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Category: News

Category: News

Maximizing Your Commercial Property’s Earnings: A Comprehensive Guide to Hassle-Free Management

Posted on by Berger Commercial Realty

The commercial real estate market is always changing, especially in a competitive and highly priced region of South Florida. If you own any kind of commercial rental space, you’re constantly seeking strategies to maximize your return on investment (ROI) and earn more money.

Whether you’re an experienced investor building a scalable portfolio or new to the world of commercial real estate, understanding how to enhance the value of your properties and optimize income is crucial to your success.

We’ve been working with commercial real estate investors in Florida for years, and we have some strategies that we’d like to share around how to maximize your earnings. Let’s take a look at some of the best ways to boost your profitability and secure long-term success.

Understand the South Florida Commercial Real Estate Market

The first step in maximizing your ROI is to have a deep understanding of your local market. Whether you’re local to the area or investing from out of state, you have to understand the trends, shifts, and tenants in this space. To succeed, you’ll need to know:

● Average rental rates, which depending on product type big waves in recent years
● Demand for commercial space
● Types of tenants and businesses who are looking for rental space in your area

You’ll need to be able to recognize a profitable space, a good location, and an functional layout and floor plan for the type of commercial property you are leasing out. You’ll want to know which businesses are doing well and which are struggling; this will help you choose the right tenants.

By staying informed about market trends and economic factors, you can make educated decisions about setting competitive rental prices and choosing the right improvements to attract quality tenants.

Invest in Strategic Property Improvements

It doesn’t matter if you’re renting out office space or retail space or even industrial space; the building or the area must be attractive to the tenants you’re hoping to bring in. It’s crucial to invest in your property’s appearance, curb appeal, and functionality because this will significantly increase your rental’s value and appeal to potential tenants.

Consider upgrades that modern businesses look for, such as high-speed internet capabilities, eco-friendly features, or flexible workspace designs. Remember, the goal is to make your property stand out in the market while also addressing practical needs that can command higher rents.

Be willing to make improvements at the request of your incoming tenants, too. You’ll want to provide a customized space that fits their needs and their business model. By choosing a commercial investment property that has the potential for ongoing improvements, upgrades, and changes, you’ll have a better chance at ensuring a market return.

The Impact of Technology on Commercial Real Estate Earnings

The growth of technology has dramatically transformed the commercial real estate landscape, offering property owners innovative ways to enhance their ROI.

We strongly recommend that you use technology both as an amenity to attract tenants and as a way to manage your property’s functions and maintenance.

Smart building technologies, for instance, can significantly reduce operating costs and increase a building’s appeal. Features like energy-efficient lighting, automated HVAC systems, smart thermostats, and advanced security systems not only attract modern and evolving tenants but also promise lower energy bills and maintenance costs.

If you have not already explored the Internet of Things (IoT), take a look at the way this technology can make predictive recommendations about energy usage, water consumption, and maintenance needs.

You’ll find that the integration of property management software streamlines operations, from tenant communication to maintenance requests, ensuring a smoother, more efficient management process. By leveraging technology, commercial rental property owners can stay ahead of the curve, offering cutting-edge accommodations that meet the expectations of modern businesses. You’ll earn more because you waste less time managing details. Automation invites more efficiency, and efficiency leads to profitability.

Utilize Effective Risk Management Strategies

You cannot increase your earnings when you’re bogged down in lawsuits and paying penalties for expensive legal mistakes.

Risk management is a critical aspect of owning commercial rental property, and it’s a good way to protect what you earn.

A good risk management plan will reduce liability, protect your assets, and ensure financial stability.

Here are a few tips to effectively manage risks associated with your investment:

● Diversify Your Portfolio. Avoid putting yourself at risk by focusing too much on one particular property type, only one location, or a specific industry that’s subject to dramatic highs and lows. Owning commercial properties in different
areas or sectors can mitigate the risk if one investment faces challenges.

● Conduct Regular Property Inspections. By keeping eyes on your property, you can see where you are potentially losing money. Regularly inspecting your property can help identify and address maintenance issues before they escalate into costly repairs or lead to tenant disputes.

● Implement Strict Tenant Screening. Thoroughly screen potential tenants by conducting background checks, verifying financial stability, and assessing their business’s health. A reliable tenant is less likely to default on rent and more likely to take care of your property. This protects both your property and your income.

● Get Adequate Insurance Coverage. Ensure you have comprehensive insurance coverage, including property damage, liability, and loss of income insurance, to protect against unforeseen events.

● Stay Compliant with Regulations. Stay one step ahead (at least) of any local and federal regulations affecting commercial real estate to avoid legal issues and fines. Compliance adds to your property’s credibility and appeal.

Incorporating these risk management strategies can significantly contribute to securing your investment’s profitability and longevity.

Optimize Lease Agreements for Profitable Outcomes

You have a lot of options when it comes to how you structure your commercial lease agreement.

