Berger Commercial Realty’s Jordan Beck Reps Buyer In Off-Market Plantation Industrial Sale
GAL Enterprises of Plantation, LLC sold the unit in an off-market deal.
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GAL Enterprises of Plantation, LLC sold the unit in an off-market deal.
“Like any great deal, this one was 5 years in the making. It was an extreme lesson in perseverance,” commented Genet.
The transaction closed June 9 for $9,075,000, or $118 per square foot.
The sales price equates to $193.00 per square foot.
The JLL brokerage team of Katie Fernandez-Espinosa, Vice President of Retail Advisory Services, and Rafael Romero, Senior Vice President of Retail Advisory Services, will be spearheading the retail and office leasing at the property on behalf of the ownership group Dubner Properties.
The 10,000-square-foot lease marks another milestone in the company’s continued growth after only three years in the South Florida market.
The office building represents McGuire Development Company’s first Southeast Florida acquisition.
C&W’s Mike Davis, Rick Brugge, Rick Colon and Dominic Montazemi of Cushman & Wakefield represented the seller in the transaction with support from Zachary Eicholtz and Brooke Tulley.
Plans for the parking lot include a 12-story, 100,000 square foot Class “A” office tower on top of structured parking.
“We have known Les and Steve for many years and we have a long history and successful track record working together to complete sale and lease transactions due to our close communication, trust and confidence in each other’s abilities,” explained Alan Levy. “It has been such a pleasure to work with both of them again on these recent deals.”
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