Private Logistics Company TransLoop Opens Fort Lauderdale Office, Plans To Hire 40 In 2023

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Chicago-based private logistics company TransLoop recently opened the doors to their brand-new Florida office at 101 Centre, located in Downtown Fort Lauderdale at 101 NE 3rd Avenue.

The office will be integral to TransLoop’s hiring projections for 2023 with space for 40 new hires. The team’s expansion amongst the South will only continue to grow as the industry’s hunger grows within the region.

The recently renovated building overlooks Downtown, and features a full-service café, conference facilities, 24/7 security, and integrated structured parking.

CBRE‘s Brian McDonnell, Bill Sheehy, and Thomas Haughton represented TransLoop in the transaction. CBRE‘s ​​John Criddle, Joe Freitas and ​Allie Lancashire represent the landlord, Ivy Realty.

“It’s always an exciting time when we open a new office space. Our goal is to keep expanding in our current markets, while tapping into new talent pools. Our location strategy also focuses on employee relocation interest. This allows our team to feel motivated and excited about internal growth and leadership opportunities, while providing them the mobility to pursue opportunities at any office within our company,” commented Nick Reasoner, Founder, and CEO of TransLoop.

A hiring spree is currently taking place for all positions, including:

  • Customer Sales Representatives (Mid-Market & Enterprise)
  • Carrier Sales Representatives (Mid-Market & Enterprise)
  • Operation Specialists and Account Growth Managers

 

Plantation’s Cornerstone Corporate Center I Trades For $38 Million

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JLL Capital Markets has closed the sale of Cornerstone Corporate Center I in Plantation.

JLL represented the seller, The AFL-CIO Building Investment Trust, advised by PNC Realty Investors, and procured the buyer, PIR Corner, LLC, an entity managed by Atlanta-based private commercial real estate firm The Brookdale Group.

Comprised of 170,172 square feet, Cornerstone I is located on 9.14 acres overlooking exceptional lake and golf course views at 1200 S Pine Island Road. The Class A, 80% leased multi-tenant asset is perfectly situated at a key access point to the vibrant community of Plantation, with proximity to I-595 and Fort Lauderdale. Cornerstone I boasts high-quality tenancy including Marriott International, Morgan Stanley and MetLife. The Property features a covered parking deck, a recently renovated gym, a café and access to numerous nearby restaurants and amenities.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Hermen Rodriguez, Managing Director Ike Ojala, Senior Director Matthew McCormack, Associate Max Lescano and Analyst Blake Koletic.

“Even today with rising interest rates, well-located, suburban office buildings have significant investor demand in South Florida,” said Rodriguez.

Berger Commercial Realty Celebrates 25 Years

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Berger Commercial Realty/Corfac International, a leading independent and privately owned regional, full-service commercial real estate firm based in Fort Lauderdale since its founding in 1998, is celebrating its 25-year anniversary, marking a great achievement and a major milestone for the company. 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.

berger commercial realty_25th-anniversary logo_croppedThe company began as a property management firm and remained solely focused on property management for the first years. Now, as one of the largest independently owned and operated commercial real estate brokerage and property management firms in South Florida, the company has grown to 45 employees with two offices in two counties, currently averaging approximately 300 brokerage transactions each year for a total volume of roughly $400 million.

In 2020, Berger Commercial Realty founded its affiliate company, Andrews Avenue Residential, a residential property management company focused on superior multifamily real estate operations, including full-service management, accounting, and acquisitions. AAR currently manages over 1,800 units throughout the southeast.

“Berger Commercial Realty’s commitment to providing the highest level of customer satisfaction coupled with the unparalleled professionalism of our team members has provided for 25 successful years,” commented Lloyd C. Berger, Berger Commercial Realty President.

With dozens of awards and a talented and resolute team of brokers, property managers, and commercial real estate professionals, Berger Commercial Realty is poised and ready to continue to deliver exceptional results, customer service, and market knowledge for many years to come.

 

The Atrium At Broken Sound Snags 4 New Tenants

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Four companies signed leases for a total of 16,722 square feet of office space in The Atrium at Broken Sound in Boca Raton.

Built in 1986 at 6111 Broken Sound Parkway NW and renovated in 2020, the three-story property totals 100,668 square feet. It is owned by New York-based Alchemy-ABR Investment Partners and Miami-based Breakers Capital Partners.

John Criddle, Joe Freitas and Jeffrey Kelly of CBRE represented Alchemy and Breakers in the lease negotiations.

