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Berger Commercial Realty’s Judy Dolan Inks 20,000 SF in Hollywood Lease Deals

March 14th, 2017

Berger Commercial Realty/CORFAC International Senior Vice President Judy Dolan recently secured 20,486 square-feet in lease transactions on behalf of landlords in Hollywood.

Sun Art Design Building

Dolan represented Sadi Properties, Inc. in leasing 11,000 square feet of industrial space to Prime Wood Decking & Floors, LLC at the Sun Art Design Building, located at 2800-2808 N. 29th Ave. in Hollywood. The 32,000-square-foot building is located just north of Sheridan Street and west of I-95 and offers 24 feet of clear ceiling height, ample parking, and close proximity to Fort Lauderdale / Hollywood International Airport and Port Everglades.

 

Hollywood Boulevard

Along Hollywood Blvd. in the heart of downtown Hollywood, Dolan also represented:

  • Jeffrey Baxt Trust & Danielle Baxt Trust in renewing a lease for 5,532 square-feet of retail space to Spice Resto-Lounge, Inc. at 1934 Hollywood Blvd.
  • 1936-1938 Hollywood, LLC in renewing a lease for 2,750 square feet of retail space to DES Investments Group, Inc. at 1936 Hollywood Blvd.
  • and Zahava Halpern Residuary Trust in renewing a lease for 1,204 square-feet of retail space to PRLEuro Café, Inc. at 1904 Hollywood Blvd.

The properties are located just west of Young Circle on the south side of Hollywood Boulevard within walking distance of a variety of local shops and restaurants.

Judy Face Shot

Berger Commercial Realty Secures 26,000 SF In Palm Beach County Lease Transactions

March 9th, 2017

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Berger Commercial Realty/CORFAC International  brokers recently closed 11 leases totaling 26,116 square-feet at five properties in Palm Beach County.

 

Delray Office Plaza

Senior Vice President Joseph Byrnes and Broker Associate Robert Dabrowski represented Atlantic Avenue Properties & Investments, LLC in the lease renewal and expansion of 5,034 square-feet of office space to B.I. Incorporated at Delray Office Plaza. Dabrowski also facilitated the lease renewal for 1,086 square-feet of office space to Forest Hill Injury Center, Inc. at the property.

Located at 4731 W. Atlantic Ave. in Delray Beach, Delray Office Plaza is a single-story, three-building office park featuring landscaped courtyards, round-the-clock access, private entrances and bathrooms in each suite, floor-to-ceiling glass, onsite management and convenient access to I-95 and Florida’s Turnpike.

 

Berger Commercial-Byrnes Dabrowski

 

Woolbright Professional Building

Senior Vice President Joseph Byrnes and Broker Associate Robert Dabrowski represented Woolbright Properties & Investments, LLC in leasing 4,278 square-feet of office space to Bella Albertson, LLC and 1,671 square-feet of office space toTobias & Associates, Inc. at the Woolbright Professional Building, located at 2240 Woolbright Road in Boynton Beach. Additionally, Dabrowski facilitated the lease expansion for 398 square-feet of office space to First Class Nursing Registry.

The 79,204-square-foot, class-A, four-story office building is within minutes of I-95 on the south side of W. Woolbright Road just east of Congress Avenue. The building offers abundant parking, round-the-clock access, onsite management and signage opportunities.

 

Woolbright Corporate Center I

Senior Vice President Joseph Byrnes and Broker Associate Robert Dabrowski represented Congress Properties & Investments, LLC in the lease renewal of 3,620 square feet of office space to Tetra Tech, Inc. at Woolbright Corporate Center. Additionally, Dabrowski leased 1,387 square-feet of office space to Payday Loan Resolution, LLC at the property.

Woolbright Corporate Center I is a 57,566-square-foot office building located at 1901 S. Congress Ave. in Boynton Beach. The property offers ample parking, professional onsite management and maintenance, signage opportunities and convenient access to I-95.

 

Gulfstream Professional Building

Senior Vice President Joseph Byrnes and Broker Associate Robert Dabrowski represented Upper Gulfstream Properties & Investments, LLC in the lease expansion for 2,975 square-feet of office space to Real Solutions Home Health Care, Inc. and the new lease for 2,490 square feet of office space to Cutting Edge Outlook, LLC at the Gulfstream Professional Building, located at 500 Gulfstream Blvd. in Delray Beach.

