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Berger Commercial Realty Facilitates Purchase Of 70,000 SF Building In Vista Business Park

May 8th, 2017

Berger Commercial Realty/CORFAC International President Lloyd Berger and Broker Associate Robert Dabrowski recently represented McNab Commerce No. 1, LLC in the $8.9 million purchase of 2361 and 2365 Vista Parkway from McCraney Property Company.

The 70,000-square-foot building is one of three facilities located within Vista Business Park in West Palm Beach.

McNab Commerce, a longstanding partnership between commercial real estate developers Austin Forman and Jack Loos, retained Berger Commercial Realty as the exclusive leasing agent and property manager for the building.

“This was a very smooth transaction between two experienced real estate operators,” Berger said.

The firm most recently represented Forman and Loos in the $8 million sale of McNab Commercial Center to Genet Property Group in December 2016.

2361 and 2365 Vista Parkway is a multi-tenant, small bay facility that features front-load, grade-level doors and 18-foot ceilings. At the time of the sale, which was an off-market transaction, the building was 100 percent occupied.

Vista Business Park is located within Vista Center, a 500-acre, master-planned business park. It offers direct access to Florida’s Turnpike and is within minutes of I-95, Palm Beach International Airport and downtown West Palm Beach.

Berger Commercial Realty Facilitates $14.8 Million Sale of East Port Center

April 27th, 2017

Firm retained by new owner to lease and manage the property

 

FORT LAUDERDALE, Fla. (April 27, 2017) – Berger Commercial Realty/CORFAC International Senior Vice Presidents St. George Guardabassi and Judy Dolan represented EJP East Port, LLC in the $14.8 million sale of East Port Center to East Port Center, LLC.

Following the transaction, which closed on April 26, the new owner retained Berger Commercial Realty as the exclusive leasing agent and property manager for East Port Center.

“St. George and I have handled leasing for East Port Center for several years, securing major tenants including Pantropic Power, Azimut Benetti, Dow Electronics and others,” Dolan said. “We look forward to continuing our track record of keeping the property at 100 percent occupancy.”

Located at 1881 to 1887 State Road 84 in Fort Lauderdale, East Port Center is a 108,500-square-foot industrial park situated at the northeast corner of I-95. The state-of-the-art complex features 20 feet of clear ceiling height, ample parking, frontage on State Road 84, all glass storefront facades and rear dock-high loading.

“East Port Center is Fort Lauderdale’s highest rated, class-A flex building east of I-95,” Guardabassi said.

The property’s location at the intersection of I-95 and Marina Mile Road makes it accessible from major roadways including I-595, Florida’s Turnpike, State Road 7, and Federal Highway. East Port Center is located within two miles of Fort Lauderdale/Hollywood International Airport and Port Everglades.

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 visit www.corfac.com.

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Berger Commercial Realty Secures 38,000 SF In Lease Transactions In Palm Beach County

April 21st, 2017

Berger Commercial Realty/CORFAC International Senior Vice President Joseph Byrnes and Sales Associate Robert Dabrowski recently secured 38,339 square feet in lease transactions on behalf of landlords in Palm Beach County.

Delray Office Plaza

At Delray Office Plaza, located at 4731 W. Atlantic Blvd. in Delray Beach, Byrnes and Dabrowski represented Atlantic Avenue Properties & Investments, LLC in:

  • the new lease of 4,735 square-feet of office space to National Moving Group, Inc.;
  • the new lease of 1,586 square-feet of office space to Lytell Capital, Inc.;
  • the lease renewal of 4,926 square-feet of office space to Septic Maxx;
  • the lease renewal of 4,731 square-feet of office space to 3M Company;
  • the lease renewal of 1,255 square-feet of office space to Department of Agriculture & Consumer Services;
  • and the lease renewal of 1,171 square-feet of office space to Eglise de Dieu Beree.

Delray Office Plaza is a single-story, three-building office park featuring lush courtyards, round-the-clock access, floor-to-ceiling glass, and private entrances and bathrooms in each suite. The property is located just east of Military Trail on W. Atlantic Avenue within minutes of I-95, Florida’s Turnpike and downtown Delray Beach.

 

BB&T Centre

The brokers also represented Millennium One, LLC in the lease renewal and expansion of 3,103 square-feet of office space to ConVergence Technologies, Inc. at BB&T Centre. Located at 2001 Broadway in Riviera Beach, BB&T Centre is a six-story office building offering onsite banking, ample parking, and Intracoastal and ocean views. The 58,460-square-foot building is located in downtown Riviera Beach on US-1 and features direct access to Singer Island, the Port of Palm Beach and downtown West Palm Beach.

