Berger Commercial Realty’s Steve Hyatt Negotiates Sale Of Delray Beach Parcel For $5.5 Million
The buyer is affiliated with Florida East Coast Realty.
The buyer is affiliated with Florida East Coast Realty.
The 11-story Class B office building is situated on 2.3 acres, with a strong history of high occupancy with long term tenants.
The non-profit organization will more than double its footprint.
National Homebuilder D R Horton, Inc. paid $8,052,750 for a large undeveloped parcel at the former nursery and farmer’s market retail store location totaling 18.6 acres, equating to nearly $433,000 per acre.
Hyatt, along with George Moraitis, represented Lighthouse of Broward, the preeminent nonprofit in Broward County serving the blind and visually impaired, in the pro bono transaction.
Maus & Hoffman is relocating from the Las Olas Boulevard area due to expansion needs and the sale of its prior location.
Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt represented the seller in the transaction.
Judith (Judy) A. Dolan, Senior Vice President with Levy Realty Advisors, LLC, and Stephen Hyatt, Senior Vice President with Berger Commercial Realty, joined forces to sell the two adjoining properties in Fort Lauderdale.
“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 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.
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