The Park consists of approximately 530,000 square feet of small and midsize dock height and street level office / warehouse bays situated on approximately 30 acres of land within a designated Foreign Trade Zone and is comprised of one of the most diverse mixtures and configurations of warehouse units of any industrial park in Broward County.
The Buyer, Pelican Bays LLC, also appointed Levy Realty Advisors exclusivity to manage and lease the property, which is currently occupied by approximately 120 tenants.
Cushman & Wakefield secured $9 million in acquisition financing through Principal Life on behalf of the buyer.
“We have known Les and Steve for many years and we have a long history and successful track record working together to complete sale and lease transactions due to our close communication, trust and confidence in each other’s abilities,” explained Alan Levy. “It has been such a pleasure to work with both of them again on these recent deals.”
She has handled such notable transactions including the sale and purchase of East Port Center, a 108,500-square-foot showroom/warehouse property; Plantation Technology Center, a 98,000-square-foot multi-tenant office/flex building; and Harbor Place, a 36,000-square-foot office building on SE 17th Street in Fort Lauderdale.
A long-standing 44,000-square-foot tenant at the 515,000-square-foot Lauderdale Lakes Industrial Park, which is managed and leased by Levy Realty Advisors, purchased the building.
Levy has been awarded the exclusive right to manage and lease the newly acquired property. CLICK ON THE HEADLINE FOR MORE
An $800,000 common area renovation was recently completed at the building. CLICK ON THE HEADLINE FOR MORE
Levy was also awarded the exclusive right to manage and lease the industrial center. CLICK ON THE HEADLINE FOR MORE
Berger Commercial’s Lloyd Berger, Keith Graves, Joe Byrnes, and Roxanna Collins negotiated the deals. CLICK ON THE HEADLINE FOR MORE