Crafting a lease agreement that benefits both you and your tenants can play a pivotal role in maximizing your ROI. This might involve negotiating terms that cover maintenance costs, implementing annual rent increases, or offering longer lease agreements for a reduced rate to ensure steady cash flow. A well-thought-out lease agreement can also minimize vacancies and turnover costs.

Talk to a property manager who specializes in commercial real estate so you can be sure you’re getting everything you can from your lease agreement. Also, always consult a real estate attorney who specializes in commercial leases before entering into a lease.


Employ Effective Marketing Strategies

Avoiding vacancy and tenant turnover is a great way to maximize what you’re earning in the short and long term. The best way to do that is to retain tenants at a market rate.

To attract the best tenants and fill vacancies quickly, you need a solid marketing plan. This could involve:

● Hiring a professional photographer to capture high-quality images of your property
● Utilizing online platforms to reach a wider audience, including social media
● Networking with local businesses and commercial real estate agents

Effective marketing not only fills vacancies faster but can also help you secure higher-paying tenants. You want to get as much exposure for your available commercial properties as possible.

The Impact of Location on Commercial Rental Properties

The location of your commercial rental property plays a foundational role in determining its success and profitability.

A prime location not only attracts a better pool of tenants but can also command higher rental rates. Key factors that define a prime location include:

● Accessibility
● Visibility
● The economic health of the area
● Proximity to complementary businesses and services

Properties situated in business districts, near transportation hubs, or adjacent to successful commercial establishments tend to experience lower vacancy rates and higher demand. Conversely, properties in less desirable locations may struggle to attract and retain tenants, necessitating lower rental rates to stay competitive.

Take the time to research the dynamics of location before you invest. The influence of location on commercial real estate can empower property owners to make strategic investment decisions, potentially leading to significant increases in ROI.

Invest in Efficient Commercial Property Management

Efficient property management is key to maximizing ROI. This includes regular maintenance to avoid costly repairs, promptly addressing tenant concerns to maintain satisfaction, and employing effective tenant screening processes to ensure reliable occupants.

Consider hiring a professional property management company if you’re unable to manage these tasks yourself; the investment can save you time and money in the long run. You’re benefiting from the systems, processes, and technology that a property manager already has in place; leveraging resources and relationships. More than that, you’re getting the experience in the industry and the local market that can be especially valuable when you’re trying to earn more and spend less with your commercial investments.

Maximizing ROI requires a strategic approach that depends on your specific property and market. By understanding your market, making strategic property improvements, optimizing lease agreements, employing effective marketing strategies, implementing efficient property management practices, and staying compliant with regulations, you can significantly enhance the profitability of your commercial rental property.

There are a lot of additional ways to ensure you’re maximizing what you earn. Success and profitability is not just about acquiring new properties; it’s about improving and promoting the properties that are already in your portfolio.

If you have any questions on how to earn more money with your commercial investment property, we’re the property management experts in South Florida you want to speak to. Contact us at Berger Commercial Realty. We work with owners and investors in Fort Lauderdale, Palm Beach, and the surrounding areas.

Hurricane Preparedness for Commercial Real Estate Owners in South Florida

Posted on by Berger Commercial Realty

South Florida, with its beautiful beaches and thriving economy, is also highly susceptible to hurricanes. As a commercial real estate owner in this region, preparing for hurricane season is essential to protect your property, tenants, and business continuity. This guide offers comprehensive steps to ensure you are well-prepared for any hurricane that might come your way.


Understanding the Risks
Hurricanes can cause extensive damage through high winds, storm surges, and flooding. In South Florida, the hurricane season runs from June 1 to November 30, with the peak period from August to October. The intensity and frequency of hurricanes make it crucial for commercial property owners to have a robust preparedness plan in place.


Essential Preparedness Steps

1. Risk Assessment and Planning
Conduct a Risk Assessment: Evaluate the vulnerability of your property to hurricane-related hazards such as wind damage, flooding, and storm surges.

Develop an Emergency Plan: Create a comprehensive emergency plan that includes evacuation routes, communication strategies, and roles and responsibilities for staff.

Review Insurance Policies: Ensure your property insurance covers hurricane damage. Consider additional flood insurance if your property is in a flood-prone area.

2. Structural Reinforcements
Strengthen Building Exteriors:** Install storm shutters, reinforce windows and doors, and ensure the roof is securely fastened.
Clear Debris: Regularly inspect and clear debris from gutters, downspouts, and drains to prevent blockages that can lead to flooding.

Secure Outdoor Equipment: Anchor or store outdoor equipment and furniture to prevent them from becoming projectiles during high winds.

3. Protecting Critical Systems
Backup Power Supply: Invest in generators or uninterruptible power supplies (UPS) to ensure critical systems remain operational during power outages.

Protect IT Infrastructure: Backup essential data and ensure servers and other critical IT infrastructure are protected from water damage.

4. Tenant Communication and Coordination
Inform Tenants: Keep tenants informed about your hurricane preparedness plans and any specific actions they need to take.
Establish Communication Channels: Set up reliable communication channels, such as email alerts, text messages, or a dedicated hotline, to keep tenants updated during a hurricane.

