Berger Commercial Realty’s Jordan Beck Reps Seller In $15 Million Office Property Sale

Berger Commercial Realty  /   November 14, 2024

Chabad of Mid Miami Beach, Inc. has officially closed the purchase of Glades Office Park, a prime office property located at 1515 NW 167th Street in Miami.

The sale, which closed September 20, was brokered by Berger Commercial Realty/Corfac International Senior Vice President Jordan Beck. Beck representing the seller,1515 NW 167 St Holdings, LLC, in the transaction.

The transaction, valued at $15.1 million, marks a significant investment in the South Florida community. Glades Office Park comprises 51,899 square feet of office space across four single-story buildings set on 4.23 acres. The property currently hosts multiple professional office tenants and offers excellent visibility and access from the Palmetto Expressway.

Chabad of Mid Miami Beach plans to expand its existing operations by adding classrooms to the property over time, enhancing educational offerings in the area. This acquisition is particularly notable as the buyer owns the adjacent property to the west, facilitating a seamless integration of their expansion efforts.

Jordan Beck commented, “In a market where office space is not the preferred asset type, we successfully identified the perfect buyer, achieving a record price for this property. The buyer’s long-term vision for the site transcends its current income potential, showcasing the value they see in the property for years to come. We’re excited to see the Jewish footprint continue to grow in South Florida.”

This marks the third transaction between Berger Commercial Realty and 1515 NW 167 St Holdings, LLC, further solidifying their partnership. Both parties look forward to the continued development of this relationship and the positive impact it will have on the community.

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