Marcus & Millichap has named Matthew Kesterson as the new sales manager in the firm’s Fort Lauderdale office.
Kesterson, who joined Marcus & Millichap’s Fort Lauderdale office in 2000 as an intern, also helped to open its Melbourne office and eventually relocate it to Vero Beach.
He has served as a director in the firm’s National Multi Housing Group.
Source: The Real Deal
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.”
Keith Darby recently announced the official launch of Rise Realty, a commercial and luxury residential real estate company serving all of South Florida.
Rise’s commercial division will provides a full spectrum of services throughout Florida and the U.S., including consulting, market evaluation, leasing and sales, transaction management, and acquisition and disposition.
Darby has been with ComReal Ft. Lauderdale since July, 2007, most recently serving as Corporate Services Advisor. He will serve as CEO of Rise Realty.
The Allen Morris Company has been named the exclusive leasing agent for Fort Lauderdale’s Galleria Corporate Centre, the company announced.
The 13-story project, which is located at 2455 East Sunrise Boulevard, has 55,000 square feet of available space.
Allen Morris’ Bill Cutler will be handling leasing at the property, with Louis Gallo overseeing sales of Galleria’s office condominiums.
Source: The Real Deal
Ken Silberling has joined Commercial Florida Realty Services, LLC as a Principal, focusing on office leasing and investment sales.
Silberling had been Vice President of Leasing and Acquisitions and Director of Business Development at Danburg Management Corporation since 1999. At Danburg, a Boca Raton based commercial real estate investment and development firm, Silberling was instrumental in growing the portfolio from 150,000 to over 1 million square feet and completed well over 500 office and industrial lease transactions. Ken holds a Master of Business Administration from Georgetown University.
At Commercial Florida, Silberling rejoins George Sacks and Peter D. Reed, Principals of Commercial Florida Realty Services, with whom he had worked at the original Commercial Florida in the late 1990s. Sacks sold the assets of the original Commercial Florida to Grubb and Ellis in 1999, but re-formed the company in 2005. At Commercial Florida, Silberling will be looking to grow the company’s third party leasing and management business and source investment opportunities.
“I’m really excited to be back with George and Pete.” said Silberling “There is certainly a level of comfort and mutual respect. I feel our skills complement each other and that together we can provide a range of services that is unique to the market.”
“What I like about Commercial Florida 2.0 is that our platform now combines leasing, management and sales. We have an a-la-carte menu of services that we can tailor to a client’s need. In addition, we have all been involved from the ownership side, so we have a true understanding of what today’s real estate owner needs. And while we’re all a bit older and wiser, I’ve learned a few new tricks, so we’re at the cutting edge as far as marketing and technology.”
Commercial Florida has also resumed production of its semi-annual office market reports. “Our market information is what differentiated us and helped establish our brand back in the 90s” said Sacks. “While Co-Star and others have changed the landscape for data collection, the need for intuitive interpretation of the data is more important than ever. While Ken won’t be writing the reports like he did previously, he will certainly add his own unique and often entertaining perspective.” “It’s a lot easier to compile the data and create pretty graphics these days,” added Silberling, “but our real job is to translate the data into actions that will help owners maximize their property values. I believe we have the talent to do that as well as anyone in the market.”
Bank of America Plaza at Las Olas City Centre (LOCC) is gaining rapid leasing momentum and drawing major national office and retail tenants to fill more than 115,000 square feet since the start of the year.
“LOCC has found an effective market niche with tenants that thrive on the building’s amenities and location on Las Olas Boulevard” said Stiles Director of Leasing Norm Adams. “We’re drawing major banks and financial service firms, law firms, trendy cafes, high-end restaurants and retail tenants who all enjoy having both professional and residential targets at their doorstep.”
Recent leases from Bank of America for 56,742 square feet; Boies, Schiller & Flexner for 22,632 square feet; BBX Capital Corporation for 16,355 square feet; Patriot National Insurance expansion of 12,142 square feet; Farlie & Turner for 3,788 square feet; and Subway and Offerdahl’s have brought the 408,079-square foot office tower at 401 East Las Olas Boulevard to 99 percent leased.
LOCC is a Class A 23-story office and retail building developed by Stiles and owned by institutional investors advised by JP Morgan Asset Management. Stiles has provided the leasing and property management for LOCC since its development and was reassigned to the building by the new ownership.
