Berger Commercial Realty’s Jordan Beck Negotiates Sale Of Deerfield Beach Industrial Facility
Berger Commercial Realty/Corfac International Sales Associate Jordan Beck represented the seller Tesco South Inc, in the sale of a 74,000-square-foot, free-standing, single-tenant industrial property.
The 1988-built property, which is situated on 3.5 acres at 1301 NW 3rd St. in Deerfield Beach, Florida, traded for $15,600,000.
The transaction closed November 1.
The property was owned and occupied by Hector Turf for 30+ years. Currently, Wesco Turf, which acquired Hector Turf and is now the exclusive distributor for Toro Lawn equipment for the southeast region of Florida, occupies the property. The buyer intends to hold and stabilize the property long term, with Berger Commercial Realty providing leasing and management services.
“Berger Commercial was hired to market the property to a select group of qualified prospects that would have certainty of closing” commented Beck. “This was due to the confidential nature of the business sale that was occurring simultaneously. This sale also occurred during the continuous interest rate increases and market changes. It took a very strong commitment level from Elion Partners to see this through to the finish line, as the economics of the deal changed throughout the process.”
“This is the second transaction that Elion partners purchased an asset from a Berger Commercial client this year,” Beck added. “Both transactions went smoothly and We look forward to continuing a strong relationship with them.”
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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.