The four businesses that will move into The Atrium are:

  • Crossroads Financial, a Boca Raton-based firm that provides credit for small retail and e-commerce businesses. It signed a seven-year lease for a 5,152-square-foot space on the second floor. Max Pawk of CBRE represented Crossroads Financial.
  • Virtue RX, a distributor of veterinary pharmaceuticals. It signed a lease for 2,084 square feet on the second floor. Virtue was represented by Ingrid Fulmer of Coldwell Banker Commercial NRT.
  • Nylene, a New Jersey-based distributor and manufacturer of polymer fabrics. It will occupy a 1,795-square-foot office on the second floor.
  • Cresa Global, a newly established branch office of the Chicago-based tenant representative brokerage. Bob Schneiderman, managing principal of Cresa Global, represented his office in the lease negotiations.

In addition to the new leases, department store Marshalls, a subsidiary of the TJX Cos. (NYSE: TJX), renewed its lease on a 5,946-square-foot space on the third floor for five more years.

Alchemy and Breakers acquired the Atrium at Broken Sound for $21.4 million in November 2018. Available office space is being advertised for $24.50 a square foot on LoopNet.com.

Source:  SFBJ

Cresa Expands Florida Footprint With New Boca Raton Office

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Cresa has opened its newest office in Boca Raton, located at 6111 Broken Sound Parkway NW.

Located in central Boca Raton, the new office encompasses approximately 2,000 SF and further enhances the firm’s presence across South Florida. Bob Schneiderman, Managing Principal (previously the Executive Managing Director of Colliers), will head up the office and plans to hire additional advisors and team members to expand the office.

“Bob brings a wealth of market intelligence and client connections to the firm, having served clients locally and around the globe for decades. He is a consummate professional and is a significant addition to our growing Florida operation and advisory platform nationally. We are thrilled to welcome him to Cresa,” said Tim Rivers, Cresa Market Lead – Florida.  

Cresa advocates for tenants in the professional services, technology, supply chain, healthcare, and additional sectors driving significant economic growth throughout the state. Notably, the firm’s Miami office completed 136 projects in 2022 alone, totaling $160 million in transactions.

 

Cushman and Wakefield’s Deanna Lobinsky And Chase Kulp Rep Bridge In Two New Lease Deals At Sawgrass Technology Park

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Bridge Commercial Real Estate (Bridge), a commercial brokerage subsidiary of Bridge Investment Group, announced two new leases at Sawgrass Technology Park, a 514,332-square-foot, 11-building office complex in Broward County.

Kahane and Associates and Acentria Insurance, a Foundation Risk Partners Company will occupy approximately 27,000 square feet at the 56-acre campus known for its Mediterranean-style architectural design and surrounding lush landscape and lake. Centrally located in the heart of the thriving Sunrise submarket at the confluence of I-75 and I-595, the business park is surrounded by premier shopping, dining and entertainment destinations, bolstering the complex’s status as one of the most highly amenitized professional office buildings in Broward County.

Bridge signed a 12,000-square-foot deal with Kahane and Associates, P.A., a consumer finance litigation law firm relocating from Plantation, and a 15,000-square-foot lease with Acentria Insurance, an insurance company relocating from Fort Lauderdale. Sawgrass Technology Park’s upgraded amenities and central location positions the office park to be the ideal home for these new leases as they enter their next chapter of growth and expansion.

Cushman and Wakefield’s Deanna Lobinsky and Chase Kulp represented Bridge in both transactions.

The new leases reflect the broader “flight to quality” trend as office users across the U.S. seek highly amenitized and repositioned office buildings to provide for their employees and encourage retention. Bridge has invested $7.5 million in capital improvements across Sawgrass Technology Park, including an updated amenity hub with a fitness center, conference center, management office, game room, TVs and a modern cafe to serve as the center’s first on-campus food option.

“We are thrilled to welcome these dynamic companies to our tenant roster at Sawgrass Technology Park, which has become a top destination for professional talent in the region,” said Kelly Kuykendall, managing director at Bridge Investment Group. “The overall lack of new office products in surrounding submarkets has created new opportunities for landlords that made strategic investments to reposition their properties shortly before and during the pandemic. These leases reflect how many of those buildings are now capturing a healthy share of market demand in Broward.”

According to a recent report from Cushman & Wakefield, Sunrise and other submarkets in West Broward accounted for more than 246,000 square feet of positive net absorption in Q3, offsetting losses in other parts of the region. Year-over-year asking rents climbed by nearly 3% despite recent economic turbulence. Another recent study from CBRE shows Broward has registered nearly one-third of total leasing activity in South Florida over the last year, despite only having just over 25% of the region’s total inventory.