Tag Archive for: berger commercial realty

Downtown Fort Lauderdale Boutique Office Building Trades For $480 PSF

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Berger Commercial Realty/Corfac International Vice President Brian Batchelder represented the seller in the purchase of a 5,204-square-foot office building located at 2100 South Andrews Avenue in Fort Lauderdale.

RFH 2100, LLC sold the 1972-built boutique office building, which is situated on .37 acres of land, for $2,500,000. Ron Osborne, Managing Director of Sperry Commercial Global Affiliates | RJ Realty represented the buyer, Consolidated Properties of Andrews Avenue, LLC, in the transaction.

The deal closed April 18.

Brian Batchelder-Berger Commercial Realty

Batchelder

“The downtown Fort Lauderdale office inventory is extremely low driving valuations at an all-time high,” commented Batchelder. “My client was able to take full advantage of the market climate and was able to ascertain their desirous price.”

2100 S. Andrews Ave. is a free-standing office building consisting with 21 parking spaces. It is situated on the SE corner of Andrews Ave and SE 21 St.  It is Ideally located within minutes from the courthouses, Broward General Hospital, Port Everglades and Fort Lauderdale-Hollywood International Airport. The building features signage capabilities with high curbside visibility facing Andrews Avenue.

 

Berger Commercial Realty’s Steve Hyatt Negotiates Sale Of Fort Lauderdale Office Building For Company HQ

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Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt represented the seller, Rawworld Enterprises LLC, in the sale of its office/retail property located at 2495 East Commercial Boulevard in Fort Lauderdale.

Tricoastal Construction LLC paid $2,250,000 for the asset. The high-end residential construction company plans to convert the former vegan restaurant and dance studio to its corporate offices.

“The property generated substantial activity due to its excellent condition and prime location,” explained Hyatt. “It sold and closed in less than 4 months.”

The 6,657-square-foot building, which features Class A finishes throughout, is situated on .23 acres with 100 feet of frontage on E Commercial Blvd.

This is the second property that Hyatt has sold for this owner in the past two years.

 

Cemex To Downsize, Relocate After $13.4M Office Sale In West Palm Beach

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Cement producer Cemex USA will downsize its office space after selling its building in West Palm Beach for $13.4 million.

The Mexico-based company sold the 65,760-square-foot office complex at 1501 Belvedere Road to District Pointe LLC, a joint venture between Index Investment Group and West Palm Beach-based Verdex Construction. The price equated to $204 per square foot.

Cemex affiliate Rinker Materials constructed the building on the 4.85-acre site just west of downtown in 1983. Cemex was the sole occupant.

According to Colliers International, Cemex is leaving the property in a few months. The company has less need for office space because more people are working virtually, so it will move to a smaller office nearby.

As for the buyers, they will rebrand the building District Pointe, completely renovate it, and reposition it into a multitenant building. Verdex Construction, one of the largest general contractors in South Florida, will occupy a full floor of the building.

Mark M. Rubin and Bastian Laggerbauer of Colliers International represented the buyers, while the sellers worked with Michael Feuerman, Steve Hyatt and Daniel Silver of Berger Commercial Realty.

 

Source:  SFBJ

Berger Commercial Realty’s Keith Graves, CCIM Negotiates 12,000-SF Lease Renewal For YMCA

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Berger Commercial Realty/Corfac International Senior Vice President Keith R. Graves, CCIM negotiated a lease renewal on behalf of the landlord, 900 SE 3rd Ave L.P., with Young Men’s Christian Association of Florida, Inc. (YMCA).

YMCA renewed its lease for 11,954 square feet for its corporate office at 900 SE 3rd Avenue, a boutique/professional office building in the Fort Lauderdale Central Business District.

“The landlord and the YMCA have enjoyed a long-standing relationship,” commented Graves. “This was a mutually beneficial transaction, and we are all thrilled that YMCA’s corporate office will maintain it’s presence in Downtown Fort Lauderdale.”

Located immediately next door to the new U.S. Federal Courthouse, the 3-story, 46,800-square-foot building offers convenient access to downtown area restaurants, the Broward County Courthouse, governmental offices, SR 84/I-595 and the Fort Lauderdale-Hollywood International Airport (FLL).

Berger Commercial Realty’s Joe Byrnes, Jonathan Thiel and John Forman Negotiate 13,000 SF Office Lease Deal With State Agency

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Berger Commercial Realty/Corfac International Senior Vice President Joseph P. Byrnes, along with Senior Sales Associates Jonathan Thiel and John Forman represented landlord Blackhawk Properties & Investments, LLC in a 12,651-square-foot lease deal with The Office of Criminal Conflict and Civic Regional Counsel, Fourth District at The 550 Building, a 92,919-square-foot, 7-story Class A office building located in Downtown Fort Lauderdale.

The state attorney’s office has signed on for a 10-year term.

Located at 550 South Andrews Avenue in Downtown Fort Lauderdale in the heart of the fast-emerging SOLO District, the office building is located adjacent to the new 700,000-square-foot Broward County Courthouse within the Central Business District location, yet away from congestion, providing ease of access to major transportation routes. The 2019-built facility features 12,000-square-foot floor plates; an on-site 634-car parking garage, representing the highest available parking ratio available in Downtown Fort Lauderdale; and a ground floor patio restaurant. Office suites range from 680-square-foot spec suites to full floors.

 

Berger Commercial Realty’s Brian Batchelder, Joe Byrnes Negotiate 25,000 SF Lease Deal With VITAS Healthcare Corporation of Florida

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Berger Commercial Realty's Brian Batchelder and Joe ByrnesBerger Commercial Realty/Corfac International Vice President Brian Batchelder and Senior Vice President Joseph P. Byrnes represented landlord Congress Properties & Investments, LLC in a six-year, 16,648-square-foot lease renewal and expansion of an additional 8,686 square feet with VITAS Healthcare Corporation of Florida at Woolbright Corporate Center, located at 1901 South Congress Avenue in Boynton Beach.

Andrew Pearl with Investments Management Associates, Inc. represented VITAS Healthcare in the lease negotiation.

Established in 1978, VITAS Healthcare is a vital provider of hospice services in the US. The firm, a subsidiary of Chemed, is a top national provider, serving patients in about 15 states and Washington, DC. The company provides nearly 50 hospice care programs for terminally ill patients in their homes, nursing homes, hospitals, and at its nearly 3030 company-owned inpatient facilities. Its services — provided by teams of nurses, doctors, aides, clergy and social workers — focus on managing pain and symptoms, providing personal care, helping with financial arrangements, handling equipment and medications, and offering emotional and spiritual support. The company also provides bereavement services and grief counseling to patients’ families.

Woolbright Corporate Center is a 115,000-square-foot campus setting office project with an 85% occupancy level. The property features plenty of free surface parking, and easy access to I-95 and Florida’s Turnpike. The only remaining available space is a full floor comprised of 16,323 square feet, which can be divided with a 5,000-square-foot tenant. Berger Commercial Realty leases and manages the  property which is a part of a portfolio consisting of approximately 500,000 square feet of commercial properties from Delray Beach to West Palm Beach.