Tag Archive for: naiop south florida

Foundry Commercial Plans Office-To-Warehouse Redevelopment In Weston

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Foundry Commercial is set to redevelop two office buildings in Weston into modern industrial warehouses on behalf of the property owner.

Located at 3265 Meridian Parkway and 3040-3050 Universal Blvd, the site currently has a 42,992-square-foot office built in 1990 and a 67,350-square-foot office constructed in 1998.

The 11.3-acre site, currently under contract, will transition from traditional office use to industrial operations, part of a broader trend of suburban office-to-industrial conversions.

Foundry, which has completed more than $1.4 billion in acquisitions across office, retail, and senior housing, has earned recognition as NAIOP South Florida’s Developer of the Year for its innovative redevelopment projects.

The project is expected to attract distribution and light-industrial tenants, potentially prompting local infrastructure improvements to support increased traffic and operational needs.

Terry Stiles To Be Honored At NAIOP’s Awards Of Excellence

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During its Awards of Excellence banquet on March 15, NAIOP South Florida will pay tribute to commercial real estate giant Terry Stiles for his unparalleled contributions to South Florida’s business community.

Through more than four decades of leadership, Stiles led the transformation of downtown Fort Lauderdale and helped position Broward County as one of the most desirable locations for business, culture and living.

In recognition of Stiles’ pivotal work and a lifetime of achievements, the South Florida chapter of NAIOP, a Commercial Real Estate Development Organization, has donated to Nova Southeastern University’s campaign to create the Terry Stiles School of Real Estate Development, a master’s degree program at NSU’s H. Wayne Huizenga College of Business and Entrepreneurship.

Funds from this campaign also will allow worthy students to complete their studies by providing scholarships in Terry’s name.

“Look anywhere in Fort Lauderdale and you’ll see the legacy that Terry left behind,” said NAIOP South Florida Executive Director Jules Morgan. “He shaped the very foundation of South Florida as it stands today through iconic developments in all areas of the region. Terry was and continues to be an inspiration to all those who knew him. He was dedicated to not only creating a thriving region of economic prosperity, but also to supporting industry professionals and organizations such as NAIOP. While we have been fortunate enough to recognize Terry in the past for his momentous accomplishments and transformational endeavors, today marks our most important recognition of all – a celebration of the life and legacy of a man who believed anything was possible.”

Stiles was a member of NAIOP South Florida for more than 35 years and served as the chapter’s president from 1982 to 1984 and as national chairman in 1998, leading the executive committee and spearheading development initiatives that benefitted chapters across the country. For his efforts, he was awarded the illustrious NAIOP Lifetime Achievement Award in 2000.

The 2018 Awards of Excellence ceremony and dinner will take place on Thursday, March 15 from 5:30 to 9 p.m. at The Ritz Carlton, located at 1 N. Fort Lauderdale Beach Blvd. in Fort Lauderdale. The Awards of Excellence recognize the individuals and organizations whose achievements have contributed to the local commercial real estate industry, benefitted the regional business environment and facilitated economic growth in South Florida.

Tickets are $195 for NAIOP members and $245 for non-members. Sponsorship opportunities are also available. To register to attend, visit www.naiopsfl.org/events.