Berger Commercial Realty Broker Keith Graves Closes $2.9 Million Sale of Hollywood Office Building
FORT LAUDERDALE, Fla. (February 23, 2015) – Berger Commercial Realty, a regional, full service commercial real estate firm, announced that broker Keith Graves closed the $2,950,000 sale of an office building, located at 2500 Hollywood Blvd. in Hollywood, for Weil Corp.
DST Investments, LLC, represented by King Real Estate, purchased the four-story, 27,041-square-foot building as an investment. Built in 1976, the class B building was 79 percent occupied with many long-term tenants at the time of sale.
“With in-place cash flow, this boutique professional office building was particularly attractive to investors seeking to establish or expand commercial real estate portfolios in South Florida,” Graves said.
Strategically located near Hollywood’s central business and arts and entertainment districts, as well as local governmental offices, banks and major roadways, the building will continue to be used as office space.
About Berger Commercial Realty
Berger Commercial Realty 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 TCN Worldwide, a network of independent commercial real estate firms providing global integrated real estate solutions. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit bergercommercial.com.
