Berger Commercial

FORT LAUDERDALE, Fla. (June 10, 2013)- Seagis Property Group, a Pennsylvania-based owner of industrial real estate in South Florida, has hired full-service commercial real estate firm Berger Commercial Realty to manage a  portfolio of 34 flex and industrial properties totaling approximately 2.8 million square feet of space in Miami-Dade County and 1.9 million square feet of space in Broward County.

Berger Commercial Realty previously provided management services to Seagis Property Group from 2007 to 2011. The firm also handles leasing for several Seagis properties in Broward County, including four buildings at the Fort Lauderdale Commerce Center, as well as the Palm Crossing North, South and Central properties in Fort Lauderdale.

“We are seeing a new trend of institutional owners seeking regional, independently owned real estate firms with in-depth knowledge of the local market and Seagis recognizes that we have the highly effective management expertise they are looking for in Broward and Miami-Dade counties,” said Berger Commercial Realty President Lloyd Berger. ” We are pleased to further strengthen our partnership with Seagis by providing them with the superior management services that are the foundation of our firm’s success.”

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.

Seagis  currently owns approximately 10 million square feet of industrial space in the South Florida, Central/Northern New Jersey, and JFK Airport markets. For more information, visit seagisproperty.com.

FORT LAUDERDALE, Fla. (May 29, 2013) – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced two new lease transactions.

Berger Commercial Realty Vice President Judy Dolan and Senior Vice President St. George Guardabassi represented The Curtis T. Bell Trust in the seven-year lease of a 9,600-square-foot office space, located 200 N. Andrews Ave. in Fort Lauderdale, to a medical technology company.

Additionally, Berger Commercial Realty Senior Vice President Steve Hyatt represented Court House Plaza in the two-year lease of 1,260 square feet of office space, located in the at 700-705 S.E. 3rd. Avenue in Fort Lauderdale, to attorney William Allen.

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 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.

FORT LAUDERDALE, Fla. (May 20, 2013) – 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 Keith Graves, St. George Guardabassi and Greg Milopolous.

Graves and Guardabassi represented Schaefer Industrial in a three-year lease of 8,000 square feet of warehouse space, located at 3336 SW 13th Avenue in Fort Lauderdale, to SGA Holdings LLC, represented by Milopoulos.

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 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.

FORT LAUDERDALE, Fla. (May 13, 2013) – Berger Commercial Realty Vice President Joseph Byrnes recently closed four lease transactions for Lauderdale Market Place Inc. and Lauderdale Marketplace Investments, LLC.

Property Address: 2946 N. State Road 7, Lauderdale Lakes, FL 33311
Landlord: Lauderdale Market Place Inc., represented by Joseph Byrnes
Tenant: Carl’s Seafood Restaurant, Inc.
Type: Retail
Transaction: Lease Renewal
Square Footage: 1,200

Property Address: 2946 N. State Road 7, Lauderdale Lakes, FL 33311
Landlord: Lauderdale Market Place Inc., represented by Joseph Byrnes
Tenant: Fast-Tax, Inc.
Type: Retail
Transaction: New Lease
Square Footage: 900

Property Address: 3684 W. Oakland Park, Lauderdale Lakes, FL 33311
Landlord: Lauderdale Marketplace Investments, LLC, represented by Joseph Byrnes
Tenant: Sweet Daddy Wings & More
Type: Retail
Transaction: New Lease
Square Footage: 1,200

Property Address: 2904 N. State Road 7, Lauderdale Lakes, FL 33311
Landlord: Lauderdale Marketplace Investments, LLC, represented by Joseph Byrnes
Tenant: Radio Shack
Type: Retail
Transaction: Lease Renewal
Square Footage: 2,200

Byrnes also represented travel agency Pirates of Paradise, Inc., in the lease of 3,395 square feet office space from Oakland Commerce Center at 3215 N.W. 10th Terrace in Fort Lauderdale.

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 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.

FORT LAUDERDALE, Fla. (May 8, 2013) – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced broker Keith Graves recently leased 31,734 square feet of industrial space at Palm Crossing North, South and Central in Fort Lauderdale.Representing landlord Seagis Property Group, Graves leased:

• 10,665 square feet to Schneider Electric;
• 7,236 square feet to LifeSync Corporation;
• 7,833 square feet to Vitalgo, Inc.;
• and 6,000 square feet to Qualtek, Inc.

