News Archives

Berger Commercial Realty Brokers Facilitate 19,753 SF Lease Agreement on Behalf of Prologis

Posted on July 24, 2023 by Berger Commercial Realty

Berger Commercial Realty/CORFAC International, a leading commercial real estate brokerage firm, is pleased to announce the successful completion of a lease agreement on behalf of Prologis, a global logistics real estate provider. The lease encompasses a newly acquired industrial property located at 2525 Davie Road in Davie, FL.

Senior Vice Presidents Keith R. Graves, CCIM, SIOR, and Jonathan Thiel of Berger Commercial Realty played a pivotal role in negotiating and executing this transaction for Prologis. Leveraging their extensive industry expertise and commitment to delivering exceptional results, Graves and Thiel ensured a seamless completion of the lease agreement.
The leased property is situated within the Westport Business Park, strategically located to optimize the efficiency and effectiveness of supply chain operations. This master-planned business park features three buildings and offers exceptional amenities, including Dock High distribution space and flex/showroom space, designed to cater to the evolving needs of businesses in the area.

Marmia Food, LLC, a well-established food distribution business, has become the tenant in this lease agreement. With their unwavering commitment to delivering quality products, Marmia Food, LLC will greatly benefit from this strategic location in Davie, FL. The newly leased industrial property at 2525 Davie Road will serve as a robust operational hub, enabling Marmia Food, LLC to efficiently expand its distribution network and serve its growing customer base.
The tenant was represented by Parvani Commercial Group.

“We are thrilled to have facilitated this lease agreement between Prologis and Marmia Food, LLC,” said Keith R. Graves, CCIM, SIOR, Senior Vice President at Berger Commercial Realty. “This transaction exemplifies our commitment to providing exceptional real estate solutions and fostering mutually beneficial partnerships.”

Jonathan Thiel, Senior Vice President at Berger Commercial Realty, added, “We are proud to have represented Prologis in this transaction and to have assisted in securing a prominent tenant like Marmia Food, LLC. We believe the state-of-the-art facilities at Westport Business Park will provide an ideal environment for their continued success.”

“Businesses operating in South Florida need modern logistics facilities to manage and grow their business,” said Jonathan Guffey, Prologis’ VP and leasing officer. “We appreciate Berger’s hard work on this lease and look forward to supporting Marmia Food and their operations in this facility.”

Berger Commercial Realty continues to strengthen its position as a trusted advisor and leading brokerage firm in the commercial real estate market. With a focus on delivering superior service and achieving optimal results, the company remains committed to facilitating successful transactions for its clients.

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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.

Steve Hyatt of Berger Commercial Realty Facilitates Sale of Spyke’s Groves and Tropical Nursery

Posted on July 17, 2023 by Berger Commercial Realty

Berger Commercial Realty/Corfac International Senior Vice President Steve Hyatt represented the Seller, Peter D. Spyke, as Trustee of the Marion O. Spyke Revocable Trust, in the sale of Spyke’s Groves And Tropical Nursery located at 7250 Griffin Road in Davie, Florida.

National Homebuilder D R Horton, Inc. paid $8,052,750 for a large undeveloped parcel at the former nursery and farmer’s market retail store location totaling 18.6 acres, equating to nearly $433,000 per acre.

The transaction closed June 27.

D R Horton plans to build 51 townhouses and 35 single family homes surrounding a 4-acre lake on the property. Additional amenities include a community pool and playground.

According to the company’s website, H.L. Spyke and a friend from the Navy founded the family business in 1946 under the name Garner & Spyke Fruit Co. in downtown Fort Lauderdale. When Mr. Spyke’s partner left that year, his son Harry H. joined the business, which then became H.L. Spyke & Son Fruit Co. In 1950, the grove in Davie was purchased in an effort to maintain a consistent supply of fresh fruit for the downtown business. People began stopping at the fruit plantation instead of driving into town as Ft. Lauderdale boomed. The grove’s popularity among visitors and residents led to the sale of the downtown location and the concentration of all efforts at the Davie location. When a nearby zoo closed, Spyke and his family took in the homeless animals, which increased the local draw. For a very long time, black bears Toby the Bear and JoJo the Bear entertained tourists from all over the world. After his father passed away in 1959, Harry H. took over the company. He changed its name to “Spyke’s Grove” and guided the company toward new growth. “You just can’t get [it] up north,” people said as they came by to fill their cars up with fresh Spyke’s Citrus. This developed into the gift-delivery of oranges and grapefruit.

“There are very few large development sites available for home development in Broward County,” explained Hyatt. “D R Horton’s project will provide much needed new housing stock geared primarily for young families.”

