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.