Berger Commercial Realty’s Thiel, Forman, Graves & Oxenberg Facilitate Sale Of Fort Lauderdale Industrial Property In Off-Market Transaction
“This off-market sale was uniquely timed, allowing both parties to capitalize on the opportunity.”
“This off-market sale was uniquely timed, allowing both parties to capitalize on the opportunity.”
This marks the third transaction between Berger Commercial Realty and the Seller, further solidifying their partnership. Both parties look forward to the continued development of this relationship and the positive impact it will have on the community.
Claude Senhoreti, a professional race car driver and owner of Sienna Motors, the Buyer, plans to expand operations into this newly acquired site, enhancing their reputation for high-end automotive offerings. In addition to expanding their vehicle sales, Sienna Motors aims to redevelop the surrounding area into additional automotive uses, further revitalizing the neighborhood.
In addition to leasing and marketing the project on behalf of the landlord, Berger Commercial Realty facilitated the sale of the land to Bridge Industrial for development in 2019.
Other lease deals recently executed in the building total 27,157 square feet.
The 55,000-square-foot automotive retail property was formerly occupied by the MINI franchise, which relocated to the new Lauderdale BMW dealership located 7 blocks north.
Thiel and Oxenberg represented the Seller in the sale. The buyer intends to utilize the property for industrial mining.
An engineering services company will occupy the space, relocating from its offices at 910 SE 17th St. in Fort Lauderdale.
The company will continue to lease and thrive in this location.
North Broward Hospital plans to occupy the entire building.
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