5. Emergency Supplies and Resources
Stock Emergency Supplies: Maintain a stock of emergency supplies, including first aid kits, flashlights, batteries, non-perishable food, and water.

Access to Emergency Services: Ensure you have contact information for local emergency services, contractors, and utility companies readily available.

6. Post-Hurricane Recovery
Damage Assessment: Conduct a thorough inspection of your property to assess and document any damage for insurance claims.

Clean-Up and Repairs: Prioritize clean-up and repairs to ensure the safety and usability of your property as soon as possible.
Business Continuity Plan: Implement your business continuity plan to minimize disruption and resume operations swiftly.

Berger Commercial Realty’s award-winning team of property managers is well-equipped to assist commercial real estate owners in South Florida with hurricane preparedness and recovery. Our expertise and experience ensure that your property is safeguarded before, during, and after a hurricane. Here’s how we can help:

• Berger’s property managers can develop and implement detailed hurricane preparedness plans tailored to your property’s specific needs and risks.
• We conduct thorough risk assessments to identify vulnerabilities and recommend appropriate mitigation measures.
• The team ensures timely and effective communication with your tenants, providing them with essential information and guidance before, during, and after a hurricane.
• Berger’s property managers coordinate with local emergency services, contractors, and utility companies to ensure a swift and efficient response.
• We oversee damage assessments, manage clean-up and repair efforts, and facilitate insurance claims to expedite the recovery process.


By partnering with Berger Commercial Realty, you can have peace of mind knowing that a professional and experienced team is handling your hurricane preparedness and recovery, allowing you to focus on your business operations and tenant well-being.


Hurricane preparedness is not just about protecting your commercial property; it’s about ensuring the safety of your tenants and maintaining business continuity. By following these steps and leveraging the expertise of Berger Commercial Realty’s property managers, commercial real estate owners in South Florida can mitigate risks and be better prepared to handle the challenges posed by hurricane season. Stay proactive, stay informed, and prioritize preparedness to safeguard your investments and community.

Florida Senate Bill 50: Nearly 50% Reduction in Commercial Lease Tax Effective June 2024

Posted on by Berger Commercial Realty

On June 1, 2024, Florida Senate Bill 50 took effect, resulting in a significant reduction in the state’s commercial lease tax. The bill reduces the tax rate from 4.5% to 2%, marking a nearly 50% decline. This change will have a notable impact on office, retail, and industrial leases across the state. However, it is important to note that this reduction does not affect local fees or taxes, which can range between 0.5% and 1.5%.


Florida Senate Bill 50 was introduced with the goal of easing the financial burden on businesses that lease commercial properties. By reducing the state’s portion of the commercial lease tax, the bill aims to stimulate economic growth and attract more businesses to Florida. The commercial lease tax, often seen as a significant operating expense for businesses, will now be substantially lower, allowing companies to allocate more resources towards growth and development.
The reduction in the commercial lease tax is poised to have several positive impacts on businesses operating in Florida:

• Cost Savings: Businesses leasing commercial properties will see a direct reduction in their leasing costs, providing immediate financial relief.
• Increased Investment: The savings from the reduced tax rate can be reinvested into business operations, potentially leading to expansion, hiring, and other growth initiatives.
• Competitive Advantage: Florida’s lower commercial lease tax could attract more businesses to the state, enhancing its appeal as a business-friendly environment.


Sector-Specific Impacts
• Office Leases: Companies leasing office spaces will benefit from reduced operational costs, making it more affordable to maintain and expand office facilities.
• Retail Leases: Retailers, who often operate on tight margins, will gain financial flexibility, which can be used to improve their stores or expand their presence.
• Industrial Leases: Industrial tenants, including manufacturers and logistics firms, will see reduced costs, potentially leading to increased industrial activity and job creation.


Florida Senate Bill 50 represents a significant shift in the state’s approach to commercial lease taxation. By nearly halving the state tax rate, the bill provides substantial financial relief to businesses, fostering a more conducive environment for economic growth. While local taxes and fees will remain unaffected, the overall reduction in the commercial lease tax burden is a positive development for Florida’s business community. As the bill takes effect on June 1, 2024, businesses can look forward to the benefits of reduced leasing costs and the potential for increased investment and expansion.

Berger Commercial Realty’s Keith Graves, Jonathan Thiel Represent Buyer In Purchase Of Ocala Office Building

Posted on by Berger Commercial Realty

Berger Commercial Realty/Corfac International Senior Vice Presidents Keith R. Graves, CCIM, SIOR and Jonathan Thiel, in conjunction with Randy Buss, SIOR with NAI Heritage, LLC, represented Seller RAS-OCALA, LLC in the sale of a 23,636-square-foot office building, situated on 3.67 acres at 4755 SW 46th Court in Ocala, Florida.


