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Q4 2018 Market Reports

Tuesday, February 5th, 2019

Q4 18 Market reports

We are pleased to provide you with this copy of Berger Commercial Realty Corp.’s 2018 Q4 Broward and Palm Beach County Market Reports for the office and industrial real estate markets

Broward Industrial Q4_18

Broward Office Q4_18

Palm Beach Industrial Q4_18

Palm Beach Office Q4_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.

Berger Commercial Realty Expands Team

Tuesday, January 29th, 2019

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Fort Lauderdale, FL – January 29, 2019 Berger Commercial Realty/CORFAC International welcomes Mary Harris as sales associate in their Fort Lauderdale office.

 

Recognized by the South Florida Business Journal as a Power Leader in Marketing, Harris is a respected marketing executive with more than 25 years of experience. Most recently she served as senior vice president of Marketing and Public Relations for BankUnited, responsible for the bank’s community, and public relations, advertising and branding initiatives, and client acquisition.

 

She was integral to the rebranding of the bank in its transformation into one the largest regional commercial real estate lenders, now on Forbes magazine’s list of “Best Banks in America.”

 

“Mary possesses the business development experience and tenacity to be a force to be reckoned with in the South Florida commercial real estate arena,” said Berger Commercial Realty President Lloyd Berger. “With her experience in marketing and community involvement, we’re beyond excited to have her on our team.”

Harris also served as public relations manager of Neiman Marcus – Fort Lauderdale and vice president and marketing director for Union Bank in Plantation. She was also an adjunct professor at Nova Southeastern University for nearly eight years in business communication.

Honored by March of Dimes, Leadership Broward and Big Brothers Big Sisters for her leadership in the community, Mary has also served Board positions with the United Way of Broward, Lighthouse of Broward, First Tee of Broward,  and the Humane Society among others.

Mary holds a master’s degree from Florida International University, a bachelor’s degree from George Mason University and is certified by the Protocol School of Washington.    

Berger Commercial Realty Negotiates 23,000 SF Lease Deal At Lakeview Plaza

Monday, January 21st, 2019

FORT LAUDERDALE, Fla. –Berger Commercial Realty/Corfac International Senior Vice President St. George Guardabassi and Senior Sales Associate Jonathan Thiel negotiated a 22.957-square-foot lease at Lakeview Plaza, located at 5901-6069 Northwest 31 Avenue in Ft. Lauderdale, Florida.

Expose Yourself USA, a full service sign and digital printing company, signed a 5-year lease renewal at 5967 Northwest 31 Avenue.

Guardabassi and Thiel represented the landlord, Lakeview Plaza, Inc., in the deal.

Lakeview Plaza is a 3 building, 71,000-square-foot office/warehouse/showroom complex located at the intersection of Cypress Creek Road and Northwest 31st Avenue. The project offers nearly 900 feet of frontage facing 31 Avenue. The property includes office space, retail shops and several large warehouses occupants.

Berger Commercial Realty Hires Sales Associate James Karrat

Wednesday, December 19th, 2018

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FORT LAUDERDALE, Fla. – Berger Commercial Realty/CORFAC International announces the hiring of Plantation resident James Karrat as the firm’s newest sales associate. He will be focused on landlord representation for office, retail and industrial properties throughout the tri-county region.

 

“We recognized James as someone with the drive and experience necessary to excel in commercial real estate,” said Berger Commercial Realty President Lloyd Berger. “I have never before seen anyone hit the ground running like James. We look forward to sharing his many successes.”

 

Karrat joins the firm following 11 years of practicing law as an attorney, originally with the Broward County State Attorney’s Office and most recently as a civil litigator and partner at a real estate law firm.

 

A Broward County native, Karrat graduated with honors from Florida Atlantic University with a Bachelor of Arts degree. He received his Juris Doctor degree from St. Thomas University School of Law, where he was awarded the Ken Feldman Pro Bono Service Award.

 

“I believe my local upbringing and background in law and real estate will result in a smooth transition into the commercial real estate industry,” Karrat said.

 

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.

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

Friday, 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

Monday, 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

Monday, 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

Monday, October 8th, 2018

866_NE_20th_Ave

 

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

Thursday, 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

Thursday, 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.