The firm also represents Seagis in leasing a portfolio of flex and industrial properties, totaling 291,900 square feet of space among four buildings, at the Fort Lauderdale Commerce Center, which features approximately 2.4 million square feet of space among 66 commercial buildings.

In the past 12 months, Berger Commercial Realty has closed 11 leases totaling 66,737 square feet of the Seagis portfolio, which accounts for 28 percent of the Commerce Center’s total leasing activity within the same time period. Compared to the Fort Lauderdale Commerce Center’s overall 16.1 percent vacancy rate, the Seagis portfolio is now 94 percent occupied.

“Together with Seagis, we have been proactively positioning their portfolio as an attractive option for tenants looking for space at the Fort Lauderdale Commerce Center and in central Broward County,” said Graves, who has more than 23 years of experience in South Florida’s commercial real estate market.  “We carefully study current market conditions and trends so we can respond accordingly.“

Seagis Property Group is a leading owner of industrial real estate in South Florida, New Jersey, and the New York Metropolitan area. Founded in March 2005, Seagis has acquired 140 buildings and currently owns approximately 9 million square feet of industrial space, with a particular focus on the Miami, Fort Lauderdale, Central/Northern New Jersey, and JFK Airport markets.

 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.

Property features prime office-distribution space with convenient access to tri-county market.

FORT LAUDERDALE, Fla. (April 25, 2013) – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced it has been awarded the exclusive leasing assignment for a two-building, modern-style industrial facility, known as the I-595 Distribution Center, by Prologis, the leading owner, operator and developer of industrial real estate in regional markets worldwide.

The 150,452-square-foot property, located at 7050-7060 W. State Road 84 in Davie, is situated on more than 12 acres of land strategically located in central Broward County along the I-595/State Road 84 corridor with convenient access to the tri-county market. The facility has 18,424 square feet of prime office-distribution space currently available for lease. Features include 22+/- foot clear height ceilings, a combination of docks and loading ramps, and three-phase power.

“Prologis understands that real estate is ultimately a ‘local’ business,” said Berger Commercial Realty broker Keith Graves, who will be handling leasing for the property along with broker associate Greg Milopoulos. “They recognize that we are a highly effective, Florida-based firm with expertise in this type of property, and know that  we already service a large industrial portfolio.”

Prologis owns or has investments in properties and development projects totaling approximately 554 million square feet in 21 countries. The company leases modern distribution facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.

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.

Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced four new sales from broker Judy Dolan.

Dolan represented Waterfall Victoria REO 2010-02, LLC in the sale of 6,430 square feet of office space, located at 7635 Ashley Park Court in Orlando, to Winchester Holdings for $519,400. The property will be utilized as executive suites.

She also represented Waterfall Victoria Mortgage Trust 2011-SBC1 REO, LLC in the sale of a 8,899-square-foot former daycare center, located at 1720 11th St. W. in Bradenton, for $330,000 to JMC 2006 Trust.

Additionally, Dolan represented Waterfall Victoria Mortgage Trust 2010-SBCI REO, LLC in a cash deal of $180,000 for the sale of 2,307 square feet of office space, located at 2295 S. Hiawassee Court in Orlando, to Vegas Place, LLC, and in the sale of a 12,402-square-foot, vacant retail and office center, located in Clearwater Beach, to 527-521 Cleveland, LLC for $550,000.

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 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 President Lloyd Berger and Senior Vice President Steve Hyatt recently represented CBSA Law Plaza, LLC in the $4.925 million sale of the Courthouse Law Plaza, located at 700 and 750 S.E. 3rd Ave in Fort Lauderdale, to the AIDS Healthcare Foundation, which hired the firm to manage the 52,000-square-foot office property.

Last summer, CBSA Law Plaza retained Berger Commercial Realty to reposition the property after Jacksonville-based Everbank filed a foreclosure lawsuit against the company. After several months of improvements, managed by Berger Commercial Realty Vice President of Property Management Tim Hackett, the property was listed on the market.

“Our client CBSA had several significant offers on the property, and after we helped them evaluate their options, they selected the AIDS Healthcare Foundation,” said Lloyd Berger.  “All stakeholders in the transaction were pleased with the result.”

After the sale, Everbank withdrew its lawsuit and declared the loan satisfied.

CBSA Law retained approximately one acre of land adjacent to the property, previously used as an overflow parking lot, which is now for sale. Hyatt is marketing the parcel.

About Berger Commercial RealtyFounded 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.