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Berger Commercial Realty Broker Steve Hyatt Closes $22.1 Million Deal

March 5th, 2015

art institute

Former Ocean world site in Fort Lauderdale slated for eight-story apartment complex

FORT LAUDERDALE, Fla. (March 5, 2015) – Berger Commercial Realty, a regional, full service commercial real estate firm, announced that Senior Vice President Steve Hyatt represented Alliance Residential Company in the $22.1 million purchase of 4.26 acres of land, located at 1701 S.E. 17th St., from Art Institute Investments, LLC. The property is the former site of Ocean World, a marine park and tourist attraction that closed in 1994.

Alliance plans to develop a 394-unit apartment complex, named Broadstone Harbor Beach, on the site. Plans for the complex include eight stories of apartment units; high-end amenities such as a club room, pool, putting green and a state-of-the-art fitness center; 2,700 square-feet of retail space; and a 4,600-square-foot retail outparcel.

Headquartered in Phoenix with a regional office in Boca Raton, Alliance is one of the largest private multi-family development companies in the United States, purchasing real estate, developing projects and managing properties in 19 states and 29 metropolitan markets throughout the country.

“This deal was two-and-half years in the making,” Hyatt said. “Ocean World was an old Fort Lauderdale attraction and this land has a storied history. I can still remember going to the aquarium’s dolphin show on a school field trip.”

He added, “Near the beach, shops, restaurants and more, this site is the perfect location for the Broadstone Harbor Beach apartment project that Alliance has planned.”

Hyatt has more than 30 years of real estate experience in the South Florida market. His focus areas include investment sales, land brokerage, and acquisition / disposition services for both corporate clients and private investors, including expertise in the automotive sector.

About Berger Commercial Realty

Berger Commercial Realty 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 TCN Worldwide, a network of independent commercial real estate firms providing global integrated real estate solutions. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit bergercommercial.com.

2015 Humane Society Walk for the Animals Was a Success!

March 3rd, 2015

animals

This Saturday the Berger Commercial Team participated in the Humane Society of Broward County Walk for the Animals at Huizenga Park. As a team we raised $2345.00!

The mission of the Humane Society is to provide shelter, aid and responsible adoptions to animals entrusted to their care, and educate the community about respect and kindness to all animals. If you would like to learn more about the Humane Society of Broward County you can visit their website here. http://humanebroward.com/

If you would like to see a Full Album of photos from the event, you cam visit us on our Facebook page here: https://www.facebook.com/BergerCommercialRealtyCorp

 

Berger Commercial Realty Broker Keith Graves Closes $2.9 Million Sale of Hollywood Office Building

February 23rd, 2015

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FORT LAUDERDALE, Fla. (February 23, 2015) – Berger Commercial Realty, a regional, full service commercial real estate firm, announced that broker Keith Graves closed the $2,950,000 sale of an office building, located at 2500 Hollywood Blvd. in Hollywood, for Weil Corp.

DST Investments, LLC, represented by King Real Estate, purchased the four-story, 27,041-square-foot building as an investment. Built in 1976, the class B building was 79 percent occupied with many long-term tenants at the time of sale.

“With in-place cash flow, this boutique professional office building was particularly attractive to investors seeking to establish or expand commercial real estate portfolios in South Florida,” Graves said.

Strategically located near Hollywood’s central business and arts and entertainment districts, as well as local governmental offices, banks and major roadways, the building will continue to be used as office space.

About Berger Commercial Realty

Berger Commercial Realty 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 TCN Worldwide, a network of independent commercial real estate firms providing global integrated real estate solutions. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit bergercommercial.com.

Berger Commercial Realty Brokers Represent Zachry Industrial in Land Lease from Town of Davie and IDI Gazeley

February 12th, 2015

power plant

FORT LAUDERDALE, Fla. (February 12, 2014)- Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced a new land lease closed by its brokers.

Berger Commercial Realty Vice President Joseph Byrnes and Sales Associate Jonathan Thiel represented tenant Zachry Industrial, Inc. in the new lease of 20 acres of land for a laydown yard from IDI Gazeley and the Town of Davie. The land is located at The Davie Business Center at 3300 Davie Road.

The laydown yard was leased by Zachry Industrial, Inc. in connection to their contract with Florida Power & Light to build the new Port Everglades Power Plant.

About Berger Commercial Realty

Berger Commercial Realty 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 TCN Worldwide, a network of independent commercial real estate firms providing global integrated real estate solutions. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit bergercommercial.com.

