Lee Brushingham, Director at Calkain Companies, represented the seller in the transaction. CLICK ON THE HEADLINE FOR MORE
Prior to joining Greenberg Traurig, Jerry Calica served as Chief Real Estate Counsel for New York Life. CLICK ON THE HEADLINE FOR MORE
Calkain Companies recently arranged the sale of a 52,000+/- square foot, net rentable two-story office building located at 3111 Stirling Road in Hollywood for $8,250,000.
Lee Brushingham, Director at Calkain Companies, represented the seller in the transaction.
The building was originally constructed by the founding member and managing partner, Gary Poliakoff, Esq., who rose to fame leading the law firm Becker & Poliakoff. The property had been occupied by Becker and Poliakoff since its completion in 1988. The firm vacated the building January 31, 2014 resulting in a vacant asset. Although ownership considered re-leasing the building, several potential purchasers emerged with sincere interest in acquisition.
Brushingham commented, “The asset was looked upon favorably by the owner-user market because of its location and the level of construction detail that was employed by Mr. Poliakoff, including subsurface pilings, slab-to-slab walls throughout, new roof, fully upgraded chiller system, and even an elevator room that was separated from the main building to ensure noiseless elevator operation.”
Other factors noted by Brushingham included fully approved plans for the addition of a third floor, ample parking and a great lakeside office park setting.
The buyer, Memorial Health Care Systems, was in the market for a suitable administrative headquarters in which to consolidate a number of divisions. Bob Banks of RW Banks Real Estate represented Memorial Health Care in the transaction. “This will be a great home for Memorial’s administrative staff for many years to come,” said Brushingham.
Jerry Calica has joined NAI Rauch Weaver Norfleet Kurtz & Co. as a Senior Associate.
Mr. Calica’s background working with large institutional clients on complex real estate matters related to acquiring, holding and disposing of commercial properties is extensive. Prior to joining NAI Rauch Weaver Norfleet Kurtz & Co. Mr. Calica was Chief Real Estate Counsel for New York Life Insurance Company for a number of years. He oversaw the dealings of the firm’s real estate portfolio including the acquisition and disposition of various institutional real estate holdings.
After leaving New York Life, he joined the law firm of Cadwalader, Wickersham & Taft representing clients that included Goldman Sachs, New York Life Insurance Company and many others. Mr. Calica provided clients legal counsel on the acquisition and financing of commercial property that included large portfolios and single properties including office, multi-family and industrial assets.
Upon his arrival in Miami from New York, Mr. Calica joined the law firm of Greenberg Traurig in Miami where his commercial real estate practice was dedicated to large institutional clients and high net worth real estate investors. He provided clients counsel on matters related to commercial real estate holdings and transactional counsel.
Mr. Calica holds a J.D. from Fordham University and is licensed in Florida and New York.
He is available to serve clients interested in commercial property acquisitions and dispositions. Jerry’s commercial brokerage skills are formidable and he has significant relationships with life carriers and other investment trusts throughout the U.S. You can contact Jerry at 954.489.2530.
Becker & Poliakoff Building In Hollywood Trades For $8M
/in Done Deals, News/by SFOBA STAFFLee Brushingham, Director at Calkain Companies, represented the seller in the transaction. CLICK ON THE HEADLINE FOR MORE
Former Greenberg Traurig Attorney Joins RWNK
/in News/by SFOBA STAFFPrior to joining Greenberg Traurig, Jerry Calica served as Chief Real Estate Counsel for New York Life. CLICK ON THE HEADLINE FOR MORE