“This sale continues the trend of the purchase of land or buildings on Federal Highway and Sunrise Boulevard for redevelopment spreading north from downtown and The Flagler Village area,” commented Hyatt.
The buyer intends to renovate and lease the property.
Senior Vice President Keith Graves, CCIM, Vice President Jonathan Thiel , Sales Associate Lawrence Oxenberg and Sales Associate Daniel Forman will serve as the exclusive leasing agents.
Berger Commercial Realty/Corfac International Vice President Jonathan Thiel and Sales Associate Daniel Forman recently represented the landlord in the lease deals.
A new lease deal for 98,012 square feet brought the 677,318-square-foot logistics park to full occupancy.
The property is located in downtown Fort Lauderdale, just south of the New River. Zoning is high density RAC-CC which allows for office and multifamily development.
The 1972-built boutique office building is situated on .37 acres of land.
The future mixed-use project will utilize the existing building.
Berger Commercial Realty/Corfac International Managing Director-Palm Beach County Michael Feuerman, Esq., SIOR, CCIM and Sales Associate Daniel Silver, along with Matt Sultenfuss, SIOR, Managing Partner at Tampa-based Avocat Group, negotiated the deal on behalf of the tenant.
The first phase of Seagis @ Port 95 spans three industrial buildings, totaling 142,000 square feet.