JLL worked on behalf the seller, Iron River Management on behalf of CF Partners Ltd., to complete the sale to the buyer, Keasbey, NJ-based Landmark Companies.
The buyer is planning a multifamilyn development.
The newest team member will help as part of Berger’s investment sales, land brokerage and acquisitions and dispositions services for both corporate clients and private investors.
The sale marks the second highest per unit sales price for its size, vintage and submarket.
The properties are located within the cities of Pompano Beach, Ft. Lauderdale, Hollywood, Miami Gardens, Opa Locka, Miami, and Homestead, Florida.
Berger Commercial Realty’s Stephen Hyatt and Judy Dolan represented seller in the sale.
The multifamily community was constructed in 2016 and features three distinct floor plans averaging 993 square feet.
The portfolio consists of six apartment communities built between 1963 and 1973 totaling 94 units. CLICK ON THE HEADLINE FOR MORE
The project would total 214,318 square feet, comprised of 209 apartments, 31,000 square feet of commercial space and 10,000 square feet of office space. CLICK ON THE HEADLINE FOR MORE
Construction is expected to begin early next year on the 102-acre site and the 300,000-square-foot first phase is on track to open for the holiday season of 2017. CLICK ON THE HEADLINE FOR MORE