The 24,904-square-foot, two-story office building is situated on a 1.43-acre lot within minutes of Bethesda Hospital and Delray Beach’s historic downtown district. The Gulfstream Professional Building offers ample parking, round-the-clock access and onsite management. The building recently underwent renovations including the installation of a new roof and landscaping improvements.

 

Woolbright Corporate Center II

Broker Associate Robert Dabrowski represented Congress Properties & Investments, LLC in leasing 1,610 square feet of office space to Payday Payroll at Woolbright Corporate Center II, located 1903 S. Congress Ave. in Boynton Beach. Along with Senior Vice President Joseph Byrnes, Dabrowski also leased 1,567 square feet of office space to Global Maritek Systems, Inc. in the building.

Adjacent to Woolbright Corporate Center I, the 58,026-square-foot Woolbright Corporate Center II consists of four stories and features ample parking, onsite maintenance and convenient access to I-95.

Steve Hyatt answers: To get started in search for commercial space, what do I need to provide to the commercial real estate broker?

March 2nd, 2017

First of all I like to have a sit down meeting with the owner, face to face, in their place of business. That way you get an idea of the type of operation they run, the kind of square footage they have, the quality of the operation, and the location. Then you go through a needs assessment with that owner, and that way you have a face to face meeting, you’re able to quantify and help guide that guide that customer along in terms of his search for property, and really how the best you can help him as a broker.

Berger Commercial Realty Facilitates Purchase Of Riviera Beach Industrial Property

February 28th, 2017

Sales Associate Robert Dabrowski of Berger Commercial Realty/CORFAC International represented Stone & Equipment, Inc. in the $480,000 purchase of a 4,397-square-foot industrial warehouse from Donnini Management Company, LLC.

Located at 1821 W. 10th Street in Riviera Beach, the warehouse is situated in a gated industrial condominium complex consisting of 12 units with ample parking. Featuring a front office, up to 17 feet of clear ceiling height, three oversized bays and exterior storage, the warehouse will be used by Stone & Equipment as a showroom and distribution center for natural stone and flooring.

Stone & Equipment is a leading manufacturer, importer, distributor and wholesaler of marble, limestone, travertine and onyx. In addition to its new location in Riviera Beach, the company has distribution facilities in Miami, West Palm Beach and Spain.

Steve Hyatt answers: What is a finish-out allowance?

February 21st, 2017

A finish out allowance is also known as a tenant improvement allowance. In most leases it’s borne by the landlord and there’s very important things to factor in, whether it’s first generation shell space or whether it’s previously occupied and second generation space. Your finish out allowance is going to include doors, walls, lighting fixtures, HVAC distribution, sprinklers, carpet, paint, all of the above. It either comes in the form of a work letter or comes in the form of a dollar amount. That dollar amount is a negotiated price between the landlord and tenant.

As a tenant you want to make sure you have the largest tenant improvement allowance that is all-encompassing, so you can get the space built out at your discretion and what you want. That needs to be agreed upon up front. If you go over your tenant improvement allowance, that either comes out of your pocket as a cash payment before you start the lease, or it gets incorporated into your lease rate. The ideal situation is to up front clarify how the landlord is delivering the space and the amount of the tenant improvement’s allowance, and get a very strong comfort level that that tenant improvement allowance will cover the cost of the build out.

Steve Hyatt answers: What is rentable square feet?

February 16th, 2017

The rentable square feet is the actual space that the tenant pays rent on and what it is it’s made up of the actual usable space, which is the envelope of space that the tenant occupies, plus their pro-rata share of the common areas, the bathrooms, the corridors, the common lobby down the stairs. The way the rentable square footage is calculated is you take the usable space and you multiply it by a percentage, which is known as either add-on factor or load factor and a lot of times, depending on the building, it could be anywhere from 15 to 30%. In most buildings, tenants like to have it more efficient, which would be a lower percentage. They don’t want large lobbies that they don’t have really any use for, but they’re paying for. The more efficient a building is, obviously, the lower the percentage and the more bang for the buck the tenant gets.

Steve Hyatt answers: I’ve heard of Triple Net or NNN Leased Properties for sale. What type of investment is that?

