Berger Commercial Realty’s Lawrence Oxenberg Negotiates Sale Of Davis Plumbing Property Portfolio
The Davis Plumbing portfolio includes properties at 1404 NE 4th Ave, 1408 NE 4th Ave and a land parcel at the NWC of NE 5th Ave & NE 14th Street.
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The Davis Plumbing portfolio includes properties at 1404 NE 4th Ave, 1408 NE 4th Ave and a land parcel at the NWC of NE 5th Ave & NE 14th Street.
The Colliers’ Real Estate Development Division – once focused on commercial buildings – is leveraging its extensive expertise in Construction Management to assist condo boards with multi-million-dollar capital improvements and renovations mandated by the Building Safety Act.
The entire 61,451-square-foot building is currently being marketed for lease by Colliers, offering any combination of the four ±16,000-square-foot floorplates.
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The Butters Realty & Management Industrial Brokerage Team of JC Conte, SIOR and Brian T. Ahearn, CCIM represented the interest of Challenge Warehousing, Inc. in the transaction. Tom O’Loughlin and Larry Genet with CBRE represented the Landlord, Link Logistics.
The JLL Capital Markets team representing the seller was led by Director Max La Cava, Senior Managing Director Brian Shanfeld, Managing Directors Jason Dewitt and Luis Castillo and Vice President Steven Okon.
CBRE Executive Vice President Gordon Messinger represented MAS^AJP, the owner and developer, in lease negotiations.
The portfolio is comprised of 20 buildings
The sale does not include other components of the mixed-use development, such as its 158-unit Congregate Living Facility and numerous outparcels.
The vacant site is comprised of five adjacent parcels of land divided by SW 14th Place with three parcels to the north and two parcels to the south.
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