Tag Archive for: butters

Molly McDonough Joins Butters

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Molly McDonough has joined Butters Realty & Management as a senior vice president.

McDonough comes to Butters with more than a decade of commercial real estate experience, having represented an office portfolio of 1.5 million square feet in South Florida and negotiating more than $100 million in transactions for these landlords.

McDonough also specializes in tenant representation and in 2010 she competed more than 165,000 square feet in leases, valued at $13.5 million.  As a tenant representative, she brokered one of the largest lease deals in Palm Beach County in recent years and was nominated for a NAIOP Deal of the Year.

McDonough was previously a vice president Flagler Real Estate Services. In her new position, McDonough will focus on building Butters’ tenant representation platform.

Based in Coconut Creek, Butters Realty & Management is a division of the Butters Group, a fully integrated development, construction, realty and management firm founded in 1990.

“Having essentially spent my career in real estate working for a renowned local developer, construction and brokerage firm, it was natural for me to look at the opportunities at another well- known South Florida developer that was looking to expand its presence in the third-party brokerage side in both landlord and tenant representation,” McDonough said.  “I will be concentrating solely on building Butters Group’s tenant representation practice and look forward to working with Malcolm Butters and the great team he is building.”

Butters Group President Malcolm Butters said the addition compliments the company’s strong third-party landlord services platform, which currently handles leasing and property management for several million square feet for a bevy of local, national and institutional owners.

“We are excited about Molly becoming part of the team and her hiring launches our tenant representation platform,” Butters said.

McDonough is well known in South Florida real estate circles and is an active leader in the South Florida chapter of NAIOP (National Association of Industrial office Properties) currently serving on the programming committee and as chair of the annual NAIOP charity Golf Tournament, which has raised more than a $100,000 for local charities. She also sits on the board of the Coral Springs Economic Development Foundation and is a graduate of Class 30 of the Leadership Broward program. McDonough mentors high school students with Women of Tomorrow.

 

 

 

Butters Represents Wheel Zone In HQ Expansion And Relocation

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Butters Realty & Management represented Wheel Zone, a manufacturer and distributor of after-market wheels, in the expansion and relocation of its corporate headquarters from Miami’s Airport West submarket to a 36,410-square-foot facility in Broward County.

Wheel Zone signed a five year lease at 3860 Pembroke Road, part of Pembroke Commerce Center, a three-building, 300,000-square-foot distribution center just west of I-95 in Hollywood.

Tom Viscount, Senior Vice President of Butters Realty & Management represented Wheel Zone in the transaction.

Jack De Howitt represented landlord The Kelsey Group.

“We were looking for sites along Broward’s Interstate 95 corridor and we were pressed on time as Wheel Zone had a current lease that was ready to expire and a large amount of new inventory on its way from overseas” said Viscount. “We literally were able to put a deal together from start to finish with The Kelsey Group in less than a week.”

Jackie Newmark Joins Butters

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Jackie Newmark has recently joined the ranks at Butters Realty.
Ms. Newmark comes to Butters from CBRE, whom she joined in February of 2002. Her diverse background brings a range of experience in the leasing, management and sale of commercial real estate throughout the South Florida marketplace.
Prior to her affiliation with CBRE, she was responsible for overseeing the management a large commercial real estate portfolio for a major South Florida investment firm.  Subsequently, Ms. Newmark-Tavares transitioned into commercial real estate brokerage with a national real estate firm where she represented a wide variety of office tenants and focused on office space acquisition.

3 Firms Join Forces In 33K Broward Aviation Lease

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The long-awaited $790 million runway expansion at Fort Lauderdale-Hollywood International Airport will have the Broward County Aviation Department departing its home on airport grounds.

The department recently signed a five-year lease with Boston-based Cabot Properties for 32,812 square feet at 2200 SW 45th Street in Dania Beach. The agency’s current office is in the path of the new runway, which will soar over U.S. 1.

The agency is expected to move into its new office, a former administrative office for Robb & Stucky, in the first quarter of next year.

Tom Viscount of Butters Realty & Management, John Halliday and J.C. Halliday of the Halliday Group and John Dohm of Infinity Commercial Real Estate brokered the transaction.

“The three brokerage firms worked together to get this lease completed, with each playing an integral role to help the Aviation Department meet its tight financial budget, which was good for the county, while delivering a top-notch government tenant to Cabot,”  Viscount said. “It was a time-consuming and challenging transaction and could not have been done without the efforts and cooperation of everybody. Cabot was really willing to go the extra mile for the Aviation Department.”

Deals, Deals, Deals!

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Michael Rauch leased 10,000 square feet of distribution and headquarters office space to Mark V Concepts, Inc., a New York-based company and major supplier to QVC. The property is located in Broward County in the Pompano Beach Gateway Industrial Park. Michael Rauch, senior partner of Rauch Hartman Scherer & Company, represented the landlord and tenant in the transaction.

Peter D. Reed, Principal of Commercial Florida Realty Services, closed a lease transaction with ITT Technical Institute, a leading private college focused on technology-oriented programs of study, for 20,000 SF at Hillsboro Center, located at 700 W. Hillsboro Blvd. in Deerfield Beach. Reed represented Parkway Properties, Inc. (NYSE symbol: PKY), the landlord of Hillsboro Center.

PEBB Enterprises of Boca Raton purchased the Sabadell United Bank Building, located at 1645 Palm Beach Lakes Blvd., and the Horizons Building, located at 1401 Forum Way. The combined purchase price was $14,250,000 for the two buildings, which total over 180,000sf.

And, in one of the top office transactions in Palm Beach County in recent years, a partnership led by Butters Group, has sold the Class A office building Boca Village Corporate Center, for $32.85 million to BVCC Corp. of Miami.