Berger Commercial Realty’s Joe Byrnes, Jake Michels Negotiate Sale Of Prime Vacant Land in Fort Lauderdale
The sale was conducted as an all-cash transaction, underscoring the strong demand for real estate in this vibrant market.
The sale was conducted as an all-cash transaction, underscoring the strong demand for real estate in this vibrant market.
15430 Corporate Road North features 40’ clear heights, 60’ speed bays, 43 dock high doors, 2 drive-in doors and 136’ truck courts. The property also offers ample surface parking, including 26 trailer parking spaces.
The transaction was facilitated by Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt, who represented the seller.
A real estate fund managed by Ares Management purchased the portfolio from a joint venture (JV) partnership between Greystar and Butters Construction & Development.
This acquisition marks the firm’s second significant investment in Doral, following the recent groundbreaking of Bridge Point Doral, a project set to encompass over 2.6 million square feet of Class-A industrial space at full build out.
Here are the most popular news headlines this past week on CRE-sources.
“This off-market sale was uniquely timed, allowing both parties to capitalize on the opportunity.”
This marks the third transaction between Berger Commercial Realty and the Seller, further solidifying their partnership. Both parties look forward to the continued development of this relationship and the positive impact it will have on the community.
Here are the most popular news headlines this past week on CRE-sources.
Claude Senhoreti, a professional race car driver and owner of Sienna Motors, the Buyer, plans to expand operations into this newly acquired site, enhancing their reputation for high-end automotive offerings. In addition to expanding their vehicle sales, Sienna Motors aims to redevelop the surrounding area into additional automotive uses, further revitalizing the neighborhood.
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