Berger Commercial Realty Named Finalists In Three Categories For NAIOP’s 2022 Awards Of Excellence3/1/2022 Berger Commercial Realty/Corfac International has been named finalists in three separate categories for NAIOP’s 2022 Awards of Excellence, including Industrial Lease of the Year, Sale of the Year, and Rookie of the Year.
The NAIOP South Florida Awards of Excellence acknowledge commercial real estate professionals whose achievements have contributed to the region’s economic growth and business environment in a given year. Winners of the Awards of Excellence will be announced on Thursday, March 10 at the association’s 45th year of celebration at the Seminole Hard Rock Hotel & Casino. Industrial Lease of the Year Berger Commercial Realty’s Keith Graves, Joseph Byrnes, and John Forman represented Bridge Industrial in a 63-month, 290,000-square-foot lease with The Tire Rack at Bridge Point 595, located at 2700-2750 Bridge Way in Davie, Florida. “There were several major hurdles in getting this deal to the finish line including COVID interruption, a major industry merger, and changing tenant requirements,” explained Graves. “Bridge Industrial and the Berger Team were engaged with the tenant for almost two years, before finally inking the impressive full building lease.” Dave Veldman of Veldman & Morgan represented The Tire Rack, Inc. in the lease deal. Sale of the Year Berger Commercial Realty/Corfac International Vice President Jonathan Thiel, Senior Vice President Keith Graves, CCIM, and Sales Associate Daniel Forman, along with John Forman, represented Bridge Industrial in the purchase of 175 acres situated at the SW corner of NW 107th Avenue and NW 41st Street in Doral, Florida. The deal closed December 15, 2021. “We had to overcome extraordinary challenges to close this historical land sale that is arguably the most significant industrial sale transaction completed in 2021,” explained Berger Commercial Realty President Lloyd C. Berger. The deal has been the talk of the brokerage community for three main reasons. First, it is getting more challenging than ever to find any developable sites in the land constrained market of South Florida where industrial real estate remains in high demand thanks to today’s e-commerce-based economy. The property is the largest undeveloped tract of land in Doral, one of the fastest-growing cities in South Florida. While Doral has boomed with development over the past 15 years, this site has remained untouched. Second, the site had been off the market, not listed for sale. Developers and brokers have been chasing this site for decades without any success. And finally, if one were savvy enough to get in front of the property owners, they would say they are not interested in selling. Thiel, Graves and Forman, however, worked hard to clear all the hurdles and roadblocks that come with the transaction, clearing the way for Bridge to deliver a world-class logistics facility, Bridge Point Doral Distribution Center. Be on the lookout in mid-2024 for Phase I of the 2.6-million-square-foot project. Rookie of the Year Jordan Beck joined Berger Commercial Realty in 2019 as a sales associate. Prior to working in commercial real estate, Jordan worked in sales for a solar panel company for over 10 years. Jordan’s ability to source off-market deals and see them through to the finish line has made him stand out as a newcomer to the industry. In 2021, Beck sourced 24 deals totaling $39,000,000, proving he has what it takes to thrive in this competitive industry. His most recent transaction includes the sale of an off-market, 43,000-square-foot cold storage/food processing facility located at 1280 SW 29th Ave. in Pompano Beach, Florida, which sold for $15,750,000 to ACME Smoked Fish Group. The specialized property required a unique end-user for the deal to make sense. Together with Senior Vice President Joseph Byrnes, they had marketed the property silently off-market since the beginning of 2020. “I have never seen someone new to the industry that has Jordan’s work ethic and instincts, commented Lloyd Berger. “ I often forget that he is a rookie and not a veteran in the industry. There is no doubt in my mind that Jordan will continue to have a successful career in commercial real estate.” -end- 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 about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com. About CORFAC International: CORFAC International is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide.
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Berger Commercial Realty/Corfac International Vice President Jonathan Thiel, Senior Vice President Keith R. Graves, CCIM and Sales Associate Daniel Forman represented the tenant, AccuSolar, LLC., in a 66,293-square-foot industrial lease deal at Cypress Pointe, located at 1800 SW 13th Court in Pompano Beach, Florida.
