Tag Archive for: cre-sources

Busekrus Secures Buyer For 274,000 SF Broward Portfolio

/in , /by

KTR has acquired the Prospect Park portfolio, a 274,000 SF industrial/flex portfolio in Ft. Lauderdale.

The portfolio consists of 63,800 square feet of single story, walk-up office; 82,000 square feet of flex; and 128,500 square feet of industrial distribution space.  The park is located just west of the Ft. Lauderdale Executive Airport in what is known as the Ft. Lauderdale Commerce Center.

Public records indicate the seller was an affiliate of Invesco Real Estate based in Texas.

The 16 building portfolio was built in 1983 and was 48% occupied at the time of the sale. KTR will seek to reposition the properties for immediate lease-up.

“The Prospect Park Portfolio acquisition is an interesting opportunity to buy functional, multi-tenant warehouse and flex product at a very attractive basis,” commented PJ Charlton, Senior Vice President of Investments for KTR.  “With convenient access to the major highways and population centers and a central Broward County business location, we intend to rebrand the portfolio and restore a stabilized occupancy level.  We will implement an immediate capital program to modernize the building exteriors and tenant spaces.”

This acquisition brings KTR’s total footprint in Florida to approximately 5.0 million square feet.

This Portfolio was marketed by Marty Busekrus, a Director with HFF, as previously reported by CRE-sources.  Busekrus is responsible for industrial investment sales throughout the Southeastern United States.  The portfolio was being marketed without an asking price, however sources close to the deal report a price of roughly $13.5 million, which calculates to approximately $49 per square foot.

New Commercial Information Exchange Launches In South Florida

/in /by

Introducing South Florida’s newest electronic database – FloridaCIE.

ePropertyData has introduced FloridaCIE, a new commercial real estate information exchange specifically for the Miami Dade, Broward and Palm Beach Counties, providing members with access to professional marketing tools, plus organized, analytical data for research and sales. For just $65 monthy, (yep, you got that right…only $65!) members have access to:

  • TENANT LISTS
  • CUSTOM MARKET AREAS
  • POLYGON SEARCHES
  • AUTOMATIC NOTIFICATIONS
  • COMPARABLE SALES
  • MARKETPLACE ANALYTICS
  • BROADCAST EMAILS

FloridaCIE is “property-centric,” meaning that the database that underlies the CIE system is structured and patterned upon an inventory of all the commercial parcels and buildings in the tri-county market. A property -entric system produces more accurate data! The system allows for historical sale and lease transaction tracking in addition to current data.  Sale and lease listing systems cannot compare.

Search commercial real estate for sale and for lease. Search commercial land and multi-family listings. Access listing information for Office, Industrial and Retail product.

Members also have access to tenant information, iPad Mobile App, fastFlyer, National Haves and Wants Database and Investit Lite software – all FREE with their paid subscription!

Come see for yourself!  CRE-sources will be co-hosting a demo of FloridaCIE along with Liberty Property Trust on Wednesday, September 14th at Sunset Plaza, located at 13621 NW 12th Street in Sunrise.  A light breakfast will be served.

All attendees will receive an exclusive 30-day free trial!  CLICK HERE TO REGISTER