 

Berger Commercial Realty Broker Steve Hyatt Closes $2.4 Million Purchase

January 21st, 2015

tplus

Retail building located in Sunrise is triple-net leased by Tires Plus

FORT LAUDERDALE, Fla. (January 21, 2015) – Berger Commercial Realty Senior Vice President Steve Hyatt recently represented the Village Shoppes at LHP, LLC in purchasing a 5,128-square-foot retail building in Sunrise from Heyward Family Business, L.P. for more than $2.4 million.

Located at 2625 North University Drive, the building has been triple-net leased by Tires Plus, a subsidiary of Bridgestone, since it was built in 2000.

Prior to joining Berger Commercial Realty in 2008, Hyatt served for 12 years as Vice President of Corporate Development at AutoNation, where he was responsible for the acquisition and disposition of more than 175 automobile dealerships in 17 states. Using his automotive background and expertise, Hyatt has worked with numerous automotive retailers and manufacturers across the country to meet their real estate needs, including Holman Automotive, Audi Fort Lauderdale, Audi Coral Springs and the Phil Smith Automotive Group.

About Berger Commercial Realty

Berger Commercial Realty 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 TCN Worldwide, a network of independent commercial real estate firms providing global integrated real estate solutions. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit bergercommercial.com.

New Palm Beach County Office Now Open

January 9th, 2015

BergerLogo-bluetagcmyk-TCN logo

The entire team at Berger Commercial Realty is proud to share that we have officially opened our newest office in Palm Beach County.

While we have always serviced the West Palm Beach market, our expanded geographic footprint allows us to better provide the top-quality property management and brokerage services that have earned us a stellar reputation for exceeding client expectations.

Staffing our new office is a team of experienced property managers, leasing agents and sales professionals who oversee our management and brokerage assignments in Palm Beach County, including a 280,000-square-foot office portfolio that was awarded to us in September. With our expected growth in this promising market, we are currently seeking  talented commercial real estate professionals to join our Palm Beach County-based team.

Now offering services from three offices reaching from Miami-Dade to Palm Beach counties, we are proud to have truly established ourselves over the past 16 years as a top regional commercial real estate firm, with 45 team members throughout South Florida who lease and manage more than 7.2 million square feet across 62 buildings in the tri-county area.

Since our founding in 1998, it has always been our goal to provide in-depth market knowledge, comprehensive brokerage services, and highly effective management expertise for office, retail, multifamily and industrial properties throughout the tri-county area and beyond. As a member of TCN Worldwide, a network of independent commercial real estate firms providing global integrated real estate solutions, we are proud to be able to extend our reach even further than South Florida by partnering with other real estate professionals to provide commercial real estate services in more than 800 markets across the country and abroad for our diverse clientele, who range from local, individual investors to international, institutional owners.

Whether you are looking to buy, sell, lease or manage one property or a larger portfolio, call or visit us at any one of our offices to learn more about how we can help you meet your commercial real estate needs.

Palm Beach County
2240 Woolbright Road, Suite 300
Boynton Beach, FL 33426
Phone: 561.613.0900
Broward County
1600 Southeast 17th Street, Suite 200
Fort Lauderdale, FL 33316
Phone: 954.358.0900 
Miami-Dade / Broward County
11350 Interchange Circle North
Miramar, FL 33025
Phone: 305.830.0900 

Berger Commercial Realty Brokers Close Three Leases Totaling More Than 30,000 Square-Feet

December 23rd, 2014

FORT LAUDERDALE, Fla. (December 23, 2014) – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced three new lease transactions from its brokers.

Berger Commercial Realty broker Keith Graves represented landlord 1600 S.E. 17th St. Causeway, LLC in leasing 8,470 square-feet of office space, located at Harbor Place in Fort Lauderdale, to insurance brokers MHG Services, Inc. MHG was represented by John Halliday of Halliday Group Realty Advisors, Inc. The lease terms included a renewal of the tenant’s existing space and an expansion. Situated in the heart of Fort Lauderdale’s marine district, the four-story Harbor Place building features 60,804 square-feet of space, free covered parking, an onsite bank with ATM, and FedEx and UPS drop-boxes.