 

Woolbright Professional Building

Byrnes and Dabrowski represented Woolbright Properties & Investments, LLC in leasing 1,671 square-feet of office space to Tobias & Associates, Inc. at the Woolbright Professional Building, located at 2240 Woolbright Road in Boynton Beach. The Woolbright Professional Building is a 79,204-square-foot, class-A office building located just off of I-95 on the south side of Woolbright Road just east of Congress Avenue. The building features ample parking, round-the-clock access, signage opportunities and onsite management.

 

Woolbright Corporate Center I

Dabrowski represented Congress Properties & Investments, LLC in leasing 1,667 square-feet of office space to Ligget & Webb, P.A. at Woolbright Corporate Center I, located at 1901 S. Congress Ave. in Boynton Beach. The 57,566-square-foot, four-story office building offers round-the-clock access, onsite management, signage opportunities and convenient access to I-95.

 

Woolbright Corporate Center II

At Woolbright Corporate Center II, located at 1903 S. Congress Ave. in Boynton Beach, Byrnes and Dabrowski represented Congress Properties & Investments, LLC in:

  • the new lease of 7,247 square-feet of office space to Trustbridge, Inc.;
  • the new lease of 4,750 square-feet of office space to Foundcare, Inc.;
  • and the lease renewal of 1,497 square-feet of office space to Sobey’s Produce, Inc. in suite 300.

Woolbright Corporate Center II is a 58,026-square-foot, four-story office building adjacent to Woolbright Corporate Center I. The building also offers round-the-clock access, onsite management, signage opportunities and convenient access to I-95.

Berger Commercial Realty Facilitates Sale Of 3rd Building In $7.7 Million AMC Liquidators Portfolio

April 19th, 2017

 

Berger Commercial Realty/CORFAC International Senior Vice Presidents Keith Graves and St. George Guardabassi recently represented Accountable Storage, LLC in the $345,000 sale of the 5005 Building to Firstway Storage Commercial, Inc.

Located at 5005-5007 N.W. 37th Ave. in Tamarac, the 3,256-square-foot industrial building is situated on a 7,345-square-foot lot along the Commercial Boulevard corridor between I-95 and Florida’s Turnpike. The warehouse can be divided into 12 separate bays and features 14 feet of clear ceiling height and grade-level overhead doors.

The building was part of a $7.7 million portfolio of six properties in Tamarac spanning 5.39 acres and totaling 59,256 square-feet of space. The exclusive sales listing for the portfolio was awarded to Berger Commercial Realty in 2016 by AMC Furniture Liquidators, which plans to consolidate operations and relocate within the South Florida market.

The warehouse is the third property in the portfolio to have been sold by Graves and Guardabassi after the brokers facilitated the $227,000 sale of 5011-5013 N.W. 37th Ave. to Air-Ways Mechanical Services, LLC in January and the $965,000 sale of 3801 N.W. 50th Street to S.V.P. Tile & Marble, Inc. in December.

The remaining properties in the portfolio include:

  • 3705 W. Commercial Blvd., a 30,656-square-foot freestanding office/showroom and warehouse building situated on an 89,000-square-foot lot that is listed at $3.675 million and features 18-foot ceilings, dock-high loading and exterior signage opportunities;
  • a 44,500-square-foot land parcel, listed at $1 million, on W. Commercial Blvd. adjacent to the other the properties;
  • and 3803 W. Commercial Blvd., a 10,064-square-foot retail building located on a 43,659-square-foot lot that is listed at $1.5 million and consists of a 3,500-square-foot bay and a 6,564-square-foot bay. The building is currently under contract.

Berger Commercial Realty Recognized by CoStar in Power Broker Awards

April 13th, 2017

2016-Power-broker-awards-magazine

 

The awards celebrate the top commercial real estate firms and brokers in the industry

 

In more than 90 markets across the United States, CoStar researchers tallied all commercial real estate sales and lease transactions that closed in 2016 to determine the winners of its annual Power Broker Awards, which recognize the firms and brokers who have proven themselves as the most effective and reliable in their respective markets throughout the year.

 

At Berger Commercial Realty/CORFAC International, we extend our thanks to CoStar for recognizing our firm in the 2016 Power Broker Awards as a Top Sales Firm and Top Leasing Firm in the Fort Lauderdale/Broward County market. It is an honor to be acknowledged for our track record throughout the year and to be held in such high regard. We will continue to work as diligently as we did in 2016 to earn the same prestigious designations in the years to come.

 

We also extend our congratulations to Keith Graves, whose commitment to providing the highest level of client service and whose expertise as a commercial real estate broker resulted in his recognition as a Top Office Leasing Broker and Top Industrial Leasing Broker in the Fort Lauderdale/Broward County market. An important member of the Berger Commercial Realty team, Keith sets the standard for work ethics and efficiency in our industry and we are fortunate to call him a colleague and friend.

