Berger Commercial Realty’s Steve Hyatt, Brian Batchelder Negotiate Sale Of Pompano Beach Office Building For $12,750,000
The 11-story Class B office building is situated on 2.3 acres, with a strong history of high occupancy with long term tenants.
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The 11-story Class B office building is situated on 2.3 acres, with a strong history of high occupancy with long term tenants.
Colliers Vice Chairman Jonathan Kingsley represented the tenant, Seaboard Marine, in the transaction. JLL Executive Managing Director Brian Smith represented the landlord, Prologis, in the lease renewal.
The newly completed transit-oriented development includes mixed income apartments and neighborhood retail along the Miami-Dade Metrorail corridor at the entrance to Coconut Grove.
The development’s retail and office space are 100% leased ahead of its planned opening this summer.
Here are the most popular news headlines this past week on CRE-sources.
Plans for the Class A tower include 750,000 square feet of creative offices, structured parking for 1,000 vehicles and 7,500 square feet of ground-level retail space.
Two of the three tenants are relocating law firms.
Senior Vice Presidents Keith R. Graves, CCIM and Jonathan Thiel, along with Sales Associate James Karrat, represented the landlord in executing the lease.
Vice President Michael Carpenter handled the leasing for SRG, a division of the full-service real estate development firm, Stiles.
The portfolio was sold in four separate transactions to two different buyers.
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