Berger Commercial Realty Expands Brokerage Team
He will be focusing on industrial leasing and sales within the South Florida market.
He will be focusing on industrial leasing and sales within the South Florida market.
The properties, located at 3240 SE 6th Avenue and 501 SE 33rd Street in Fort Lauderdale were sold to an owner/user for $1,475,000.
Larry Dinner of CBRE is the leasing representative for IDI Logistics for the new building.
Bridge Industrial had the property rezoned and subsequently built two Class A industrial Building for a total of ±174,129 SF.
The sale was a classic value-add opportunity with rents at 10-20% below market for small bay warehouses.
Bridge’s growing South Florida asset management portfolio currently spans 5 MSF+ of Class-A industrial space.
CBRE’s Larry Genet, Tom O’Loughlin, and Jake Zebede represented the owner in the sale of the industrial warehouse.
The leases bring Hillsboro Technology Center’s Building E, a 123,290 square foot industrial building and Building F, a 151,852 square foot industrial building, to 100% leased.
GAL Enterprises of Plantation, LLC sold the unit in an off-market deal.
The transaction closed June 9 for $9,075,000, or $118 per square foot.
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