Berger Commercial Realty recently acquired three new leasing and management assignments for properties in Fort Lauderdale and West Palm Beach.
“We are pleased to take on the leasing and management responsibilities for these three properties and look forward to enhancing the value of each asset through rental price optimization, proven marketing strategies, and efficient operation,” said Berger Commercial Realty President Lloyd Berger.
Cypress Creek Tower
Located at 800 W. Cypress Creek Road in the Cypress Creek office submarket of Fort Lauderdale, Cypress Creek Tower will be exclusively leased by Berger Commercial Realty brokers Keith Graves and Jonathon Thiel and will be managed by property manager Wendy Collins.
The class B building, which is 75 percent occupied, includes 62,000 square-feet of office space and stands five stories tall. It features an onsite banking facility, a computerized energy management system, and is within minutes of I-95, Florida’s Turnpike and the Cypress Creek Tri-Rail Station.
The building was recently acquired by COLE International Investments, LLC, a Delaware-based company. Berger Commercial Realty also leases and manages two other assets owned by COLE.
Executive Airport Business Center
Recently acquired by CP Highlands Fund, the Executive Airport Business Center includes 73,130 square-feet of single-story office, industrial and flex space located at 5101 N.W. 21st Ave. in Fort Lauderdale.
Situated on more than six acres of land, the property consists of two buildings adjacent to a lake and small wooded area. It is located southwest of Fort Lauderdale Executive Airport and just north of Commercial Boulevard.
CP Highlands Fund selected Berger Commercial Realty after a thorough and lengthy bidding process. Brokers Judy Dolan and Thiel will be responsible for leasing the property and Collins will manage it.
Okeechobee Industrial Park
Okeechobee Industrial Park consists of 11 one-story buildings totaling 175,000 square-feet of industrial and flex space. The 13.25-acre industrial property is located at 1550 Latham Road in West Palm Beach and is within minutes of I-95, US-98 and Palm Beach International Airport.
The property, acquired by FM Capital, will be managed by Berger Commercial Realty from its Palm Beach office. Broker Robert Dabrowski will be responsible for leasing and property manager Claudia Fajardo will handle management. Fajardo is moving from Berger Commercial’s Miramar office to manage the industrial park and assist with the firm’s current Palm Beach County-based portfolio.
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