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Last Space Available at Class A Distribution Center, Bridge Point 595

Posted on July 6, 2023 by Berger Commercial Realty

Berger Commercial Realty Corp./CORFAC International is pleased to announce the last available space at Bridge Point 595, a leading Class A distribution center in Davie/Fort Lauderdale, , offering a prime opportunity for businesses to enhance their operations. Join prestigious tenants such as La Mesa RV, Tire Rack, Shipmonk, and Original Impressions in this state-of-the-art facility that exemplifies excellence.

The first-generation space is comprised of 47,316 +/- Sq. ft., including a new spacious 2,250 Sq. ft. office area. With a commitment to efficiency, the space offers 11 dock-high doors, streamlining the loading and unloading of goods. Its strategic location, just 2 minutes away from I-95 and the FL Turnpike, ensures unparalleled connectivity and accessibility, making transportation and logistics operations seamless and hassle-free.

This class A distribution center provides businesses with a competitive edge. The 32′ clear height within the facility allows for optimal vertical space utilization, ideal for warehousing, manufacturing, and distribution activities. Additionally, the property is equipped with an ESFR suppression system, ensuring the highest level of fire protection and safety for businesses and their valuable assets.
Don’t miss out on this exclusive chance to secure your business’s success. Act promptly to secure the last available space at Bridge Point 595. For more information or to schedule a showing, please contact Keith R. Graves, CCIM, [email protected] and Joseph Byrnes, jbyrnes@bergercommercial.

Director of Property Management, Tim Hackett, Celebrates 15 Years

Posted on July 5, 2023 by Berger Commercial Realty

Berger Commercial Realty/CORFAC International is thrilled to extend our heartfelt congratulations to Director of Property Management Tim Hackett on his remarkable 15th anniversary with our esteemed organization! Tim’s journey with Berger Commercial began in 2008 as a senior property manager, and through his exceptional leadership skills and profound expertise in commercial property management, he swiftly rose to the esteemed position of department director.

As one of the leading independently owned commercial real estate brokerages and property management firms in South Florida, Berger Commercial Realty takes immense pride in its expansive property management portfolio, encompassing over 4 million square feet. Tim’s invaluable contributions as Director of Property Management are instrumental in overseeing a team of more than a dozen proficient property managers who adeptly handle various assignments within our diverse portfolio. His ability to forge strategic alliances with clients and vendors alike, coupled with his consistent ability to attract new business from local property owners and national entities, further solidify his indispensable role within our organization.

Drawing upon an impressive wealth of over two decades of experience in property management, Tim’s resounding success can be attributed to his unwavering dedication to delivering excellence in client service. His unparalleled prowess in project management, tenant relations, and expenditure management have consistently surpassed expectations, cementing his reputation as a true industry virtuoso. Moreover, it is with great pride that we acknowledge Tim’s exceptional ability to manage over 2,100 apartment units across four states for our sister company, Andrews Avenue Residential, demonstrating his expertise in both commercial and residential property management.

Today, we gather to commemorate Tim and his countless contributions to Berger Commercial Realty. With great anticipation, we eagerly look forward to embarking on another decade of resounding triumphs in property management, guided by Tim’s visionary leadership. Congratulations, Tim, on this momentous milestone!

Premier Luxury Freestanding Office Building For Sale in Downtown Fort Lauderdale

Posted on June 14, 2023 by Berger Commercial Realty

We are thrilled to present a truly exceptional opportunity for businesses seeking an extraordinary office space in the heart of Fort Lauderdale. Located at 1201-1207 E Broward Blvd, this unique Class A luxury office building offers an array of custom features and an enviable corner exposure on the well-traveled East Broward Blvd. With its contemporary design, cutting-edge amenities, and prime location, this property stands out as a one-of-a-kind offering in the market.

Built in 2019, this meticulously designed office building showcases exquisite craftsmanship and attention to detail throughout. Spanning approximately 1,750 square feet, the interior boasts a range of custom features to meet the demands of modern businesses. Experience the convenience of a large conference room for meetings, a galley kitchen for refreshments, and even a private recording studio for creative endeavors. The floor plan is thoughtfully configured with three private offices, each finished to the highest standards. Notably, an executive bathroom with a shower adds a touch of luxury and privacy.
Situated on a corner parcel, this property enjoys excellent exposure on the bustling East Broward Blvd. The sale of this office building also includes the adjacent property at 1207 East Broward Blvd, offering an incredible opportunity for expansion and development. The property is currently a fully occupied four-unit income-producing apartment building, providing additional potential for generating revenue. Furthermore, the property is zoned for office use, allowing for additional expansion opportunities and versatility in meeting your business needs.