AccuSolar, LLC will occupy the new space for a 5-year term. The deal closed December 21. According to its website, AccuSolar is a floating solar manufacturer. With years of floating dock experience and using its unique manufacturing process, AccuSolar has incorporated the concept of adding PV panels to its floating docks. The company’s new proprietary patented AccuSolar product line is comprised of individual floating dock sections, each fitted with vendor furnished PV panels. These units are fitted with an aluminum cross deck arranged to support a variety of large solar panels. AccuSolar | Reload Floating Energy will be one of two tenants occupying the property. Located at 1800 SW 13th Court in Pompano Beach, Florida with immediate access to I-95 and Florida’s Turnpike, Cypress Pointe Distribution Center is a 153,482-square-foot new construction project owned and managed by BRE Pompano Industrial Owner, LLC, a division of Link Industrial. The landlord was represented by Chris Metzger, SIOR with Cushman & Wakefield. -end- 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 about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or 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’s Keith Graves, CCIM, Joseph Byrnes Ink Huge Lease Deal At Bridge Point 59512/28/2021 Berger Commercial Realty/Corfac International Senior Vice Presidents Keith R. Graves, CCIM and Joseph P. Byrnes, along with John Forman, negotiated a new 63-month lease deal for 176,947 square feet at Bridge Point 595, a Class A industrial distribution facility located at 2700 Bridge Way in Davie, Florida.
The tenant, South Bend, IN-based The Tire Rack, Inc., is a customer-direct tire, wheels, car accessories distributor. The company has over 2.7 million square feet of distribution center space across the country packed with inventory from 26 major tire and 60 wheel brands ready to deliver by the next day in most cases, according to the company’s website. Graves and Byrnes represented the landlord, Bridge 595, LLC, in the deal. Dave Veldman with Veldman & Morgan represented the tenant. The lease deal comes on the heels of 96,728-square-foot lease deal, which the Berger Commercial Team negotiated earlier this month. Bridge Point 595 is already home to Shipmonk, a multichannel order fulfillment services and inventory management software that enables companies to focus on achieving scalable growth, which occupies113,360 square feet, Vessel FL Operations, LLC. (Reef Technology), the largest operator of mobility, logistics hubs, and neighborhood kitchens in the United States, Canada, and has a growing presence in Europe, which signed on for ±47,316 square foot lease, and K&K Transfer, a full-service moving, delivery, storage and warehousing company, which signed a long-term lease agreement earlier this year to occupy 34,467 square feet. Bridge Point 595 features three Class-A industrial buildings totaling 676,885 square feet, which is now 70% occupied. The three buildings within the park feature 32’ clear ceiling heights, dock-high loading, ESFR sprinkler systems, a 1.04/1,000 parking ratio, 54’ column spacing and 60’ speed bays. The rear-load facilities are located minutes from 595, I-95 and Florida’s Turnpike, offering easy access to South Florida’s major transportation arteries. The park also offers easy connections to South Florida’s busiest air and seaports, including Fort Lauderdale – Hollywood International Airport and Port Everglades, Port Miami, and Miami International Airport. Bridge Industrial is one of South Florida’s most active industrial real estate developers. The company has acquired approximately 500 acres in 16 separate transactions throughout Miami Dade and Broward Counties and delivered 7 million square feet of Class-A industrial space across the region since entering the market in 2012. The company’s current South Florida portfolio spans more than 5 million square feet of company-owned and third-party managed properties. -end- 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 about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or 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/Corfac International Senior Vice Presidents Joseph P. Byrnes and Keith R. Graves, CCIM , along with John Forman, negotiated a new lease deal for 96,728 square feet with an undisclosed tenant at Bridge Point 595, a Class A industrial distribution facility located at 2650 Bridge Way in Davie.