KTJZ Partners IV, LLC paid $5,400,000 for the single-story asset, which is located within proximity to HCA Florida West Marion Hospital. The Buyer plans to transform the building into medical related use and integrate it as an extension of the HCA medical campus. It was previously leased to Rasmussen College.


Berger Commercial Realty Corp. has a long, multi-market relationship with the Seller, and worked in partnership with Randy Buss via the SIOR network to successfully complete this sale,” commented Graves.


“The purchase and its transformation allows for continued growth of this important regional medical facility,” added Thiel.


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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.

Michael Feuerman, Managing Director, Elected to SIOR Board of Directors

Posted on by Berger Commercial Realty

Berger Commercial Realty is proud to announce that Michael Feuerman, Managing Director, has been elected as member-at-large to the Board of Directors for the Society of Industrial and Office Realtors (SIOR).


With over 20+ years of experience in the commercial real estate industry, Feuerman has established himself as a respected leader and expert in his field. His commitment to excellence, integrity, and professionalism has earned him recognition among peers and clients alike.


His role as a member-at-large on the SIOR Board of Directors, Feuerman will bring his wealth of knowledge and expertise to the table, contributing to the strategic direction and initiatives of the organization. He will work along side other industry leaders to uphold SIOR’s mission of promoting the highest standard of professionalism, ethics, and excellence in commercial real estate.


Feuerman expressed his gratitude for the opportunity to serve on the board, stating, “I am honored to have been elected as member-at-large to the SIOR Board of Directors. I look forward to collaborating with my esteemed colleagues to further SIOR’s mission and support the continued growth and success of the commercial real estate industry”.

Berger Commercial Realty’s Graves, Thiel & Oxenberg Negotiate 8,400 SF Industrial Lease Deal, Bring Prospect Park II To 88% Occupied

Posted on by Berger Commercial Realty

Berger Commercial Realty/Corfac International Senior Vice Presidents Keith R. Graves, CCIM, SIOR and Jonathan Thiel, and Vice President Lawrence Oxenberg, negotiated a 8,380-square-foot flex/industrial lease on behalf of the landlord, AKF3 SF LIGHT INDUSTRIAL LLC % ADLER KAWA REAL ESTATE ADVISORS.


Terracon Consultants, Inc., an engineering and consulting firm, will occupy the space at Prospect Park II, located at 3347-3355 NW 55th Street in Fort Lauderdale, Florida, relocating from its location within the business park. The landlord was able to combine 4 smaller units into one contiguous space specifically for the tenant, which plans to utilize the space as an office and lab.


Other lease deals recently executed in the building totaling 27,157, bringing the occupancy to 88% include:


• Flite (Fort Lauderdale Independence, Training & Education) Center renewed its 11,057-square-foot lease and expanded by 4,948 square feet.

• Dare To Be Vintage renewed its lease for 4,105 square feet.

• Safeway Moving Systems executed a new lease for 2,361 square feet.

• 2 Lyons  Aerospace LLC renewed its lease for 1,640 square feet.

• Complex Apparel, LLC renewed its lease for 1,583 square feet.

• Accredo Health Group, Inc. renewed its lease for 1,463 square feet.


Located within Fort Lauderdale Commerce Center, Prospect Park II consists of eight buildings totaling 82,198 square-feet of office and flex space with bays ranging from 902 square feet to 5,589 square feet. Renovated over the past two years, Prospect Park II features contemporary designs and enhanced curb appeal.

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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.

Berger Commercial Realty Welcomes New Senior Property Manager, Rosemary Miguel

Posted on by Berger Commercial Realty

Berger Commercial Realty Corp. is excited to announce the addition of Rosemary Miguel as Senior Property Manager. Rosemary brings with her a wealth of experience and a proven track record in the management of commercial properties throughout South Florida.


Prior to joining Berger Commercial Realty, Rosemary served as a Commercial Property Manager at Longpoint Property Group in Plantation, FL, where she managed a diverse portfolio of retail and industrial properties in Miami Dade. Her responsibilities included routine property inspections, budget management, financial reporting, tenant relations, and lease compliance, among others.


Rosemary’s early career also includes significant roles at Stanley Black & Decker, Intel Corporation, and Comprehensive Clinical Development, where she developed skills in executive management, vendor negotiations, and operations.


She holds a Bachelor of Arts in Business Administration from Carlos Albizu University, Miami, and an associate degree from Miami Dade Community College.


“We are thrilled to have Rosemary join our team,” said Lloyd C. Berger, President of Berger Commercial Realty. “Her extensive experience and proactive approach to property management are invaluable assets that will enhance our service delivery and operational efficiency.”

Berger Commercial Realty’s Steve Hyatt Negotiates Sale Of Auto Dealership Property For $11 Million

Posted on by Berger Commercial Realty

Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt represented the Seller, Holman Automotive, Inc., in the sale of an automobile dealership property situated on 1.09 acres located at 2125 South Federal Highway in Fort Lauderdale, Florida.