Key Property Highlights:

• New contemporary construction of a Class A office building
• Unique features including a private recording studio, kitchen, conference room, and executive bathroom with shower
• Custom exterior lighting to enhance the building’s aesthetic appeal
• Sale Price: $4,250,000

Property Details:

• 1201 Building SF: Approximately 2,390 SF
• 1207 Building SF: Approximately 2,391 SF
• Building Price / SF: $888.93/ SF
• 1201 Lot SF: Approximately 0.14 acres / 6,119 SF
• 1207 Lot SF: Approximately 0.19 acres / 6,800 SF
• Total Lot SF: 12,919 SF
• Lot Price/SF: $328
• Year Built: 2019/2020
• Zoning: Office – Downtown Fort Lauderdale CBD – RO (1207 building zoned for office use)

This prime office building presents a unique opportunity for businesses looking to establish a prestigious presence in Downtown Fort Lauderdale. With its contemporary design, custom features, and strategic location, it offers the perfect setting to elevate your brand and inspire your team. Additionally, the income-generating potential from the four-unit apartment building and the expansion opportunities with the office zoning make this an incredibly versatile investment.
Don’t miss out on this exceptional opportunity to secure your place in Fort Lauderdale’s thriving business landscape. For more information or to schedule a private showing, please contact:

Bill McGee III, Senior Vice President
954.652.5020
[email protected]

Steve Hyatt, Senior Vice President
954.652.2005
[email protected]

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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 Awarded Leasing, Management Of East Fort Lauderdale Grocery Anchored Retail Center

Posted on June 12, 2023 by Berger Commercial Realty

Berger Commercial Realty Corp., a full-service commercial real estate firm dedicated to providing exceptional service and innovative solutions for its clients, is thrilled to announce that it has been awarded the leasing and management assignment for Harbor Shops, a significant retail property located at 1815 Cordova Road, totaling 230,000 square feet. The bustling retail hub is anchored by popular grocery chain Publix and features other major tenants such as TJ Maxx and Total Wine. The leasing agents on the project will be Joseph Byrnes and Jake Michaels, with day-to-day management being expertly handled by Mauricio Dominguez and Sharon Ramos.

This award further cements Berger Commercial Realty’s standing as one of the leading commercial real estate companies in the region, known for its comprehensive property management, leasing, and brokerage services. The addition of Harbor Shops to their portfolio showcases the firm’s expertise in managing and leasing commercial properties with diverse, high-profile tenants.

“As a local resident who has been shopping at Harbor Shops since day one, I’m particularly excited about this assignment,” said Lloyd Berger, President of Berger Commercial Realty Corp. “I have witnessed first-hand the impact that this retail hub has had on our community. Now, as the firm tasked with its leasing and management, our primary objective will be to maximize the value of the property by increasing occupancy rates, enhancing tenant mix, and providing top-notch property management services.”

Tim Hackett, Director of Property Management at Berger Commercial Realty, added, “Our commitment to excellence, coupled with our deep understanding of the East Broward market, will be instrumental in managing and enhancing the value of Harbor Shops. Mauricio and Sharon bring a wealth of experience in property management and are ideally suited to oversee the day-to-day operations of this vibrant retail hub. We firmly believe that Joseph Byrnes and Jake Michaels are the right leasing team to drive the success of Harbor Shops. We’re eager to work closely with our tenants and the local community to ensure Harbor Shops remains a preferred destination for shopping.”

Berger Commercial Realty has a proven track record of success in managing and leasing retail, office, and industrial properties. The new assignment of Harbor Shops underscores the company’s strength in providing excellent service to its clients and its commitment to driving the success of their assets.

“Our team’s broad knowledge, coupled with our tailored approach, will enable us to efficiently and effectively manage and lease Harbor Shops. We look forward to working closely with current and potential tenants, as well as the ownership who had the vision to develop this asset,” Berger added.

Berger Commercial Realty’s leasing and management professionals are dedicated to providing unparalleled service to their clients. Through the Harbor Shops assignment, the company will continue to leverage its market insight, strategic positioning, and extensive industry networks to add significant value to its clients’ assets.

For more information about Berger Commercial Realty’s services, please visit www.bergercommercial.com.

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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.

Lloyd C. Berger Awarded Receiver for Olive Glenn Condominiums

Posted on June 8, 2023 by Berger Commercial Realty

Fort Lauderdale, FL – We are pleased to announce that Lloyd C. Berger has been appointed as the receiver for Olive Glenn Condominiums as a result of an action taken by US Century Bank. This decision comes as a result of his outstanding reputation and expertise in real estate management and receivership.

The Olive Glenn Condominiums, located in the heart of Pompano Beach, has been a thriving residential community for years. However, recent financial challenges and operational issues have necessitated the appointment of a receiver to oversee the management and administration of the property.

Lloyd C. Berger brings a wealth of experience to this role. With a distinguished career in the real estate industry spanning over two decades, he has successfully managed and rehabilitated numerous properties as well as completed approximately 175 receiverships.