February 9th, 2017

It’s typically a single tenant triple net lease, which means there’s very limited responsibilities of the landlord. If anything, maybe the landlord is going to take care of the roof and the structure, and the tenant pays everything else. Essentially, it’s like handing over the keys to the property to the particular tenant. Typically, the leases are 10 to 20 years with options. The tenants that go in are usually banks, fast food restaurants, retail chains, sometimes land leases. It’s a very conservative type of investment, very hands off for the owner to have as an investment.

Berger Commercial Realty Secures 53,000 Square Feet In Broward Lease Transactions

February 9th, 2017

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Berger Commercial Realty/CORFAC International brokers recently secured 52,696 square-feet in lease transactions on behalf of landlords across Broward County.

 

Enterprise Commerce Center

Senior Vice President Keith Graves and Sales Associate John Forman represented Mancini & Sons Florida #2, LLC in renewing a lease for 11,236 square-feet of industrial space to Roto-Rooter Services Company at Enterprise Commerce Center, located at 1901 Green Road in Deerfield Beach. The 76,381-square-foot Enterprise Commerce Center is a class-B warehouse property featuring ample parking, 24 feet of clear ceiling height, dock-level shipping doors and glass front facades.

 

Palm Crossing South

Senior Vice President Keith Graves represented SPG Palm Crossing, LLC in leasing 6,365 square-feet of flex space to Davinci Inflight Training Institute, Inc. and 5,000 square-feet of flex space to Crestwood Services, Inc. at Palm Crossing South. Located at 3350 N.W. 53rd Street in Fort Lauderdale, Palm Crossing South is a 193,107-square-foot industrial park situated on 14.63 acres just north of Commercial Boulevard. The park features lush landscaping, flexible office and warehouse floorplans, grade-level overhead doors, ample parking and immediate access to I-95 and Florida’s Turnpike.

 


Ryan & Ryan Office Building

Senior Vice President Judy Dolan represented Ryan Ventures, Ltd. in leasing 4,366 square-feet of office space to US Legal Support, Inc. at the Ryan & Ryan Office Building, located at 700 E. Dania Beach Blvd. in Dania Beach. The 14,457-square-foot office building features ample parking, exterior signage opportunities, and close proximity to Fort Lauderdale/Hollywood International Airport and Port Everglades.

 

Cypress Creek Business Park

At Cypress Creek Business Park, Senior Vice President Joseph Byrnes and Senior Sales Associate Jonathan Thiel represented Rising Tide Development, LLC in renewing leases for 3,900 square-feet of flex space to Vector Security, Inc. and 1,865 square-feet of office space to Shingle & Gibb Company. Located at 6555 Powerline Road in Fort Lauderdale, the 54,600-square-foot Cypress Creek Business Park consists of two buildings and features ample parking, round-the-clock-access, frontage on Powerline Road and convenient access to I-95 and Florida’s Turnpike.

 

Powerline Business Center

At Powerline Business Center, located at 5601 Powerline Road in Fort Lauderdale, Senior Vice President Joseph Byrnes and Senior Sales Associate Jonathan Thiel represented Rising Tide Development, LLC in:

-the lease expansion of 2,680 square-feet of office space to Chrome Med Corp.

-and the lease renewal of 1,421 square-feet of office space to Saad Elia El Hage Consulting Engineers, Inc.

Powerline Business Center consists of four single-story office and warehouse buildings totaling 82,330 square-feet. Located minutes from I-95 and Florida’s Turnpike, Powerline Business Center features frontage on Powerline Road, grade-level overhead doors, round-the-clock access, and close proximity to local restaurants, shopping, banks and public transportation.

 

Executive Airport Business Center

Senior Vice Presidents Joseph Byrnes and Keith Graves represented KAS Airport, LLC in leasing 2,490 square-feet of office space to Alloy Behavior Health Solutions, Inc. at Executive Airport Business Center. Located at 1835 S. Perimeter Road in Fort Lauderdale, the 73,150-square-foot business park consists of three buildings and features frontage on Commercial Boulevard and convenient access to I-95 and Florida’s Turnpike. Executive Airport Business Center is adjacent to Fort Lauderdale Executive Airport.