The Buyer, HN Properties FTL, LLC, paid $11,000,000 for the property.


The transaction closed April 17.


The 55,000-square-foot automotive retail property was formerly occupied by the MINI franchise, which relocated to the new Lauderdale BMW dealership located 7 blocks north.


The two-story property, which features a prominent Federal Highway location, was completely renovated in 2016 with a new modern façade and upgraded interior finishes. The property also includes a 100-car parking garage.


The Buyer plans to utilize the property for an automobile dealership for both new and used cars as an exclusive dealer for the all- electric and iconic MOKE franchise as well as other high-end luxury and exotic used vehicles.


HN Properties FTL, LLC was represented by Steven Seigel of The Luxury Team at Compass Florida, LLC


Hyatt, who originally sold this property to Holman Automotive in 2014, has extensive experience in the automotive retail industry and has represented multiple dealership groups with their real estate needs in South Florida and across multiple national markets. Prior to Berger, Hyatt served as a corporate development executive with publicly traded AutoNation (NYSE: AN) from 1996 to 2008.


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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.

Berger Commercial Realty’s Jonathan Thiel Reps Seller In $11,000,000 Off-Market MOB Sale To North Broward Hospital

Posted on by Berger Commercial Realty

Berger Commercial Realty/Corfac International Senior Vice President Jonathan Thiel represented the Seller in the purchase of a 37,475-square-foot medical office property located at 9600 W. Sample Road in Coral Springs, Florida.


North Broward Hospital, who was represented by Alex Brown with Colliers International South Florida, paid $11,000,000 to Eden Sample, LLC for the asset. North Broward Hospital plans to occupy the entire building. The 1978-built, 5-story office building currently has a mix of office and medical and medical tenants. The property is located off of West Sample Road within the center of Coral Springs and within minutes from I-95.


“This was an off-market sale where the brokers saw a unique opportunity, giving the timing, to bring the parties together,” commented Thiel.


“It was a pleasure working with Jonathan Thiel from Berger Commercial and the buyer,” added “David Harari, the Seller. “It is great seeing the growth of Broward Health from being a long-term tenant to now acquiring the building for themselves.”

The deal closed March 1.


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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.

Berger Commercial Realty’s George Gammon, Jordan Beck Rep Buyer In Purchase Of Fort Lauderdale Industrial Building

Posted on by Berger Commercial Realty

Berger Commercial Realty/Corfac International Sales Associate George Gammon and Senior Vice President Jordan Beck represented the Buyer in the purchase of a 14,607-square-foot industrial building located at 811 NW 57th Place in Fort Lauderdale, Florida.


FLL 811, LLC purchased The Champion Controls Building from 811 Building LLC for $2.750,000. The 1979-built, single tenant property, which served as the manufacturing and distribution warehouse for Champion Controls, was renovated in 2010 and features 20% office buildout, 12-14’ ceiling heights, 2 loading docks, 600 Amp-3 phase power and 31 parking spaces. The company will continue to lease and thrive in this location.


The transaction closed March 1.


“The deal benefited both the Buyer and the Seller, resulting in a sale-leaseback, potentially for the next 20 years,” explained Gammon.


The sale marks the first investment sales transaction for Gammon and hopefully the first of many future transactions with FLL 811, LLC and Berger Commercial.


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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.

Berger Commercial Realty’s St. George Guardabassi, Jordan Beck Rep Seller In Sale Of Complete City Block For $15.2 Million

Posted on by Berger Commercial Realty

Berger Commercial Realty/Corfac International Senior Vice Presidents St. George Guardabassi and Jordan Beck represented the Seller in the sale of a portfolio of properties situated on 2.66 acres of land in Fort Lauderdale, Florida.


The Seller, 4451 Associates and associated entities, sold the parcels, widely known as the Hill York property, to Andrews Apartments, LLC for $15,200,000.


The properties, which comprise a complete city block of various industrial and office buildings with nearly 300 feet of frontage on South Andrews Avenue, are located just south of SE 17th Street Causeway.


The Seller owned and successfully operated Hill York HVAC on the site for over 40 years. After selling the business, the Seller retained the real estate in order to capitalize on the land value.


The Buyer plans to redevelop and build 250 multifamily apartments on the site.


“This transaction marks one of the first following the increased density approvals for the S-RAC zoning, which is helping the City achieve its goal of driving development to the south side of New River, similar to the Progresso/Flagler neighborhoods to the North,” explained Guardabassi.


“The transaction also sets a new benchmark price of just over $130 per square foot in this area,” added Beck. “It also marks the extension of development along Andrews Avenue South of New River near Broward General Hospital.”


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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.

Berger Commercial Realty Announces Strategic Leadership Promotions: Jordan Beck and Jonathan Thiel Promoted to Senior Vice Presidents, Lawrence Oxenberg Promoted to Vice President

Posted on by Berger Commercial Realty

Berger Commercial Realty, a distinguished
leader in the commercial real estate sector, proudly announces strategic
promotions within its leadership team. Jordan Beck and Jonathan Thiel have been
elevated to the esteemed positions of Senior Vice President, showcasing their
outstanding contributions to the organization’s success. Additionally, Lawrence
Oxenberg, a dedicated sales associate, has been promoted to the role of Vice
President.