As the receiver for Olive Glenn Condominiums, Mr. Berger will assume the responsibility of stabilizing the property’s financial situation, restoring operational efficiency, and ensuring the well-being and satisfaction of the residents. His extensive knowledge of property management, legal processes, and financial restructuring will be invaluable in guiding the condominium community through this transitional period.

“I am honored to have been appointed as the receiver for Olive Glenn Condominiums,” said Lloyd C. Berger. “I am committed to working closely with the residents, the homeowners’ association, and all stakeholders to bring about positive change, improve the community’s financial health, and enhance the overall living experience for everyone involved.”
Throughout his career, Mr. Berger has consistently demonstrated his ability to revitalize struggling properties, effectively resolve conflicts, and implement sustainable strategies to achieve long-term success. His dedication to transparency, open communication, and community involvement makes him the ideal candidate to lead Olive Glenn Condominiums toward a prosperous future.

Residents can expect open lines of communication with Mr. Berger, who will prioritize their concerns and work diligently to address any issues affecting their quality of life. With his expertise and collaborative approach, he aims to foster a sense of unity and ensure that Olive Glenn Condominiums continues to be a desirable and harmonious residential community.
About Lloyd C. Berger: Lloyd C. Berger is a highly experienced real estate professional with a proven track record in property management and receivership. With a strong commitment to excellence and a deep understanding of the industry, Mr. Berger has successfully managed various residential and commercial properties, ensuring optimal performance and profitability.

Contact: Lloyd C. Berger Email: [email protected] Phone: 954-358-0900 Website: bergercommercial.com

Is South Florida Insulated From A Recession?

Posted on May 31, 2023 by Berger Commercial Realty

South Florida, celebrated for its vibrant beaches and dynamic culture, has showcased robust economic resilience during nationwide downturns. Several strengths, such as a diverse economy, population growth, low taxes, a thriving travel and tourism sector, and strategic location, fortify it against economic adversity. While these factors have contributed to its resilience, it is also crucial to consider potential vulnerabilities that can emerge during economic downturns.

1. Diverse Economy:

South Florida benefits from an economy that spans across various sectors, including tourism, healthcare, technology, real estate, and financial services. This economic diversity helps absorb the shock of recessions, allowing South Florida to weather downturns better than regions reliant on a single industry.

2. Steady Population Growth:

The population of South Florida continues to rise, thanks to its attractive climate, cultural diversity, and job opportunities. This consistent growth supports the local economy by driving demand for goods and services.

3. Tax Advantages:

The absence of state income tax in Florida is a significant draw for businesses and individuals alike, stimulating economic activity and increasing disposable income.

4. Travel and Tourism:

South Florida’s economy is significantly buoyed by tourism, which draws visitors with a diverse range of attractions, from stunning beaches to a rich cultural scene.

5. Robust Real Estate Market:

The real estate market in South Florida is traditionally strong, thanks to consistent demand from both domestic and international investors, including a substantial influx of retirees.

6. Vital Port Infrastructure:

The region’s economy is further supported by Port Miami and Port Everglades, both of which serve as crucial hubs for global trade.

7. Strong Healthcare Sector:

South Florida’s healthcare sector, underpinned by numerous top-rated hospitals and healthcare facilities, contributes significantly to its economic stability.

8. Strategic Location:

South Florida’s unique geographical position, acting as a gateway to Latin America and the Caribbean, solidifies its role as a hub for international trade and logistics.

Counterpoints:

While these strengths have historically helped South Florida withstand and recover from economic downturns, potential vulnerabilities exist. For example, a severe or prolonged recession could impact multiple sectors simultaneously, causing a more significant economic downturn. Population growth can strain public resources and move housing costs to unaffordable levels, especially during a recession. Lower tax revenues could potentially limit the state’s ability to fund essential services and infrastructure.

Tourism, one of the first sectors affected during downturns, can see a significant dip as people limit non-essential expenses like travel. The real estate market, despite its general resilience, isn’t completely immune to recessions. International trade disruptions can impact port activities, and increased demand during public health crises can strain healthcare resources.

In conclusion, South Florida’s economic resilience is supported by various strengths, but it’s essential to recognize and address potential vulnerabilities. This balanced perspective allows for proactive planning and strategies to further bolster South Florida’s economy, strengthening its resilience during downturns.

When Is The Best Time To Sell Your Commercial Property?

Posted on May 8, 2023 by Berger Commercial Realty

Deciding when to sell a commercial property is a complex decision that depends on a variety of factors, including market conditions, property performance, and personal financial goals. Here are some factors to consider when deciding when to sell a commercial property:

Market conditions: The state of the real estate market can have a significant impact on the value of a commercial property. If market conditions are favorable, it may be a good time to sell the property to maximize its value. Conversely, if market conditions are unfavorable, it may be wise to hold onto the property until the market improves.

