Due to the efforts of Berger Commercial Realty’s leasing team, more than 28,000 square feet of new lease deals and renewals have recently been executed, bringing this prime industrial center to reach 100% occupancy.
Tricera acquired the buildings for $13.25 million in January 2019.
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“Despite the many challenges our world has been facing due to the pandemic, the commercial real estate industry is booming, and South Florida is a top destination for business relocation,” said Christopher Thomson, the 2022 president.
The three Class-A office buildings total 222,682 square feet.
Larry Genet and Tom O’Loughlin with CBRE represented the seller in the transaction.
The company is aggressively seeking prospective Pink Bird sites on Florida’s east coast, from Broward to Brevard counties, with minimum dimensions of 150 x 200 feet, in high traffic locations with left-in access and strong retail co-tenancy.
Seagis paid $9.4 million for the 2.78-acre lot.
The park will eventually span more than 1.3 million square feet of space.
The project will reinvigorate the nearly three acres of underutilized parking lots behind Grover Corlew’s 2401 Atlantic and 2335 Atlantic office buildings.