Additionally, Graves represented landlord 6500 N.W. 15th Ave., LLC in the lease renewal and expansion of 15,000 square-feet of industrial space to commercial printers Gosselin Graphics, Inc. Gosselin was represented by Sal Bonsignore of Colliers International, South Florida. Located at 6500 N.W. 15th Ave., the Gateway Industrial Center is a 28,150-square-foot flex property that features 19-foot ceiling heights, dock and grade-level loading, three-phase power, building signage and ample parking.

Graves, along with Broker Associate Greg Milopoulos, also represented Prologis in leasing 6,600 square-feet of industrial space, located at 7050 State Road 84 in Davie, to radiation protection solutions company Barrier Technologies, LLC. Barrier was represented by Michael Safrin of The Keyes Company.

About Berger Commercial Realty

Berger Commercial Realty 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 TCN Worldwide, a network of independent commercial real estate firms providing global integrated real estate solutions. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit bergercommercial.com.

Happy Holidays!

December 22nd, 2014

Berger-Commercial-2014-Holi

Berger Commercial Realty Brokers Close 15,000-Square-Foot Lease for Sun Sentinel

December 18th, 2014

sun sentinel

FORT LAUDERDALE, Fla. (December 18, 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 Joseph Byrnes and Keith Graves.

The brokerage team represented landlord Third Tiara, Inc. in leasing 14,988 square-feet of flex space to new tenant Sun Sentinel Company, LLC, a newspaper publishing company and subsidiary of The Tribune Company.

Located at 3573-3575 N.W. 53rd St. in Fort Lauderdale, the building features office and warehouse space, loading docks, three-phase heavy power and 22-foot clear height ceilings.

The property is strategically located in the tri-county area with easy access to highways and major roadways, including I-95, I-595, the Florida Turnpike, State Road 7 and Federal Highway.

About Berger Commercial Realty

Berger Commercial Realty 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 TCN Worldwide, a network of independent commercial real estate firms providing global integrated real estate solutions. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit bergercommercial.com.

Holman Automotive Purchases Fort Lauderdale Site for New MINI Cooper Showroom in $3.65 Million Deal Brokered by Steve Hyatt of Berger Commercial

December 2nd, 2014

Holman MINI rendering

Prominent Federal Highway building to be renovated into ultra-modern MINI showroom designed by noted local architects Falkanger, Snyder, Martineau and Yates

FORT LAUDERDALE, Fla. (December 2, 2014) – Berger Commercial Realty Senior Vice President Steve Hyatt represented Holman Automotive, Inc. in the $3.65 million purchase of a Fort Lauderdale site located at 2150 S. Federal Highway. Element Three Inc. sold the 1.06-acre property, which formerly housed Air & Sea Rent-A-Car.

Holman Automotive is planning to relocate the sales department of MINI of Fort Lauderdale, a MINI Cooper car dealership currently located at 1440 S. Federal Highway, to the new site within a year.

The property features a parking garage with 185 spots and a 38,000-square-foot building, which Holman Automotive plans to renovate. The facility’s architects are Falkanger, Snyder, Martineau and Yates, who are designing a new, ultra-modern showroom for the MINI sales department.

The MINI dealership’s new service center will be located six blocks away at 2627 S. Andrews Ave., where Holman Automotive is currently building a new $15 million service center, designed by the same architects, for both its BMW and MINI franchises. Holman Automotive purchased the South Andrews Avenue property in March 2013 for $5.6 million from Causeway Lumber Company in a deal that was also closed by Hyatt, who specializes in automotive real estate.

Prior to joining Berger Commercial Realty in 2008, Hyatt served for 12 years as Vice President of Corporate Development at AutoNation, where he was responsible for the acquisition and disposition of more than 175 automobile dealerships in 17 states. Using his automotive background and expertise, Hyatt has worked with numerous automotive retailers and manufacturers across the country to meet their real estate needs. In addition to Holman Automotive, he also has represented Audi Fort Lauderdale, Audi Coral Springs and the Phil Smith Automotive Group.

About Berger Commercial Realty

Berger Commercial Realty 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 TCN Worldwide, a network of independent commercial real estate firms providing global integrated real estate solutions. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit bergercommercial.com

About Holman Automotive Group

Founded in 1924 and now celebrating its 90th anniversary, The Holman Automotive Group is one of the largest privately owned dealership groups in the United States, with dealership operations in New Jersey and Florida. In addition to BMW and MINI, the South Florida Holman Automotive franchises include Aston Martin, Audi, Bentley, Ford/Lincoln, Honda, Infiniti, Rolls Royce and Volvo.