Property performance: The performance of the property can also be a key factor in deciding when to sell. If the property is generating a steady income stream and has a strong occupancy rate, it may be a good time to sell. On the other hand, if the property is underperforming or experiencing high vacancy rates, it may be better to hold onto the property until its performance improves. In this market, it is not unusual for a property to be worth more than the cash flow.

Tax implications: Selling a commercial property can have significant tax implications, so it is important to consider the tax consequences of a sale before making a decision. If the property has appreciated significantly in value, there may be capital gains taxes to consider. Additionally, if the property has been depreciated for tax purposes, selling it may trigger recapture taxes.

Personal financial goals: Finally, personal financial goals can also play a role in the decision to sell a commercial property. For example, if an owner needs to free up capital for other investments or to pay off debt, selling the property may be the best option. Similarly, if an owner is looking to retire or exit the real estate industry, selling the property may be part of their long-term plan.

Overall, there is no one-size-fits-all answer to when to sell a commercial property. It is important to consider a variety of factors and consult with a real estate professional before making a decision. A local commercial real estate broker can provide important market knowledge. This knowledge can be powerful in helping you make that decision.

Do you have a question about your commercial property or current market trends and conditions? Contact us today!

How Property Owners Can Benefit From Hiring A Commercial Property Manager

Posted on April 24, 2023 by Berger Commercial Realty

As a commercial property owner, managing your property can be a challenging task. That’s why many property owners choose to work with a commercial property management company. In this blog post, we’ll discuss some of the benefits of commercial property management and how it can help you maximize your investment.

1. Save time and resources

Managing a commercial property can be time-consuming, especially if you have multiple properties to manage. By working with a commercial property management company, you can free up your time and resources to focus on other important aspects of your business. Property managers handle tasks such as rent collection, tenant screening, maintenance, and repairs, allowing you to focus on growing your portfolio and maximizing your return on investment.

2. Proper lease enforcement

One of the most important aspects of Proper management is proper lease enforcement. Properly ensuring that tenant responsibilities are adhered to both enhance the value of the property as well as reduce the landlord’s cost. There are times when Landlords may want to deviate from this in the tenant’s favor. In this case, it is the job of the property manager to also enforce the owner’s management style.

3. Enhance tenant satisfaction and reduced vacancy

Happy tenants are essential for the success of any commercial property. A commercial property management company can help you enhance tenant satisfaction by providing excellent customer service, responding promptly to maintenance requests, and providing tenants with a safe and comfortable environment. By prioritizing tenant satisfaction, you can increase tenant retention rates, reduce turnover, and improve your reputation as a property owner which makes you more desirable to future tenants.

4. Access to the manager’s vendor network

A successful management company with a good reputation has developed a vast vendor network. No two situations at a property are the same just like no two vendors are the same. A seasoned management company can match the right vendor team for the job as well as get a better response and better pricing.

5. Ensure compliance with regulations

Commercial properties are subject to a variety of regulations and requirements, including building codes, safety regulations, and zoning laws. A commercial property management company can help you navigate these regulations, ensuring that your property is up to code and that you’re in compliance with all relevant laws and regulations. This can help you avoid legal issues, fines, and other penalties that can negatively impact your bottom line.

6. Maximize your return on investment

By working with a commercial property management company, you can maximize your return on investment and ensure that your property is generating as much revenue as possible. Property managers can help you set competitive rental rates, manage expenses effectively, and identify opportunities to increase your rental income. By partnering with a commercial property management company, you can rest assured that your property is in good hands and that you’re getting the most out of your investment.

In conclusion, commercial property management offers a wide range of benefits for property owners. By partnering with a reputable property management company, you can save time and resources, reduce vacancy rates, enhance tenant satisfaction, ensure compliance with regulations, and maximize your return on investment. If you’re a commercial property owner looking to streamline your operations and maximize your profits, consider working with a commercial property management company today.

Senior Vice President, Keith R. Graves, Earns SIOR Designation.

Posted on April 17, 2023 by Berger Commercial Realty

Keith R. Graves SIOR, CCIM of Berger Commercial Realty/ CORFAC International, has earned the SIOR industrial designation awarded by the Society of Industrial and Office REALTORS®.

SIOR is the world’s premier commercial real estate organization for industrial and office professionals. Individuals who earn their SIOR designation adhere to the highest levels of accountability and ethical standards. Only the industry’s top professionals qualify for the SIOR designation, to which there are 3,700 members in 722 cities and 45 countries. SIOR represents today’s most knowledgeable, experienced, and trusted commercial real estate brokerage specialists, and these individuals are proven experts in their market and leaders in the industry.

SIOR is a Washington, DC-based international professional organization of more than 3,700 commercial real estate professionals whom have earned the coveted SIOR designation.

