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BCRC Broker Judy Dolan Arranges $1.3 million Sale of Sebring Retail Center

February 3rd, 2014

FORT LAUDERDALE, Fla. (February 3, 2014) - Berger Commercial Realty broker Judy Dolan arranged the sale of a REO fractured retail condo in Sebring for $1,375,000 on behalf of SA Challenger.

The buyers, Bernard Hutman, Herbert Wayne Hutman, and Michael Hutman, plan to rehab the retail center and keep it as an investment. The 50,850-square-foot site is located at 3750 US Highway 27 North, Sebring, FL 33870.

Dolan also handled the $20,000 sale of REO-land in the Gould’s section of Miami for an undisclosed seller. KGS Stores, Inc. bought the 7,320-square-foot site, which is vacant and zoned for commercial use, and plans to build a drive-through convenience store on the property.

Experienced in handling REO sales throughout the state, Dolan has represented banks in selling land, office and retail properties in cities such as Miami, Fort Lauderdale, Orlando, Bradenton, Clearwater Beach, Dunedin and St. Petersburg. Prior to becoming a licensed real estate broker and vice president of Berger Commercial Realty, she handled real estate transactions as a licensed Florida attorney.

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 customizes services and adapts 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.

Steve Hyatt of Berger Commercial Realty Brokers Sale of Downtown Fort Lauderdale Office Building for More Than $2 Million

January 30th, 2014

FORT LAUDERDALE, Fla. (January 30, 2014) - Berger Commercial Realty Senior Vice President Steve Hyatt announced today the sale of a 24,000-square-foot office building in Fort Lauderdale from the AIDS Healthcare Foundation, Inc. to Sapphire Investment Fund, LLC. Located at 955 S. Federal Highway, the four-story building and adjoining parking lot sold in two separate transactions for a total of $2,025,000. 

“I had tremendous interest in this property and showed it close to 60 times,” said Hyatt, who represented the Foundation in the transaction. “The buyer is an Australian developer who plans to spend more than $2 million to extensively renovate the building for speculative office space.”  There were three other buyer groups in line as back- ups”

The high-visibility building along Federal Highway , which formerly housed the Broward County Building and Zoning department, was completely gutted on the inside prior to the sale.

“This sale marks our seventh in downtown Fort Lauderdale since October 2012, bringing our recent sales volume in the area to $26 million,” Hyatt added. “This sub-market of Broward County has seen a big surge in sales of well-located office buildings under 50,000 square feet. There is not much available product left in this size range for the owner/user or the speculative investor.”

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 customizes services and adapts 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.

BCRC Broker Steve Hyatt Brokers Deal for Audi Fort Lauderdale Dealership to be Built on Former Fuddruckers Site

January 21st, 2014

 

FORT LAUDERDALE, Fla. (January 21, 2014) – Two parcels of land in Fort Lauderdale, purchased for $7.85 million by Q Fort Lauderdale, LLC in September, have been approved by the city for the development of a new Audi dealership and service center.

The land consists of approximately 5.65 acres located at 1200 N. Federal Highway, sold by James Fazio, and at 1400 Progresso Drive, sold by 13th Street Progresso and King Broward Holdings. Berger Commercial Realty Senior Vice President Steve Hyatt and Bill Rotella of The Rotella Group represented Q Fort Lauderdale, LLC in both transactions.

Q Fort Lauderdale is planning an upscale Audi dealership featuring a 159,000-square-foot, four-story building with a two-story glass showroom that will front Federal Highway. The land on Progresso Drive will serve as an additional off-site service and delivery center. The dealership will employ approximately 90 employees when it opens in December 2014. A March 2014 groundbreaking is planned.

Q Fort Lauderdale is part of the Qvale Automotive Group, the owners of Audi Coral Springs and Audi Lighthouse Point, as well as 12 other dealerships in the Northern California and Texas markets.  With annual sales of more than $500 million, the Qvale Automotive Group is ranked as one of the top 50 dealership groups in the United States, according to Ward’s Dealer Business.

Hyatt, a former AutoNation executive, spearheaded Audi’s three-year search for a new location in Fort Lauderdale. He was assisted by Rotella, who is also an active retail broker in the area.

Commenting on the sale, Bruce Qvale, dealer principal of the Qvale Automotive Group said, “We are very pleased and excited to be entering the Fort Lauderdale marketplace with the Audi franchise. It is one of fastest growing premium luxury franchises in the world and Fort Lauderdale is one of top markets in the whole country for luxury vehicle sales. Combined with our Audi Coral Springs dealership, we will be able to conveniently serve customers from all points in Broward County.“

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.