 

Cypress Corners

Senior Vice President Keith Graves and Senior Sales Associate Jonathan Thiel represented Cypress Creek Executive Center, LLC in renewing a lease for 2,398 square-feet of space to IRA Scot Silverstein, PLCC at Cypress Corners, located at 2900 W. Cypress Creek Road in Fort Lauderdale. The 43,700-square-foot multi-tenant office property is located within minutes of Fort Lauderdale Executive Airport and offers ample parking, round-the-clock access, and convenient access to I-95 and Florida’s Turnpike.

 

Prospect Parks I & II

At Prospect Park I, located at 5231 to 5237 N.W. 33rd Ave. in Fort Lauderdale, Senior Vice Presidents Joseph Byrnes and Keith Graves and Senior Sales Associate Jonathan Thiel represented AKF3 SF Light Industrial, LLC in leasing 2,115 square-feet of flex space to Royal Prestige Veneusa Network, Inc. and 1,387 square-feet of flex space to Aerobiology Laboratory Associates, Inc. Prospect Park I is a 70,874-square-foot business park located between I-95 and Florida’s Turnpike at Commercial Boulevard. The property offers ample parking, round-the-clock access and flexible floorplans.

The brokers also represented AKF3 SF Light Industrial, LLC in the new lease of 2,759 square-feet of flex space to NextGen Parking and the lease expansion of 1,695 square-feet of flex space to Residential Warranty Services, Inc. at Prospect Park II, located at 3301 N.W. 55th Street in Fort Lauderdale. Prospect Park II is an 81,925-square-foot business park adjacent to Fort Lauderdale Executive Airport between I-95 and Florida’s Turnpike. Prospect Park II offers flexible floorplans, grade-level overhead doors, round-the-clock access and highly visible exterior signage opportunities.

 

Harbor Shops

Senior Vice President Judy Dolan represented The Harbor Shops, LLC in leasing 1,858 square-feet of office space to AIComp Consulting, Inc. in suite 204 at Harbor Shops, located at 1845 Cordova Road in Fort Lauderdale. The 250,000-square-foot, class-A regional shopping center is located along the 17th Street corridor. Its tenants include national chains such as Publix, Total Wine, TJ Maxx, LA Fitness, Chase Bank, Massage Envy, Ross and more.

 

888 Building

Sales Associate Stephanie Bernota represented The Las Olas Company in leasing 1,161 square-feet of office space to ARRI, Inc. at the 888 Building, located at 888 E. Las Olas Blvd. in Fort Lauderdale. The 888 Building is a 54,873-square-foot, seven-story boutique office building located at the intersection of Las Olas Boulevard and 9th Avenue in the heart of downtown Fort Lauderdale. The class-A office building is within walking distance of all Las Olas Boulevard dining, shopping and amenities.

Judy Dolan answers: What’s the difference between a leasing agent and a tenant representative?

February 2nd, 2017

 

The difference between a leasing agent and a tenant representative are substantial. A leasing agent primarily has the landlord’s best interest in mind when completing a transaction. The leasing agent should be using their market knowledge in order to achieve the best deal for the landlord. A tenant rep has the tenant’s best interests in mind and uses their market knowledge and their knowledge of recent deals in order to get the best deal done for the tenant.

Berger Commercial Realty Joins CORFAC International

February 1st, 2017

 

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Berger Commercial Realty/CORFAC International, a regional, full service commercial real estate firm based in South Florida, recently announced its membership in CORFAC International, a global network of independently-owned entrepreneurial commercial real estate brokerage firms that partner to deliver quality and experienced service locally, nationally and internationally.

 

“Our extensive knowledge and experience in the South Florida market has allowed us to serve our clients well,” said Berger Commercial Realty/CORFAC International President Lloyd Berger. “With CORFAC, we have the opportunity to broaden our horizons and further expand our client base.”
Established in 1989, CORFAC currently has affiliates in 48 U.S. markets, four Canadian markets and 26 international markets including Colombia, France, Germany, Ireland, Israel, Italy, Mexico, Poland, Romania, Russia, South Africa, South Korea, Switzerland and the United Kingdom.

 

“Membership in CORFAC International is by invitation only, so when we look for an affiliate for a particular market, we select firms that are recognized in the area for their expertise and best practices,” said CORFAC International Executive Director Jonathan Salk. “Berger Commercial Realty was an ideal candidate due to its client-centric approach and customized real estate solutions, which have resulted in lasting client-broker relationships and repeat business. This methodology sets a precedent from which other CORFAC members can learn.”