To achieve the SIOR designation, Graves completed at least five years of creditable experience in the highly specialized field of industrial real estate; met stringent education requirements; and demonstrated professional ability, competency, ethical conduct, and personal integrity. SIOR enforces a strict code of ethics and required designees to complete its ethics course within their first three years of membership.

Mr. Graves, Berger Commercial Realty Senior Vice President, leads a 5-broker industrial practice group within the firm named SFIA (South Florida Industrial Advisors) and specializes in providing strategic commercial and industrial real estate services including investment sales, agency leasing, lease acquisition, and disposition, market and site analyses, financial analyses, transaction structuring, and long-term strategic planning. Through his knowledge and experience he is able to create value-added services for clients throughout the entire real estate process, from identifying specific client needs, to analyzing markets, lease/sale negotiations, as well as post-closing services. Mr. Graves’ client base includes institutional clients, high-net-worth individuals, international investors, local entrepreneurs, and private equity funds.

Mr. Graves has more than 32 years of experience in South Florida’s commercial real estate market and a long history of successful agency and tenant representation transactions and has been named a Power Broker by Co-Star, multiple years for both industrial and office properties.

Berger Commercial Realty Celebrates 25 Years

Posted on March 23, 2023 by Berger Commercial Realty

Berger Commercial Realty/Corfac International, a leading independent and privately owned regional, full-service commercial real estate firm based in Fort Lauderdale since its founding in 1998, is celebrating its 25-year anniversary, marking a great achievement and a major milestone for the company. 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.

The company began as a property management firm and remained solely focused on property management for the first years. Now, as one of the largest independently owned and operated commercial real estate brokerage and property management firms in South Florida, the company has grown to 45 employees with two offices in two counties, currently averaging approximately 300 brokerage transactions each year for a total volume of roughly $400 million.
In 2020, Berger Commercial Realty founded its affiliate company, Andrews Avenue Residential, a residential property management company focused on superior multi-family real estate operations, including full-service management, accounting, and acquisitions. AAR currently manages over 1,800 units throughout the southeast.

“Berger Commercial Realty’s commitment to providing the highest level of customer satisfaction coupled with the unparalleled professionalism of our team members has provided for 25 successful years,” commented Lloyd C. Berger, Berger Commercial Realty President.

With dozens of awards and a talented and resolute team of brokers, property managers, and commercial real estate professionals, Berger Commercial Realty is poised and ready to continue to deliver exceptional results, customer service, and market knowledge for many years to come.

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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 Andrews Avenue Residential: Founded in 2020, Andrews Avenue Residential, LLC and its affiliate Berger Commercial Realty Corp. (founded in 1998) have 109 team members specializing in management, property stabilization, and value enhancement.

Berger Commercial Realty’s Jordan Beck Named NAIOP 2023 Awards Of Excellence Finalist For Broker Of The Year

Posted on March 20, 2023 by Berger Commercial Realty

Berger Commercial Realty/Corfac International‘s Jordan Beck has been named a finalist for Broker of The Year for NAIOP’s 2023 Awards of Excellence.

The NAIOP South Florida Awards of Excellence acknowledge commercial real estate professionals whose achievements have contributed to the region’s economic growth and business environment in a given year. Winners of the Awards of Excellence will be announced on Thursday, March 30 at the association’s 46th year of celebration at the Seminole Hard Rock Hotel & Casino.

Beck joined Berger Commercial Realty in 2019 as a sales associate and, in 3 short years, quickly climbed the ladder earning him the title of Vice President.

Prior to working in commercial real estate, he worked in sales for Vivint Solar for over 10 years.

Jordan’s ability to source off-market deals and see them through to the finish line has made him stand out as a force in the industry. In 2022 Beck sourced 22 deals totaling $88,177,693, up from $39,000,000 in 2021, proving he has what it takes to thrive in this competitive industry. He was also nominated for Rookie of The Year at NAIOP’s 2021 Awards of Excellence.

His most recent transaction of an off-market, 78,586-square-foot, cold storage industrial building located at 1301 NW 3rd Ave. in Pompano Beach, Florida sold for $15,600,000.

“I have never seen someone new to the industry that has Jordan’s drive, work ethic, and instincts,” commented Berger Commercial Realty President Lloyd C. Berger. “It goes without saying that Jordan is no longer a rookie. Jordan will continue to propel and have a successful career in Commercial Real Estate.”

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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.

Lloyd C. Berger Recognized Among South Florida Business Journal’s 2023 Power Leaders

Posted on March 9, 2023 by Berger Commercial Realty

Berger Commercial Realty/ CORFAC International is pleased to announce President, Lloyd Berger, has been recognized as a Power Leader by South Florida Business Journal for 2023.