These promotions reflect Berger
Commercial Realty’s commitment to recognizing and rewarding exceptional talent.
Jordan Beck and Jonathan Thiel, in their roles as Senior Vice Presidents, bring
a wealth of experience, leadership, and expertise to their positions, further
strengthening the company’s position in the commercial real estate market.
Lawrence Oxenberg’s promotion to Vice President recognizes his significant
contributions and dedication to the firm’s success.

Lloyd C. Berger, President of
Berger Commercial Realty, expressed his confidence in the newly appointed
leaders, stating, “We are thrilled to announce the well-deserved
promotions of Jordan Beck and Jonathan Thiel to Senior Vice Presidents, and
Lawrence Oxenberg to Vice President. Their outstanding commitment, expertise,
and leadership have played integral roles in our continued growth and success.
As we elevate them to these positions, we are confident that their vision and
dedication will contribute significantly to our ongoing mission of excellence
in the dynamic world of commercial real estate.”

Berger Commercial Realty
continues to thrive with a team that exemplifies the highest standards of
professionalism, innovation, and client-focused service.

Berger Commercial Realty’s Steve Hyatt, Brian Batchelder Negotiate Sale Of Pompano Beach Office Building For $12,750,000

Posted on by Berger Commercial Realty

Longpoint(1)

Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt and Vice President Brian Batchelder represented the Seller, Federal Tower, Inc., in the sale of Federal Tower, located at 1600 South Federal Highway in Pompano Beach, Florida.

Buyer Vera Fund, LLC paid $12,750,000 for the 68,711-square-foot office building, equating to nearly $186 per square foot. The buyer was represented by Nick Polyushkin, CEO and Founder of Vera Realty.

The transaction closed January 23.

Built in 1976, the iconic blue glass building is a highly prominent, 11-story Class B office building situated on 2.3 acres, with a strong history of high occupancy with long term tenants. It is located on the southern border of Pompano Beach and northern border of Fort Lauderdale within close proximity to two major hospitals – Imperial Point Hospital and Holy Cross Medical Center – and to upscale residential neighborhoods of Bay Colony and Imperial Point.

The Buyer plans to renovate the building and attract additional medical and small office tenants. There is also potential for long term redevelopment of the entire site.

“Well-located office buildings with a larger percentage of medical-related tenants continue to be a favorite asset class,” explained Hyatt. “For obvious reasons, medical real estate has not been impacted by the post Covid- work-from-home trend that has negatively affected other office assets.”

This is the third property that Hyatt and Batchelder have sold on behalf of this client.

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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.

Longpoint Partners Names Berger Commercial Realty Exclusive Leasing Representative For 425,000 SF Broward Industrial Building Portfolio

Posted on by Berger Commercial Realty

Berger Commercial Realty/Corfac International has been entrusted as the exclusive leasing representative for a portfolio of industrial properties in Broward County. This assignment comes on the heels of BCRC’s successful representation of two other assignments for LongPoint which totaled 117,000 sqft.


Senior Vice Presidents Keith R. Graves, CCIM, SIOR and Jonathan Thiel as well as Sales Associates Daniel Forman and Lawrence Oxenberg will spearhead the leasing initiatives for a diverse range of buildings within the portfolio, each showcasing unique characteristics and strategic locations. Highlighted properties in the portfolio include:


• Parkway Commerce Center, comprising 239,348 square feet, located at 1919 NW 19th Street in Fort Lauderdale
• Prospect Park, spanning 75,770 square feet, situated at 3420-3470 NW 53rd Street in Fort Lauderdale
• Lauderhill Commerce Center, totaling 53,298 square feet, positioned at 3645-3699 & 3698 ½ N 15th Street & NW 167th Street in Lauderhill
• Palm Crossing North, encompassing 56,559 square feet, found at 3520-3560 NW 56th Street in Fort Lauderdale


This exclusive leasing role follows Longpoint Partners’ recent purchase of a Dade and Broward portfolio of 1,393,972 sqft from Seagis Property Group, headquartered in Pennsylvania. Longpoint Partners is a well-established, Boston-based real estate private equity firm.


Speaking on the selection of Berger Commercial Realty, Senior Vice President Keith R. Graves comments, “Our appointment reflects Longpoint’s confidence in Berger Commercial Realty’s proven track record and expertise in the South Florida market. With 424,974 leasable square feet in the industrial portfolio, we are poised to recalibrate rents to market norms and help to strategically reposition these assets, thereby enhancing investor value and maximizing the portfolio’s potential.”


For leasing information please contact Berger Commercial Realty at 954-358-0900.

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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 (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.

