Berger Commercial Realty’s Steve Hyatt Negotiates Sale Of Vacant Land In Downtown Fort Lauderdale
The transaction was facilitated by Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt, who represented the seller.
The transaction was facilitated by Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt, who represented the seller.
He will focus on providing quality retail services out of the Fort Lauderdale office in his new role.
The firm, led by Jaime Sturgis, continues to drive Bagels & Co.’s Florida expansion, brings Mercedes sprinter van showroom to Fort Lauderdale and a new food-and-beverage concept to Pompano Beach.
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.
Prior to joining Lee & Associates South Florida, he served as Senior Associate at Apex Capital Realty and worked closely with CBRE, managing a national bank portfolio spanning three states and 150 locations.
Colliers Vice Chair Stephen Rutchik represented the long-term tenant in the lease renewal. Cushman & Wakefield’s Brian Gale, Andrew Trench, Ryan Holtzman, and Edward Quinon represented the landlord.
The purchase price translates to $230 per square foot.
The project is slated for delivery in October 2024.
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