 

BCRC Broker Associate Greg Milopoulos Closes Four New Tenant-Rep Leases Totaling More Than 14,000 Square Feet of Space

January 13th, 2014

FORT LAUDERDALE, Fla. (January 3, 2014)- Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced broker associate Greg Milopoulos recently represented four tenants in signing new leases totaling more than 14,000 square feet of space in Broward and Palm Beach counties.

 

Milopoulos represented:

American Speed Factory Inc., in a lease of 8,000 square feet of warehouse space, located at 990 N.W. 11th Ave. in Fort Lauderdale, from JAFED Properties Co., represented by Randy Rauch of Rauch Heim Commercial Real Estate;

Plan B Engineering in a lease of 3,204 square feet of flex-warehouse space at the Pompano Center of Commerce, 1800 N.W. 15th Ave. in Pompano Beach, from Prologis Pompano, represented by Tom Viscount of Butters Realty and Management;

JCAL Holdings LLC in a lease of 2,025 square feet of warehouse space, located at 1700 Depot Ave. in Delray Beach, from Depot Warehouse LLC;

and Armour Settlement Services LLC in the sublease of 1,000 square feet of office space, located at 608 S.W. 4th Ave. in Fort Lauderdale, from Blue Interactive Agency LLC.

 

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 customizes services and adapts 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.

BCRC Brokers Close Lease for 14,000 SF of Flex Space at Eastport Center in Fort Lauderdale

December 23rd, 2013

FORT LAUDERDALE, Fla. (December 23, 2013) - Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced brokers Judy Dolan and St. George Guardabassi represented landlord Eastport Center Joint Venture in leasing more than 14,000 square feet of flex space, located at 1881 W. State Rd. 84 in Fort Lauderdale, to Patterson Dental Supply, Inc., represented by Alex Brown of CRESA South Florida.

The 108,500-square-foot Eastport Center was built in 2000 and features industrial and flex space fronting State Road 84, near the Fort Lauderdale International Airport and Port Everglades with easy access to highways and centrally located in the tri-county area.

For more information on available space and custom build-outs at the Eastport Center, contact Berger Commercial Realty at 954-358-0900.

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 customizes services and adapts 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.

Berger Commercial Realty Brokers Negotiate Two Leases at the Vista Center in West Palm Beach

December 19th, 2013

FORT LAUDERDALE, Fla. (December 19, 2013) – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced brokers Joseph Byrnes and Greg Milopoulos represented landlord Black Oak Partners, LLC in three office leases at the Vista Center, 2005 Vista Parkway in West Palm Beach.

Palm Beach Real Estate Office, doing business as Keller Williams Realty, signed a new 10-year lease for 7,868 square feet of office space in suite 100; Pinder Troutman Consulting Inc. renewed its lease for 1,189 square feet of office space in suite 111; and GLV Insurance Agency, Inc., doing business as Insurance Express and represented by Charles Carroccio of CBRE, expanded its existing office to 12,611 square feet by adding 2,561 square feet of space in suite 211.

 

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 customizes services and adapts 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.

Berger Commercial Realty Manages New Office Build for Schneider Electric USA

December 3rd, 2013

FORT LAUDERDALE, Fla. (December 3, 2013)- Full service commercial real estate firm Berger Commercial Realty recently completed a construction management project for Schneider Electric USA’s new office, located at 3330 NW 53rd Street in Fort Lauderdale.

The firm represented landlord SPG Palm Crossings LLC in leasing the 10,665-square-foot space to Schneider Electric USA for a 5-year term, then oversaw the overall space planning and engineering for the complete office build-out. The $450,000 project was permitted and completed in 10 weeks, from overall design and permitting to final closeout.

Berger Commercial Realty’s construction and project management services include long-term planning, competitive bidding, and selection, coordination and management of design, engineering and construction professionals.

“Our staff manages the entire process, operating as a single source of coordination and accountability. Our integrated expertise allows our clients to reach their specific financial and operational objectives, whether it’s a tenant improvement project or extensive redevelopment,” said Berger Commercial Realty President Lloyd Berger. “Each property is different, but our goal is the same: to provide our clients with every opportunity for success throughout the management and construction process.”

 

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 customizes services and adapts 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.

Nothing Shows Commitment to Clients More than Broker Cooperation

November 25th, 2013

Most real estate companies claim to have their clients’ best interest at heart, but sometimes their actions speak otherwise. When a firm shares information on listings only with in-house brokers to keep commissions under the same roof, it ultimately hurts the clients they have been hired to help. Exposing a property to all markets is the best way to represent a client’s interest.

That means, in addition to direct target marketing, we work with other local and national real estate brokerage firms to present properties to qualified buyers with the goal of achieving an expedient sale at the right price. Not every firm shares this philosophy.

We have eight brokers at Berger Commercial Realty, but we’ve created a culture that includes reaching out and cooperating with other realty companies on behalf of our clients. We’ve always referred to ourselves as “client-centric,” and that’s what it means.