Founded in 1998, Berger Commercial Realty/CORFAC International is South Florida’s leading provider of tailor-made commercial real estate solutions. As one of the largest independently owned and operated commercial real estate brokerage and property management firms in South Florida. Berger Commercial Realty offers unparalleled experience, expertise, and commitment to providing the highest level of customer satisfaction. With dozens of awards and a talented and dedicated team of brokers, property managers, and commercial real estate professionals, Berger Commercial Realty is poised and ready to deliver exceptional results, customer service, and market knowledge.

The list recognizes the top major players with notable contributions in their respective fields during the past year who have helped buoy South Florida’s thriving business community.

Berger Commercial Realty’s Stephen Hyatt Negotiates Sale Of Lighthouse Of Broward Offices and Training Center In Fort Lauderdale

Posted on March 1, 2023 by Berger Commercial Realty

Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt negotiated the sale of the Lighthouse of Broward 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. The buyer, 650 North Andrews Avenue, LLC, which was represented in the transaction by Tomas Sulichin of Related ISG and Greg Greer of CRR of South Florida, paid $12,650,000 for the property.

“The Lighthouse of Broward has been in this location since 1973 and due to the rapidly increasing value of the property in Flagler Village and the need to expand and upgrade its facility and services, the Board determined that it was prudent to sell and relocate to a newer, larger building in Central Broward to better serve the growing population of individuals who are blind and visually impaired,” explained Hyatt.

Lighthouse of Broward President and CEO Ellyn Drotzer, MSW, LCS added that a larger, more accessible space has been secured that 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.”

Given the rapidly increasing value of the parcel within the fast-growing Flagler Village area, the buyer plans to replace the older, obsolete building with a luxury mid-rise apartment building. Once an industrial warehouse district, edgy Flagler Village is now home to dozens of trendy restaurants, bars, shops, galleries, and numerous newly developed apartments, many within the Fat Village Arts District. Lighthouse of Broward will remain at the location for a year post closing and will be relocating to a larger facility in central Broward.

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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 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, Daniel Forman Execute ±30,800 SF Lease At Hillsboro Distribution Center

Posted on February 22, 2023 by Berger Commercial Realty

Berger Commercial Realty/Corfac International Sales Associate Daniel Forman and Senior Vice President Keith R. Graves, CCIM represented the tenant, American Builders & Contractors Supply Co., Inc., in executing an industrial lease totaling ±30,800 square feet at Hillsboro Distribution Center, located at 1471 W. Hillsboro Blvd. in Deerfield Beach, Florida.

American Builders & Contractors Supply Co., Inc., which also operates under the name ABC Supply Co., is the largest wholesale distributor of roofing and other select exterior and interior building products in North America, with nearly 900 locations across the U.S. and Canada. ABC Supply locations stock residential and commercial roofing materials, siding, gutters, windows, doors and related supplies for professional contractors and builders.

“The prime location, and parking, coupled with the front-loading design of the building, were all primary considerations” explained Forman .

Larry Genet, Tom O’Loughlin, and Michael Oretsky with CBRE represented the landlord, BLUSV I FL 1471 WEST
HILLSBORO BLVD LLC, in the lease deal.

Hillsboro Distribution Center is comprised of ±71,280 square feet and features 24’ clear height with 4 dock high loading doors, grade and dock-well overhead doors, as well as immediate access to I-95 and major thoroughfares.

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Berger Commercial Realty’s Steve Hyatt Reps Buyer In Purchase Of Oakland Park Office Building For HQ

Posted on February 13, 2023 by Berger Commercial Realty

Berger Commercial Realty/Corfac International Senior Vice President Steve Hyatt represented the buyer in the purchase of a 10,400-square-foot office property located at 4201 North Andrews Avenue in Oakland Park, Florida.

The buyer, upscale clothing store chain Maus & Hoffman, Inc., paid $1,700,000 to Truist Bank, for the asset. Maus & Hoffman is relocating from the Las Olas Boulevard area due to expansion needs and the sale of its prior location. Founded in 1940 with operations in Fort Lauderdale, Palm Beach, Vero Beach and Naples, Maus & Hoffman is currently run by third and fourth generation family members.

The transaction closed January 27.

The suburban, one-story office building offers good visibility on Andrews Avenue and is centrally located near I-95.
The building served as a former Truist Bank Operation Center. It was formerly owned by SunTrust Bank, which became Truist after a recent merger. The new location provides easy access to their east and west coast stores.

Jeff Holding and AJ Belt of Cushman & Wakefield represented the seller.

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INTERN SPOTLIGHT: Bradley Dreher

Posted on February 9, 2023 by Berger Commercial Realty

Bradley Dreher was born and raised on a farm in the small town of Browerville, Minnesota. At 18 years old, he joined the United States Marine Corps as an infantry Mortarman. During his nine years of active-duty service, he traveled to many different countries for military training and deployments. From August 2019 to November 2020, Bradley worked as a Marine Security Guard at the American Embassy in Freetown, Sierra Leone. Following his military duty in Western Africa, he was assigned to the American Embassy in Moscow, Russia, and worked as the Marine Security supervisor until his departure in June of 2022.