 

Presented to those who closed the highest transaction volume in commercial property sales and leases throughout the year, the Power Broker Awards honor the very best brokerages and individuals in commercial real estate. We congratulate all of the Power Broker Awards winners whose hard work and talent deserve such recognition and we look forward to another year of successes in the commercial real estate industry!

Experience the Power of Market Knowledge

April 12th, 2017

Managing and leasing your own Commercial Real Estate proved to be more demanding than you thought? That’s why Berger Commercial Realty offers third-party brokerage, management and receivership services. Dedicated to your success, together we’ll align our services and your individual business goals. We have the knowledge, expertise, and systems already in place, keeping you ahead of the curve. Give us a call or visit us online to see how we can help you Experience the power of market knowledge.

Berger Commercial Realty Reps Tenants In 26,000 SF Of Lease Transactions

April 10th, 2017

Berger Blog header

Berger Commercial Realty/CORFAC International brokers recently secured 26,437 square feet in lease transactions on behalf of tenants across Florida.

At Ivy Quorum Property, LLC‘sQuorum Business Park, located at 736 S. Military Trail in Deerfield Beach, Broker Associate Roxanna Collins represented Florida Iron Doors in the lease expansion of 12,991 square feet of space. Collins previously represented Florida Iron Doors when the company relocated its facility in Pompano Beach and expanded by more than 6,000 square-feet.

Sales Associate Robert Dabrowski represented Capoeira Karkara Cultural Arts Center, Inc. in leasing 4,128 square feet of industrial space from Hot Dog Real Estate Holdings at 108 Commerce Road in Boynton Beach. Capoeira Karkara provides lessons in a Brazilian martial art form that combines self-defense and fighting techniques with dance, acrobatics, music, culture and more.

Sales Associate Lawrence Oxenberg represented Simon’s West Palm Beach in leasing 3,318 square feet of retail space from Hudson Bay Trading Company at Cross County Plaza, located at 1948 N. Military Trail in West Palm Beach. Additionally, Oxenberg represented Simon’s Delray Beach in leasing 3,300 square-feet of retail space from Congress Square, Ltd. at Congress Square, located at 2120 W. Atlantic Avenue in Delray Beach.

Oxenberg also represented Noire the Nail Bar in leasing 1,600 square-feet of retail space from SUSO 4 Seminole LP at Seminole Oaks Shopping Center, located at 10202 102nd Ave. North in Seminole. The space will function as a luxury nail salon and spa.

Senior Sales Associate Jonathan Thiel represented DHR Mechanical Services-Orlando, LLC in leasing 1,100 square feet of flex space from Pine Ridge Park Holdings, LLC at Pine Ridge Park, located at 1081 N.W. 53rd Street in Fort Lauderdale. DHR Mechanical is a leading commercial HVAC contractor in Florida.

Berger Commercial Realty Secures 53,000 Square Feet For Pharmaceutical Logistics Company

March 27th, 2017

michael feuerman web

Michael Feuerman, tenant representation specialist and Palm Beach County managing director for Berger Commercial Realty/CORFAC International, recently closed a lease for 53,139 square-feet of industrial space for a pharmaceutical logistics company in Boca Raton.

Feuerman represented WDSrx – Woodfield Distribution, LLC in leasing the space at 6500 Park of Commerce Blvd.

WDSrx provides pharmaceutical logistics services and operates from facilities in Boca Raton, Pompano Beach and Sugar Land, Texas. With this transaction, WDSrx established its second location in Boca Raton.

 

“WDSrx is occupying the warehouse portion of the building, which is located within the Park at Broken Sound between Clint Moore Road and Yamato Road in Boca,” Feuerman said.

 

The 83,000-square-foot, class-A building offers 24 feet of clear ceiling height, tilt-wall construction, grade-level and dock-high loading areas, and immediate access to I-95 via Yamato Road. It is owned by Exeter 6500-6500 Park of Commerce, LLC.

Berger Commercial Realty Secures 41,000 Square Feet In Lease Transactions

March 22nd, 2017

 

 

Berger Blog header

Berger Commercial Realty/CORFAC International recently secured 40,764 square-feet in lease transactions of behalf of landlords across Broward County.

Harbor Walk

Senior Vice President Steve Hyatt represented Intervest Harbor Walk, LLC in leasing 9,396 square feet of office space to IFA United -I- Tech, Inc. at Harbor Walk, located at 1650 S.E. 17th Street in Fort Lauderdale. With the transaction, the building is 95 percent occupied.

