Berger Commercial Realty/Corfac International Managing Director-Palm Beach County Michael Feuerman, Esq., SIOR, CCIM and Sales Associate Daniel Silver, along with Matt Sultenfuss, SIOR, Managing Partner at Tampa-based Avocat Group, negotiated the deal on behalf of the tenant.
The company announced the start of the 501,224-square-foot speculative development at 10300 NW 121st Way in Medley in May 2021. The building is now 100 percent leased.
The final sale price was $22 million, equating to $155 per square foot.
This marks the fourth time winning this prestigious honor from NAIOP’s South Florida Chapter in the past six years.
Here are the most popular news headlines this past week on CRE-sources.
The five commercial real estate transactions were all completed throughout the South Florida area in January, February and March by Vice President Frank Trelles, SIOR and Sales Associate Jason Gonzalez.
Matt McAllister, Chris Metzger, Rick Etner, and Christopher Thomson represented building owner Black Creek Group in the lease of the ±25,300-square-foot warehouse and distribution center.
JLL Executive Managing Director Sky Groden, Vice President Evan Christiansen, and Vice President Jeremy Cain, will be leading leasing efforts on behalf of the building owner.
This is the first time the property has sold since it was established over two decades ago.
Here are the most popular news headlines this past week on CRE-sources.