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Stigliano Turns Double Play

June 25, 2014/in Done Deals/by SFOBA STAFF

Reese Stigliano, with the assistance of Ken Silberling, sold a free-standing office building for more than $305 per square foot as part of the two transactions. CLICK ON THE HEADLINE FOR MORE

Are You A Member Of SFOBA?

June 24, 2014/in News/by SFOBA STAFF

If you are an office broker, and not yet a member of SFOBA, please let us know. CLICK ON THE HEADLINE FOR DETAILS ABOUT MEMBERSHIP AND HOSTING AN SFOBA MEETING

Stigliano Turns Double Play

June 25, 2014/in Done Deals/by SFOBA STAFF

Reese Stigliano, with the assistance of Ken Silberling, sold a free-standing office building for more than $305 per square foot as part of the two transactions. CLICK ON THE HEADLINE FOR MORE

Are You A Member Of SFOBA?

June 24, 2014/in News/by SFOBA STAFF

If you are an office broker, and not yet a member of SFOBA, please let us know. CLICK ON THE HEADLINE FOR DETAILS ABOUT MEMBERSHIP AND HOSTING AN SFOBA MEETING

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Stigliano Turns Double Play

June 25, 2014/in Done Deals/by SFOBA STAFF

Reese Stigliano, Senior Vice President with Brenner Real Estate Group, completed a double play for his client, SNG Prosthetic Eye Institute.

Stigliano represented the client in the sale of their office building in Boca Raton and coordinated the relocation to a new leased space in Delray Beach. Reese was assisted in these transactions by his associate, Ken Silberling.

The sale of the 4,010 square foot building, located at 950 NW 9th Court in Boca Raton, closed on Friday, June 13th for $1,225,000.

The buyer was Welcor Holdings, LLC, a local real estate investment firm that plans on leasing the space to a physical therapist. The building, which is located within walking distance to Boca Raton Regional Hospital, sold for over $305 per sq.ft.

“This is a very high price for an empty building,” according to Stigliano, “but the location in east Boca Raton and the unique zoning of MC (Medical Center) made the property very desirable for a medical user.”

Once the building was under contract, the next challenge was identifying a suitable alternative medical space to lease. Also, the client needed to close on the sale and be open for business in the new space virtually the same day without any down time.

Stigliano and Silberling were able to locate a 2,611 square foot medical office condo for lease in the South County Professional Center located at 16244 S. Military Trail in Delray Beach where SNG Prosthetic Eye Institute signed a five (5) year leased valued at over $260,000.

“Reese did an absolutely fabulous job juggling the sale of my building and coordinating the relocation of my company. We sold the building on a Friday and Monday morning I was opened for business in my new location,” according to Nicole Garonzik, owner of SNG Prosthetic Eye Institute.

Are You A Member Of SFOBA?

June 24, 2014/in News/by SFOBA STAFF

The prime objective of the South Florida Office Brokers Association (SFOBA) is to give members an opportunity to network with their peers, get more information on what is available in the marketplace, and hopefully get pertinent market information from guest speakers, as well as research analysis for the area.

Our meetings are hosted, graciously, by our members. The host property gets exposure to market the space available in the building and for all to see it first hand.

There is no charge to be a member of SFOBA, but it is for office brokers only.

If you are an office broker, and not yet a member of SFOBA, please let us know by leaving a comment below. Be sure to include your name and email address and we’ll be happy to add your name to our current email distribution list to keep you informed of upcoming meetings.

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Stigliano Turns Double Play

Are You A Member Of SFOBA?

Stigliano Turns Double Play

Are You A Member Of SFOBA?

Full Sized Blog Element (Big Preview Pic)

Stigliano Turns Double Play

Are You A Member Of SFOBA?

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