Berger Commercial Realty Welcomes Energy Company To Prospect Park II

Posted on by Berger Commercial Realty

Berger Commercial Realty/Corfac International Senior Vice Presidents Keith R. Graves, CCIM and Jonathan Thiel, along with Sales Associate James Karrat, represented the landlord, AKF3 SF LIGHT INDUSTRIAL LLC % ADLER KAWA REAL ESTATE ADVISORS, in executing a ±7,229 lease at Prospect Park II, located at 3438-3453 NW 53rd Street in Fort Lauderdale, Florida.


The tenant, Albireo Energy, LLC, a subsidiary of Albireo Holdings, Inc., is a leading independent building controls and energy services provider. Peter Sheridan with JLL represented Albireo Energy in the lease deal.


“Albireo was attracted to the Park’s central location, proximity to I-95 and Florida’s Turnpike,” explained Graves. “With the flexibility at the park, the landlord was able customize a space that suited the tenant perfectly.”


Located within the Fort Lauderdale Commerce Center, Prospect Park I, located at 5201-5255 NW 33rd Avenue, consists of six buildings and features prime office suites ranging from 1,178 square feet to 4,719 square feet.


Prospect Park II consists of eight buildings totaling 81,925 square-feet of office and flex space with bays ranging from 902 square feet to 5,589 square feet. Renovated over the past two years, Prospect Park II features contemporary designs and enhanced curb appeal.


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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 (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.

End of Year Message From Berger Commercial Realty’s President, Lloyd C. Berger

Posted on by Berger Commercial Realty

As we approach the end of 2023, I find myself filled with gratitude and appreciation for the incredible journey we’ve shared together at Berger Commercial Realty. It is my privilege, to reflect on the milestones, collaboration, and successes that have defined our collective efforts throughout this year.


To our esteemed clients, your trust and confidence in our services drive us to continually raise the bar. Your goals became our mission, and your success became our shared victory. Thank you for entrusting us with your vision, and we look forward to contributing to your continued success in the coming year.


To our dedicated vendors and partners, your unwavering commitment and professionalism have been instrumental in the seamless execution of projects and transactions. Your expertise and collaborative spirit have fortified our ability to deliver exceptional results. Our shared achievements would not have been possible without your hard work and dedication.


As we approach the New Year, let us carry forward the lessons learned and the achievements earned in 2023. I am confident that the coming year will bring even greater opportunities for growth and collaboration.


May the holiday season bring joy, and well-deserved rest to you and your loved ones. Here’s to a prosperous New Year filled with exciting ventures, fruitful partnerships, and continued success.


Your support has been the cornerstone of our achievements, and we eagerly anticipate the opportunities that the future holds.


Wishing you a joyous Holiday Season and a Happy New Year!

Berger Commercial Realty’s Jordan Beck Reps Buyer In $9.2 Million Industrial Property Purchase

Posted on by Berger Commercial Realty


Berger Commercial Realty/Corfac International Vice President Jordan Beck represented the buyer, 2700 Gateway LLC, in the purchase of a 45,000-square-foot industrial property.


Located at 2700 Gateway Drive in Pompano Beach, Florida, the building features dock high loading, 18.5-foot clear height, and a fenced yard area.


2700 Gateway LLC paid $9,177,500 to the seller, Alliance 2700 Gateway LLC, which was represented by Tony Hoover of CBRE.

The transaction closed November 22.


A roofing company occupies about a third of the property. The buyer intends to occupy the remainder of the property, which perfectly accommodates the buyer’s growing business, Zev Supplies, which sells and distributes breast pumps nationally.


“Alliance purchased the property 2 years ago and has completed a substantial number of upgrades, including an environmental cleanup and leasing a portion of the property, which has allowed for a substantial amount of value to be delivered to the buyer and a great return on investment to the seller,” explained Beck.


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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.

Berger Commercial Realty’s Jordan Beck Negotiates Sale Of 8-Building Portfolio In Oakland Park

Posted on by Berger Commercial Realty

Berger Commercial Realty/Corfac International Vice President Jordan Beck represented the seller, INFINITY OAKLAND PARK INDUSTRIAL LLC, an entity managed by Shane Decker and Brett Schlachter, in the sale of an 8-building small-bay warehouse portfolio located in Oakland Park, Florida.

Dependable Equities, an entity managed by Isaac Schlesinger, intends on holding the property long term as an investment.

The portfolio, which totals 65,000 square feet, includes the following buildings:

4760-4774 NE 12th Ave, a 12,982-square-foot industrial/warehouse

4801 NE 12th Ave, a 6,127-square-foot flex building

4820-4826 NE 12th Ave, a 5,000 square foot industrial/warehouse

4828-4840 NE 12th Ave, an 8,282-square-foot flex building

4850 NE 12th Ave, a 5,611-square-foot flex/light distribution building

4852-4856 NE 12th Ave, a 6,879-square-foot flex/light distribution building

4860-4864 NE 12th Ave, a 4,855-square-foot

and 4861-4875 NE 12th Ave, a 3,939-square-foot industrial warehouse

The buildings, which were built in 1967-1971, are currently occupied by a variety of small businesses that occupy 1,500-3,000-square-foot units and are conveniently located within 20 minutes of Fort Lauderdale–Hollywood International Airport.

