Berger Commercial Realty’s Steve Hyatt Negotiates Sale Of Vacant Land In Downtown Fort Lauderdale
Manor Investments, LLC has successfully acquired Tarpon Lofts, a prime .29-acre parcel of vacant land located at 400 SE 9th Court in Fort Lauderdale, Florida, from Initech Properties, LLC.
The purchase price for the property was $1,100,000.00.
The transaction closed September 30.
The transaction was facilitated by Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt, who represented the seller.
Situated just south of the New River and overlooking the new Federal Courthouse property, Tarpon Lofts is poised to become a sought-after residential destination. The site is approved for the development of a six-story, nine-unit luxury loft-style condominium project, which will overlook the picturesque Tarpon River.
“The acquisition of Tarpon Lofts reflects a growing trend among buyers seeking a balance of urban living without the confines of larger high-rise buildings,” said Hyatt. “This property offers a unique opportunity to embrace a ‘live, work, play’ lifestyle within walking distance of Downtown Fort Lauderdale and the vibrant Las Olas Boulevard.”
As urban development continues to flourish in Fort Lauderdale, Manor Investments, LLC aims to capitalize on the demand for upscale residential options that combine convenience and luxury. The planned development at Tarpon Lofts will cater to residents who value proximity to the city’s cultural and recreational amenities.
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About Berger Commercial Realty/CORFAC International: Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com.
About CORFAC International: CORFAC International is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada, and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand, and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide.
