Berger Commercial Realty’s Steve Hyatt Negotiates Sale Of Fort Lauderdale Office Building For Company HQ
The high-end residential construction company plans to convert the former vegan restaurant and dance studio to its corporate offices.
The high-end residential construction company plans to convert the former vegan restaurant and dance studio to its corporate offices.
The property consists of 35,850 square feet of retail space along University Drive, plus 19,680 square feet of office suites tucked behind the shopping center.
Stiles Vice President Bill Pace negotiated the transactions.
The prime new location marks Moxies’ second restaurant in Florida and sixth in the U.S. as Moxies restaurants continue to gain popularity across the U.S.
As South Florida’s markets continue to strengthen from the migration of out-of-state developers, Colliers facilitated the off-market sale of the Himmarshee development site in Downtown Fort Lauderdale. Colliers’ Director Bradley Arendt and Executive Managing Director Mika Mattingly represented both the buyer, Heights Advisors, and the seller, 111 Property Group, in the transaction. “This was a […]
“The property sold for close to $700 per square foot, which is noteworthy for an open-air strip center.”
The project’s sponsors consist of a seasoned development team that has been active in South Florida for decades.
Tony Arellano and Devlin Marinoff are overseeing leasing of the entertainment destination’s available retail, restaurant and office space.
The buyer’s plans include a multifamily development on the site.
The company manages and leases a ±4-million-square-foot, 41-property portfolio throughout the state of Florida comprised primarily of grocery-anchored shopping centers as well as mixed-use and office properties.
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