Bradley completed his Bachelor’s degree in Criminal Justice through the University of Maryland’s online program in March of 2022. In August of 2022, he officially ended his active-duty service and transferred to the Marine Corps Reserves. During this transition, he relocated to Florida, started a Master of Science in International Real Estate (MSIRE) program at Florida International University (FIU), and obtained his Florida Sales Associate license.

Bradley’s strong interest in learning about Real Estate and pursuing a real estate career is why he started his internship with Berger Commercial Realty.

“I am very thankful to be accepted as an intern for Berger Commercial Realty; it will be a huge steppingstone for my future path to becoming a successful Real Estate professional. “, said Dreher.

Berger Commercial Realty’s Jonathan Thiel, Lawrence Oxenberg Rep Buyer In Purchase Of Oakland Park Retail/Office Asset

Posted on February 8, 2023 by Berger Commercial Realty

Berger Commercial Realty/Corfac International Vice President Jonathan Thiel and Sales Associate Lawrence Oxenberg represented the buyer in the purchase of a 6,930-square-foot retail/office property located at 911 East Oakland Park Boulevard in Oakland Park, Florida.

The buyer, whose name is confidential, paid $2,875,000 to AMA Investments of Florida, LLC, for the asset.

The transaction closed December 20.

“The stabilized multi-tenant retail/office property with a national retailer occupying majority of building provided a perfect investment opportunity for the buyer,” commented Thiel.

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Berger Commercial Realty/Corfac International Announced That Jordan Beck Has Been Promoted To Vice President

Posted on February 6, 2023 by Berger Commercial Realty

Prior to working in commercial real estate, Beck worked in sales for Vivint Solar, where he served as district manager for the Tampa market and was recognized as the company’s all-time top sales representative in Florida.

In 2019 he joined Berger Commercial Realty as a sales associate and quickly became a top producer by procuring numerous off-market deals. Beck specializes in investment sales in the office and industrial real estate sectors. In 2022 he sourced 22 deals totaling $88,177,693 up from $39,000,000 in 2021, proving he has what it takes to thrive in this competitive industry.
In 2021 Beck was nominated for NAIOP’s Rookie of The Year Award and was named Berger Commercial Realty’s Broker of The Year in 2022.
A Florida native, he graduated from the University of South Florida in 2013 with a bachelor’s degree in business and was a member of the Phi Delta Theta fraternity.

“I have never seen someone new to the industry that has Jordan’s drive, work ethic, and instincts. It goes without saying that Jordan is no longer a rookie. Jordan will continue to propel and have a successful career in Commercial Real Estate.”- Lloyd C. Berger

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Category: News

Category: News

Berger Commercial Realty Brokers Facilitate 19,753 SF Lease Agreement on Behalf of Prologis

Steve Hyatt of Berger Commercial Realty Facilitates Sale of Spyke’s Groves and Tropical Nursery

Last Space Available at Class A Distribution Center, Bridge Point 595

Director of Property Management, Tim Hackett, Celebrates 15 Years

Premier Luxury Freestanding Office Building For Sale in Downtown Fort Lauderdale

Key Property Highlights:

Property Details:

Berger Commercial Realty Awarded Leasing, Management Of East Fort Lauderdale Grocery Anchored Retail Center

Lloyd C. Berger Awarded Receiver for Olive Glenn Condominiums

Is South Florida Insulated From A Recession?

When Is The Best Time To Sell Your Commercial Property?

How Property Owners Can Benefit From Hiring A Commercial Property Manager

Senior Vice President, Keith R. Graves, Earns SIOR Designation.

Berger Commercial Realty Celebrates 25 Years

Berger Commercial Realty’s Jordan Beck Named NAIOP 2023 Awards Of Excellence Finalist For Broker Of The Year

Lloyd C. Berger Recognized Among South Florida Business Journal’s 2023 Power Leaders

Berger Commercial Realty’s Stephen Hyatt Negotiates Sale Of Lighthouse Of Broward Offices and Training Center In Fort Lauderdale

Berger Commercial Realty’s Keith Graves, Daniel Forman Execute ±30,800 SF Lease At Hillsboro Distribution Center

Berger Commercial Realty’s Steve Hyatt Reps Buyer In Purchase Of Oakland Park Office Building For HQ

INTERN SPOTLIGHT: Bradley Dreher

Berger Commercial Realty’s Jonathan Thiel, Lawrence Oxenberg Rep Buyer In Purchase Of Oakland Park Retail/Office Asset

Berger Commercial Realty/Corfac International Announced That Jordan Beck Has Been Promoted To Vice President