The Bridge Point 595 location marks a new Florida location for the company. Byrnes, Graves and Forman represented the landlord, Bridge 595, LLC, in the deal. Benjamin Bruner with Bruner Group represented the tenant. “The tenant was attracted to this facility because of the facility’s size, utility of Building 3, as well as the exposure and the superior highway access,” explained Byrnes. “Bridge Industrial develops their projects with best-in-class amenities and features, which is very appealing to the quality tenants that occupy their facilities. Bridge Point 595 is the first and last mile to everywhere.” Bridge Point 595 is already home to Shipmonk, a multichannel order fulfillment services and inventory management software that enables companies to focus on achieving scalable growth, which occupies113,360 square feet, Vessel FL Operations, LLC. (Reef Technology), the largest operator of mobility, logistics hubs, and neighborhood kitchens in the United States, Canada, and has a growing presence in Europe, which signed on for ±47,316 square foot lease, and K&K Transfer, a full-service moving, delivery, storage and warehousing company, which signed a long-term lease agreement earlier this year to occupy 34,467 square feet. Bridge Point 595 features three Class-A industrial buildings. 2650 Bridge Way (Building 3) is a free-standing building within the distribution park. lding 3 will total 96,724 square feet. The three buildings within the park feature 32’ clear ceiling heights, dock-high loading, ESFR sprinkler systems, a 1.04/1,000 parking ratio, 54’ column spacing and 60’ speed bays. The rear-load facilities are located minutes from 595, I-95 and Florida’s Turnpike, offering easy access to South Florida’s major transportation arteries. The park also offers easy connections to South Florida’s busiest air and seaports, including Fort Lauderdale – Hollywood International Airport and Port Everglades, Port Miami and Miami International Airport. Bridge Industrial is one of South Florida’s most active industrial real estate developers. The company has acquired approximately 500 acres in 16 separate transactions throughout Miami Dade and Broward Counties and delivered ±7 million square feet of Class-A industrial space across the region since entering the market in 2012. The company’s current South Florida portfolio spans more than 5 million square feet of company-owned and third-party managed properties. Berger Commercial Realty Brings 70,500-SF Tenant To Orlando’s International Corporate Park11/2/2021 Berger Commercial Realty/Corfac International (BCRC) Senior Vice President Keith R. Graves, CCIM, Vice President Jonathan Thiel and Sales Associate Daniel Forman represented Avian Inventory Management LLC, the tenant, in a 70,536-square-foot lease deal at International Corporate Park (ICP) located at 8649 Transport Drive in Orlando, Florida.
The lease marks the Wilmington, Delaware-based aviation parts and distribution company’s first location in Florida. Lee Morris with Colliers represented the landlord, GPT Transport Owner II, LLC, in the lease deal. Located east of the Orlando International Airport, ICP is a new multi-building, Class A Distribution Park features 32’ clear height and multiple dock high doors. “The tenant was attracted to the brand-new facility, the central location offered by the metro Orlando market, as well as excellent highway access via State Road 528, State Road 417, Florida’s Turnpike and I-4,” commented Graves. “The facility offers a perfect scenario for Avian to prosper in its new Florida location.” -end- 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 about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com. About CORFAC International: CORFAC International is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide. Berger Commercial Realty/Corfac International Vice President Jonathan Thiel, Sales Associates Daniel Forman and Senior Vice President Keith R. Graves, CCIM, represented the landlord, Seagis Property Group LP, in executing five industrial leases at Seagis @ Port 95, a140,634-square-foot warehouse park located at 3400-3406 SW 26th Terrace within Port 95 in Dania Beach, Florida.
The deals include a lease renewal with Spot Color Eyewear for 4,258 square feet, as well as the following new leases: • PromptCare for 8,512 square feet • Drew Marine for 4,256 square feet • Fairborn Equipment for 4,256 square feet • A Head For Profits for 4,256 square feet Located just south of State Road 84 and just west of I-95, Seagis @ Port 95 is a prime building park offering small bay warehousing consisting of 3 multi-tenant warehouse buildings featuring 4,000-8,000-square-foot units with dock loading wells and ramped loading doors, as well as convenient access to State Road 84, I-95, I-595, Florida’s Turnpike, Fort Lauderdale International Airport and Port Everglades. The units have a store front entrance with rear loading. Seagis Property Group LP paid $24.5 million for the asset in July. Seagis Property Group is rapidly expanding their footprint in South Florida and the company’s recent purchase showcases their vigor to grow their portfolio. Seagis Property Group LP owns and operates over 11.8 million square feet of industrial buildings in New Jersey, New York City, and Miami-Dade/Broward. Lloyd Berger, President of Berger Commercial Realty/Corfac International, has been involved with the project since 1988, representing the family that has owned the park since its development. Seagis Property Group is rapidly expanding their footprint in South Florida and the company’s purchase of Seagis @ Port 95 earlier this year in July showcases their vigor to grow their portfolio. Seagis Property Group LP paid $24,500,000 for the asset. Seagis Property Group LP owns and operates over 11.8 million square feet of industrial buildings in New Jersey, New York City, and Miami-Dade/Broward. -end- 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 about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com. About CORFAC International: CORFAC International is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide. Berger Commercial Realty was awarded the leasing assignment for Courtyard Distribution Center located at 5201-5247 NW 108th Avenue in Sunrise, Florida.