From the initial listing to the close of a sale, our brokers work diligently with other parties on behalf of our clients. We understand that partnerships and strong working relationships are the keys to success, and we never lose sight of our clients as our number one priority. It is our client-centric approach in all aspects of representation that differentiates us from others who consider us competitors, and we believe this is one of the reasons we are consistently ranked as one of the top commercial real estate brokerages in South Florida by leading publications such as the Daily Business Review and the South Florida Business Journal. 

We’re truly proud of the many long-lasting client/broker relationships we’ve built over the past 15 years.  Please call me any time if you are looking to sell or lease office, multifamily, industrial or retail property. We’ll cast a wide web on your behalf and give you the best service in the market.

 

Lloyd Berger

LBerger@bergercommercial.com

(954) 358-0900

Berger Commercial Realty Hires Team of New Employees to Manage Industrial Portfolio Owned by Seagis Property Group

October 18th, 2013

Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced it has hired 12 new employees to manage a portfolio of 4.7 million square feet of industrial space owned by Pennsylvania-based Seagis Property Group.

The new staff members, who were previously employed by Flagler Real Estate and are retaining their former titles, include:

  • Kristen Cigalotti, Accounts Receivable Specialist;
  • Paola Duran, Assistant Property Manager;
  • Alisha Eutsey, Senior Property Manager;
  • Claudia Fajardo, Property Manager;
  • Dolores Guerrero, Property Manager;
  • Mitzi Jordling, Accounts Payable Specialist;
  • Tony Perez, Tenant Improvement and Capital Project Manager;
  • Veronica Perez, Senior Accountant;
  • Ana Pereira, Property Manager;
  • Cindy Rios, Property Manager;
  • Maria Roman, Lease Administrator;
  • Juan Sotolongo, Assistant Property Manager.

They will be based out of the firm’s Miramar office and will oversee 38 flex and industrial properties in Broward and Miami-Dade counties.

“We are proud to welcome this team of experienced real estate professionals to the firm,” said Berger Commercial Realty President Lloyd Berger. “Each employee offers  our clients valuable knowledge and expertise, and enhances our reputation as one of South Florida’s premier commercial real estate firms.”

Ranked among the largest commercial  real estate firms in South Florida, Berger Commercial Realty provides comprehensive, cost-effective property management and brokerage services to both institutional and non-institutional owners. For more information, visit bergercommercial.com.

Berger Commercial Realty Launches Fundraising Campaign to Benefit Local Breast Cancer Prevention Program

October 16th, 2013

Firm will make a donation to Holy Cross Hospital’s Partners in Breast Health program for photos posted to Berger Commercial Realty’s Facebook page

In honor of Breast Cancer Awareness Month, Berger Commercial Realty, a Fort Lauderdale-based commercial real estate firm, is launching a fundraising campaign for Holy Cross Hospital’s Partners in Breast Health program.

The firm will donate $5 to the program for every person who posts a picture of themselves wearing pink to Facebook.com/BergerCommercialRealtyCorp between now and October 31st.

Additionally, the firm has placed pink ribbons on its for-sale and for-lease signs throughout the tri-county area, and will donate $5 to Partners in Breast Health for every person who takes a photo in front of a sign and posts it to the firm’s Facebook page. The firm will donate up to $5,000 total.

Properties featuring the pink-ribbon real estate signs include the Courthouse Law Plaza at 700 S.E. 3rd Ave. in Fort Lauderdale, Harbor Place at 1600 S.E. 17th St. in Fort Lauderdale, Plantation Technology Park at 1700 N.W. 66th Ave. in Plantation, and the Vista Center at 2005 Vista Parkway in West Palm Beach, among more than 50 other locations.

“Breast cancer is a disease that touches so many right here in our local community,” said Berger Commercial Realty President Lloyd Berger. “We are donating to Holy Cross Hospital’s Partners in Breast Health program to help reduce cancer deaths among Broward County’s most vulnerable and in-need populations.”

Established in 2011, Holy Cross Hospital’s Partners in Breast Health program aims to improve early cancer diagnosis and access to treatment among underserved communities in Broward County. Since 2011, the program has provided more than 1,500 free diagnostic procedures for women who are at the federal poverty level, and 15 women have been diagnosed and treated for breast cancer.

“Many of the clients we serve have never had a screening mammogram and may not practice preventative healthcare. Often, breast cancer diagnosis is made late and treatment options are limited especially in uninsured and minority populations,” said Holy Cross Hospital Community Outreach Director Kim Saiswick, RN. “The Partners in Breast Health program works to remove many of the barriers individuals may have to accessing health care by providing healthcare in the community at convenient times and locations.”

For more information about the Partners in Breast Health program, visit holy-cross.com/partners-breast-health.