“This addition supplements their existing portfolio pretty well,” commented Beck. “We sold them 64,000 square feet about 2 minutes away from this new portfolio a couple of years ago.”

The portfolio was purchased by Decker and Schlachter in November 2021 for $8,000,000.

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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.

About Infinity Properties: Known for its vertical integration and industry leading property and asset management, Infinity Properties stands out as a the top buyer and operator in the light and shallow bay industrial real estate sector.  Over the past three years, the company has swiftly added a remarkable 1.5 million square feet to its Florida portfolio, solidifying its position as a leading expert in this niche asset. As they ambitiously extend their presence across the nation, Infinity Properties remains the preferred choice for Seller’s who want a smooth and easy transition of their asset. For new deals please email Shane Decker at [email protected].

Berger Commercial Realty’s Stephen Hyatt Reps Lighthouse Of Broward In Purchase Of New HQ Building

Posted on by Berger Commercial Realty



Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt represented Lighthouse of Broward in the purchase of the former Brightstar Credit Union Headquarters located at 5901 Del Lago Circle in Sunrise.


Brightstar Credit Union sold the 23,185-square-foot building, which served as its executive offices, for $6,200,000. The 2002-built building is situated on 2.02 acres. Brightstar recently relocated to a new 70,318-square-foot headquarter office in Cooper City, Florida.


The newly purchased building will serve as Lighthouse of Broward’s administrative offices and training center for the blind and visually impaired.


Chris Wood with CBRE and Zach Wendelin, who is now with JLL, represented Brightstar in the transaction.


Hyatt negotiated the sale of the Lighthouse of Broward‘s building located at 650 North Andrews Avenue in Fort Lauderdale, Florida, and attorney George Moraitis of Moraitis, Cofar, Karney, Moraitis & Quailey handled all legal review. Both Moraitis and Hyatt represented Lighthouse of Broward, the preeminent nonprofit in Broward County serving the blind and visually impaired, in the pro bono transaction. The transaction of the ±11,125-square-foot office property, located on a highly visible corner in the heart of the booming Flagler Village area, closed February 22, 2023. The buyer paid $12,650,000 for the property.


“Because of the very successful sale of its downtown location, Lighthouse of Broward County was able to acquire a high-quality, fully-furnished headquarters twice the size of its current location for half the price in a more centralized location to better serve all of Broward County,” commented Hyatt. “The remaining funds will be used for minor renovations with the bulk of the additional proceeds placed in an endowment to fund future services for the blind and visually impaired.”


Lighthouse of Broward President and CEO Ellyn Drotzer, MSW, LCS added that the larger, more accessible space has will enable the organization to connect with additional members of the community who face vision issues.


“This is an amazing opportunity to help more people who are blind and visually impaired become more independent and productive through specialized rehabilitation, life skills training and employment opportunities,” said Drotzer. “Our new space will accommodate robust programming, additional learning opportunities and more space for client socialization. We look forward to moving into our new building next year and are grateful to both Steve and the Berger team for their expertise, and George Moraitis for his stellar legal services.”


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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.

About the Lighthouse of Broward: The Lighthouse of Broward provides free specialized rehabilitation, life skills training, and employment opportunities to enhance the independence, productivity and dignity of children and adults who are blind or visually impaired. For more information, visit www.lhob.org or call (954) 463-4217.

Berger Commercial Realty’s Keith Graves, Lawrence Oxenberg Negotiate 25,000 SF Sublease On Behalf Of Sun-Sentinel

Posted on by Berger Commercial Realty

Berger Commercial Realty/Corfac International Senior Vice President Keith R. Graves, CCIM, SIOR and Sales Associate Lawrence Oxenberg negotiated a 24,632-square-foot sublease on behalf of sub-landlord Sun-Sentinel Company LLC at 333 SW 12th Avenue in Deerfield Beach, Florida.


TrueCoverage, LLC, an insurance marketplace that delivers affordable health insurance from over 600 top insurance company partners, will occupy the space.


The 1988-built property is occupied by Sun-Sentinel Company LLC as a printing plant and distribution center and includes a 2-story office component, as well. The 383,124-square-foot property features 35’ clear ceiling height, dock and grade level loading and is situated on 23.03 acres. Besides the Sun Sentinel, the other papers now being printed at the facility include the New York Daily News, New York Times, New York Post, Wall Street Journal, and the weekly Barron’s financial publication.


“TrueCoverage was attracted to the property given its strategic location within proximity to I-95, Florida’s Turnpike, Sawgrass Expressway and the Tri-Rail station,” explained Graves. “Additionally, the floor plan was well-suited for their operations.”


“The tenant has other locations across the US. This new location will expand operations within Florida and enhance customer service,” added Oxenberg.


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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.