Senior Vice President Keith Graves, CCIM, Vice President Jonathan Thiel and Sales Associate Daniel Forman will serve as the exclusive leasing agents for the three (3) multi-tenant industrial, warehouse buildings, which total 108,000 square feet. Built in 2000, Courtyard Distribution Center is strategically located in the heart of west Broward County with convenient access to all of South Florida via Sawgrass Expressway, Commercial Blvd., I-75 and I-595. The property features 23 dock doors, 31 grade doors and 3 phase power. The park is under new management with Longpoint Property Group, led by Alex Sanchez and Kathy Mulkern. “The park’s flexible floor plans and close proximity to the major transportation arteries will cater to a broad range of businesses,” Graves said. -end- 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 about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com. About CORFAC International: CORFAC International is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide. Berger Commercial Realty/Corfac International announced that Jonathan Thiel has been promoted to Vice President.
Jonathan’s first few years in the business have resulted in securing numerous listings, multiple closed sales representing both sellers and buyers, successful representation of landlords in leasing medical, office, and warehouse spaces, and successful tenant representation assignments. He has since assisted in the development of the Berger Industrial Team which primarily focuses on flex and industrial properties. “Jonathan has become a leading producer at Berger Commercial Realty and it has been an honor to see him grow in the industry. Since joining the firm as a Sales Associate in 2012 Jonathan has continually assumed additional responsibilities and has advanced in our organization,” said Lloyd C. Berger, President of Berger Commercial Realty. In 2014, Jonathan was named Berger Commercial Realty’s Top Broker Under 30. Jonathan’s experience in Hospitality Management and charitable organizations gave him a foundation of strong interpersonal skills and marketing background. Jonathan is a native Floridian with numerous local personal and professional contacts. These attributes have propelled Jonathan into a very successful real estate career. Jonathan’s community involvement includes St. Thomas Alumni Association, Florida International University Alumni Association, South Florida Office Broker’s Association, and Young Professionals for Covenant House. Jonathan has a Bachelor of Science, Hospitality Management from Florida International University in Miami. -end- 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 about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com. About CORFAC International: CORFAC International is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide. Berger Commercial Realty/Corfac International (BCRC) Senior Sales Associates Jonathan Thiel and John Forman represented landlord East Port Center, LLC in two lease deals totaling 28,002 square feet at East Port Center, an industrial distribution facility located at 1881-1887 W State Road 84 in Fort Lauderdale, Florida, within the Marina Mile district. Michael Moecker & Associates, a law firm specializing in comprehensive insolvency and fiduciary services, executed a lease deal for 18,670 square feet, renewing its lease of 14,000 square feet and expanding its footprint by 4,670 square feet for a five-year term. Will Reynoso with Moecker Realty represented the tenant in the lease deal. Muston Group International, LLC (MGI), a yacht servicing company, leased 9,332 square feet for a term of 38 months. There was no co-broker in the deal. Totaling 108,500 square feet, East Port Center is comprised of four buildings with a mix of flex and industrial bays with dock high loading. The center offers excellent access to all major highways and is located just minutes from Port Everglades and the Fort Lauderdale/Hollywood International Airport. “We were able to fill all of the available spaces during the pandemic at market rates, bringing the facility to 100% occupied,” commented Thiel. The tenants were attracted to the center because of its proximity to the Port and Airport. 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 about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or 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/Corfac International Senior Vice Presidents Keith Graves, CCIM and St. George Guardabassi and Sales Associate James Karrat represented seller 1500 South Dixie, LLC in the sale of two industrial buildings located at 1500 S. Dixie Highway and 1610 S Dixie Highway in Pompano Beach, Florida. Pompano Crown LLC, represented by Barry Katz, with Global Connections Realty, Inc., purchased the buildings for $3,330,000, with plans to renovate and re-lease the currently vacated space. The buildings were previously occupied by Smith Manufacturing, which operated out of both buildings. The deal closed January 28. “This transaction marks a renewed interest in Pompano Beach, and specifically this corridor of Dixie Highway,” explained Graves. “Pompano Beach has taken a proactive approach to development and zoning and we look for continued regentrification in the area. Examples include a new multi-family / mixed use complex across the street, which will transform the former salvage yard into a thriving Arts and Industrial area that Pompano Beach is striving for.” Totaling 34,522 square feet, both buildings are situated on approximately 1.4 acres of land. The 1610 S. Dixie building comprises 25,180 square feet of industrial warehouse space and 2,700 square feet of office space. The building features 8 large hurricane-resistant street level overhead doors, 16' clear height, 2 overhead crane rails, 3 phase heavy electrical power and windows in a portion of the warehouse for natural lighting. The 1500 S. Dixie building, which totals 9,342 square feet, is more of a flex property that includes office and warehouse space that features ten bays and offers complete access on all four sides for parking and loading. The buildings provide unmatched visibility, convenient access to major roadways and provide an excellent value for the buyer. 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 about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or 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. |