Walter K. Robinson formed his own shop, Robinson Commercial Real Estate.
Robinson brings more than 19 years of experience in commercial real estate brokerage and development. Click here for Walter’s updated contact information.
It’s rumored that another industry veteran will follow in Robinson’s footsteps. Stay tuned to SFOBA.com for updates!
Sperry Van Ness Commercial Realty has brokered the sale of Headquarters at Gateway Lake office building in Pompano Beach for $2,135,000, or $63.36 per square foot. The all cash deal closed on February 15, 2013.
Joel A. Kattan and Hernan Prohaszka represented the seller, PBE Companies, LLC.
The three story, 33,695 SF, Class “B” office building located at 1280 SW 36th Avenue went into foreclosure in 2010 and suffered from high vacancy and deferred maintenance. Sperry Van Ness Commercial Realty was exclusively retained by the bank to handle the sale of the property upon taking control of the asset.
“We feel this deal represents a very good ‘price-per-pound’ considering that asking lease rates in the immediate submarket are above $10 per square foot, resulting in a considerable upside potential,” said Joel A. Kattan, Senior Advisor at Sperry Van Ness Commercial Realty.
Doral Retail Center Holdings, LLC, the buyer, plans on making significant capital improvements in order to stabilize the asset.
“No doubt, the beautiful lake views and campus-like setting combined with the proximity to major thoroughfares and nearby amenities will draw excellent tenants once the renovations are completed,” said Hernan Prohaszka, Senior Advisor at Sperry Van Ness Commercial Realty.
Sperry Van Ness’ Joel A. Kattan and Hernan Prohaszka have represented banks in the disposition of four REO properties from the fourth quarter of 2012 through now, and with more to come.
KRES Commercial has been selected as the exclusive leasing agent for Flagler Waterview, a 9-story, 164,446 square foot office building, located at 1515 N. Flagler Drive in West Palm Beach.
Conveniently located just minutes from Downtown West Palm Beach, CityPlace and the Palm Beach International Airport, the property is being assertively marketed to corporate and legal firms looking for the convenience and high-identity of a Flagler Drive business address. The building also serves is an ideal location for attorneys as the bankruptcy courts are located within the building.
The Class “A” office tower offers both Ocean and Intracoastal Waterway views along with easy access to ample, free parking in a structured parking garage, complimentary valet parking for visitors, on-site 24-hour security, on-site management services.
Space for lease includes a 39,000 square foot full floor, representing the largest contiguous space available in northern Palm Beach County.
Emerson, a global manufacturing and technology company, announced its second expansion in two years of its Latin operations in South Florida.
According to Stiles Realty director of leasing, Madelayne Garcia, who represented the landlord, Emerson will expand by 9,500 square feet, where it already has 18,000 square feet at Stiles’ Lake Shore Plaza II office building.
Emerson said it will invest $400,000 to renovate the newly leased space and create about 20 new jobs. The renovation will be designed by Stiles Architectural Group and managed by Stiles Tenant Improvement Services.
Lake Shore Plaza II is a 130,000-square-foot multi-tenant office building located in Sawgrass International Corporate Park at the intersection of I-75 and I-595 and the Sawgrass Expressway. The building is certified LEED Silver by the U.S. Green Building Council and boasts numerous energy-efficient and environmentally friendly features, including an indoor air quality system, water-conserving features, recycling program, pest management system, and preferred parking for hybrid and energy efficient vehicles.
Whelchel Partners has recently been tapped to lease 925 S. Federal Highway in Boca Raton.
Designed by Philip Johnson, the 90,000, 7-story Class “A” office tower was built in 2000 and features 42,152 square feet available for lease, with suites ranging from 800 to 40,000 square feet.
Tenants include Wells Fargo, T. Rowe Price and Raymond James.
Boca Raton based Commercial Florida Realty Services has leased 73,146 square feet of office space at the 116,000 square foot Hillsboro Center, located at 600 West Hillsboro Boulevard in Deerfield Beach.
The leases include a new lease with Pylon Manufacturing Corp (10,229 SF), expansion of The Ticktin Law Group (13,712 SF), expansion of Old Republic Tile Insurance Co. (9,441 SF) and the expansion of Dart Container Company (39,764 SF)
“What’s most encouraging is the majority of the Hillsboro Center leasing has come organically, which is a good indicator that the overall economy may well be on the upturn,” stated Peter D. Reed, Managing Principal at Commercial Florida Realty Services, Hillsboro Center’s exclusive leasing firm.
Hillsboro Center is owned by Parkway Properties, Inc., a publically-traded real estate investment trust (NYSE symbol: PKY).
The SFOBA is a network of Professional Office Leasing Brokers in South Florida. Membership is by invitation only – landlord and tenant representatives are included.
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