The 60,360-square-foot Harbor Walk building consists of four stories and features an onsite restaurant, renovated common areas, signage opportunities and a parking garage directly accessible from the first three floors of the building. The property is located along the 17th Street Causeway in close proximity to Fort Lauderdale International Airport, Port Everglades, Fort Lauderdale Beach and downtown Fort Lauderdale.

 

Medical Arts Complex

At the Medical Arts Complex, located at 4701 N. Federal Highway in Fort Lauderdale, Senior Sales Associate Jonathan Thiel represented 4811 Lyons Tech Pkwy, LLC in renewing a lease for 5,095 square-feet of medical space to Meli Orthopedic Centers of Excellence, LLC. The Medical Arts Complex is a 44,220-square-foot building located adjacent to Holy Cross Hospital in eastern Broward County. The building is 100 percent occupied.

 

Executive Airport Business Center

Senior Vice President Judy Dolan and Senior Sales Associate Jonathan Thiel represented TCPH Broward, LLC in leasing 3,754 square-feet of office space to Design Solutions International, Inc. at Executive Airport Business Center.

Located at 5101 N.W. 21st Ave. in Fort Lauderdale, Executive Airport Business Center consists of 73,289 square feet of single-story office space situated on a 6.09-acre lot. The two-building property was recently upgraded with fresh paint, a resealed parking lot and revitalized landscaping. Executive Airport Business Center is located directly across from Fort Lauderdale Executive Airport at N.W. 21st Ave. and Commercial Blvd., minutes from I-95 and Florida’s Turnpike.

 

Lauderdale Marketplace

At Lauderdale Marketplace, Senior Vice President Joseph Byrnesrepresented Marketplace Plaza, LLC in:

  • the new lease of 3,000 square feet of retail space to Spartan Shipping, Inc. at 3750 W. Oakland Park Blvd.;
  • the lease renewal of 2,400 square feet of retail space to Check Cashing Store, Inc. at 3692 W. Oakland Park Blvd.;
  • the lease renewal of 2,000 square feet of retail space to Highgate, LLC at 3700 W. Oakland Park Blvd.;
  • and the new lease of 1,407 square feet of retail space at 2902 N. State Road 7 and renewal of 1,400 square-feet of retail space at 2900 N. State Road 7 to Papa John’s USA, Inc.

Lauderdale Marketplace is a 265,000-square-foot retail property that sits on a 30-acre lot at the southeast corner of Oakland Park Boulevard and North State Road 7 in Lauderdale Lakes. In 2016, Byrnes and Berger Commercial Realty President Lloyd Berger facilitated the $27 million sale of Lauderdale Marketplace. In addition to closing the sale, Berger Commercial Realty was retained to manage and lease the property.

 

Lyons Tech IV

At Lyons Tech IV, located at 4811 to 4911 Lyons Technology Parkway in Coconut Creek, Senior Vice President Judy Dolan and Broker Associate Greg Milopoulos represented 4811 Lyons Tech Pkwy, LLC in:

  • the new lease of 3,124 square feet of industrial space to Precision Contracting Services;
  • the lease renewal of 1,562 square feet of industrial space to Advanced Data Cabling & Consulting, Inc.;
  • the lease renewal of 1,562 square feet of industrial space to Associated Hydraulics Systems, Inc.;
  • the lease renewal of 1,562 square feet of industrial space to Blue Ocean Tackle, Inc.;
  • the new lease of 1,562 square feet of industrial space to Premier Automobile Sales, Inc.;
  • and the new lease of 1,562 square feet of industrial space to Scooterbuz, LLC.

Lyons Tech IV consists of 99,968 square-feet of industrial and flex space situated on 7.69 acres just north of the Sawgrass Expressway at the Lyons Road exit. The property offers a class-A business park environment, hurricane impact glass, up to 18 feet of clear ceiling height, ample car and truck parking, and convenient access to I-95, Florida’s Turnpike and the Sawgrass Expressway.

 

Cypress Creek Tower

Senior Vice President Keith Graves and Senior Sales Associate Jonathan Thiel represented Cole International Investments, LLC in extending a lease for 1,378 square feet of space to Scott B. Babbitt, P.A. at Cypress Creek Tower, located at 800 W. Cypress Creek Road in Fort Lauderdale. Cypress Creek Tower is a 62,476-square-foot, class-A office building located just west of I-95 on Cypress Creek Road.

 

Tim Hackett answers: Who pays for tenant improvements?

March 14th, 2017

Typically, the landlord pays for tenant improvements as part of the negotiation of a lease. At times, the rate of a lease or perhaps free rent is given in lieu of paying for the tenant improvements.