial Realty Senior Vice President Steve Hyatt.

Victoria Park Apartments LLC sold the property, located at 816-822 N.E. 18 Ave. in the Victoria Park neighborhood of Fort Lauderdale. The complex consists of a 7,477-square-foot building and a 3,465-square-foot building for a total property size of 10,942 square feet.

“This is the second apartment complex I’ve sold recently in the southeast Fort Lauderdale submarket,” Hyatt said.  “The area is a very attractive rental market with low vacancy and appreciating rents. Victoria Park is close to downtown, shopping and the beach, making it a popular choice among renters, and my client saw an attractive investment opportunity in owning this particular property at $90,000 per apartment unit.”

Madison Realty Investors (MRI) has a presence in the Southeast, Colorado and other Rocky Mountain states. Since its founding in 1998, MRI has focused on purchasing office buildings and apartment complexes.

About Berger Commercial Realty:

Founded in 1998, Berger Commercial Realty is a full service commercial real estate firm.  A regional, independent and privately-owned firm, services include brokerage/tenant and buyer representation, property management, agency/project leasing, capital advisory/investment sales, construction/project management, and retail services. For more information, visit bergercommercial.com.

The Original Brooklyn Water Bagel Company Purchases Downtown Fort Lauderdale Site for $450,000

March 3rd, 2014

Steve Hyatt and Joseph Byrnes of Berger Commercial Realty arrange purchase of property located across from new Broward County Courthouse Complex

FORT LAUDERDALE, Fla. (March 3, 2014) – Berger Commercial Realty brokers Steve Hyatt and Joseph Byrnes recently represented H20 Bagel LLC in the purchase of a free-standing building, located at 601 S.E. 3rd Ave. in Fort Lauderdale, for $450,000 from Michael Buckley and his family.

Located across the street from the new Broward County Courthouse, the existing building will be demolished. A new free-standing Original Brooklyn Water Bagel prototype restaurant, featuring an iconic water tower, will be built on the site.

“After a thorough search of both retail lease and sale opportunities in downtown Fort Lauderdale, the Original  Brooklyn Water Bagel Company selected this site due to its highly visible corner location directly across the street from the new 741,000-square-foot Broward County Courthouse Complex, the existing Broward County School Board headquarters, and the 110 Tower,” said Berger Commercial Realty Senior Vice President Steve Hyatt.

Hyatt added that in addition to the appeal of the surrounding commercial and government office properties, the Original  Brooklyn  Water Bagel Company selected the site due to its proximity to more than 2,000 new residential units under development on the south side of the New River between Federal Highway and the SEC railroad tracks.

“This is a very convenient location for these new residents, as well as a central hub and stopping point for the new Wave Streetcar line scheduled to start service in 2016,” he said.

The Original Brooklyn Water Bagel purchase marks the eighth sales transaction Berger Commercial Realty has handled in the downtown Fort Lauderdale market in the past 16 months. The firm’s brokers have noted an uptick in area sales of small infill retail, multifamily residential, and well-located office buildings since early 2010.

“Businesses recognize that the momentum in downtown Fort Lauderdale is real, as evidenced by various new construction projects and cranes once again dotting the skyline. Smaller players see the opportunity to provide goods and services to a new wave of workers and residents, thus driving the demand for commercial real estate space,” Hyatt said.

About Berger Commercial Realty

Founded in 1998, Berger Commercial Realty is a full service commercial real estate firm.  A local, independent and privately-owned firm, Berger customizes services and adapts to clients’ needs and the ever changing real estate market.  Services include brokerage/tenant and buyer representation, property management, agency/project leasing, capital advisory/investment sales, construction/project management, and retail services. For more information, visit bergercommercial.com.

Berger Commercial Realty Hires New Senior Property Manager

February 27th, 2014
Coral Springs resident Patricia Lehmbeck to oversee more than 1 million square feet of space in Broward and palm beach

FORT LAUDERDALE, Fla. (February 27, 2014) – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced it has hired Patricia Lehmbeck as a senior property manager.

In her new position, Lehmbeck will manage the overall operations of more than 1 million square feet of office and industrial space in Broward and Palm Beach counties. Previously employed by CBRE, she joins Berger Commercial Realty with more than 9 years of property management and accounting experience.

“We are pleased to welcome Patricia to our team of experienced real estate professionals,” said Berger Commercial Realty President Lloyd Berger. “A knowledgeable property manager, Patricia offers our clients her expertise in tenant relations and developing and implementing solutions that improve property values.”

A resident of Coral Springs, Lehmbeck received her bachelor’s degree in business management at Ottawa University in Kansas and earned a master certificate in applied project management through Philadelphia-based Villanova University’s online professional education program.

Ranked among the largest commercial  real estate firms in South Florida, Berger Commercial Realty provides comprehensive, cost-effective property management and brokerage services to both institutional and non-institutional owners. For more information, visit bergercommercial.com.

 

Fort Lauderdale Industrial Property Sells for More Than $1.2 Million

February 18th, 2014

Berger Commercial Realty Broker St. George Guardabassi Negotiates Deal

FORT LAUDERDALE, Fla. (February 18, 2014) – Berger Commercial Realty broker St. George Guardabassi handled the sale of a 17,800-square-foot industrial building to Mareleng Inc. for $1,225,000. Guardabassi represented the seller, Baer Investment Management.

The property, which will be used by a marine engineering business, features a large rectangular warehouse with three docks, drive-in ramp door, 18-foot clear height ceilings, three-phase electricity, and ample parking and a fenced side yard.

It is located at 840 N.W. 57th Place in Fort Lauderdale– north of Commercial Boulevard, south of Cypress Creek Road, and east of Powerline Road, near I-95.

About Berger Commercial Realty Corp.

Founded in 1998, Berger Commercial Realty Corp. is a full service commercial real estate firm.  A local, independent and privately-owned firm, Berger customizes services and adapts to clients’ needs and the ever changing real estate market.  Services include brokerage/tenant and buyer representation, property management, agency/project leasing, capital advisory / investment sales, construction/project management, and retail services. The company established a dedicated division, Berger Special Assets, to serve as receiver and enhance the value of distressed properties by providing expert management, leasing and sales representation on behalf of lenders and financial institutions. For more information, visit www.bergercommercial.com.