Sunday, July 5, 2015

Berger Commercial Realty Brokers Close Four Transactions in Broward County and Palm Beach Counties, FL

Annette Rey Bishop
FORT LAUDERDALE, Fla. (July 1, 2015) - Berger Commercial Realty brokers Annette Rey Bishop,  Judy Dolan, Keith Graves, Greg Milopoulos  and Jonathan Thiel recently closed four leases totaling more than 16,000 square-feet of space in Broward and Palm Beach counties.

Dolan and Milopoulos represented landlord GA 4711 N. Australian Avenue, LLC for the new lease of 1,532 square-feet of warehouse space in Mangonia Park to Safety 1st Playgrounds, Inc.

 The property, known as Mangonia Business Park, features tilt-wall construction, impact glass, large overhead grade-level doors, 18-foot ceilings, and ample parking.

 It is located at 4711 N. Australian Ave. just north of 45th St. and west of US 1.

Judy Dolan
Dolan also represented landlord 1936-1938 Hollywood, LLC for the new lease of 3,500 square-feet of office space to Evergreen Sweeteners. 

The class C office building was built in 1947 and is in the heart of Hollywood's Central Business District. The property is located at 1936 Hollywood Blvd., just west of Young Circle.

 Dolan, Graves and Thiel represented landlord CoFe Fund 1-Plantation, LLC for a new lease of 4,498 square-feet of office space to BrightStar Credit Union.

The suite is within Plantation Technology Park located at 1700 N.W. 66th Ave. in Plantation.

 The property includes a renovated lobby and common area, direct access to suites from the parking area, a campus-like setting and abundant parking.

Bishop and Dolan closed a renewal/expansion lease on behalf of landlord 2019-2030 Hollywood, LLC for 7,295 square-feet of retail space to Tardes Calenas Bar Restaurant. The property is located at 2025 A-B Hollywood Blvd. in Hollywood.

For a complete copy of the company’s news release, please contact:

Media Contact: 954-776-1999
Lexi Robinson, ext. 255,

Marielle Sologuren, ext. 226,

Marcus & Millichap Arranges Sale of 3,565-SF Net-Leased Jiffy Lube Site in Sarasota, FL

James Medefind
SARASOTA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Jiffy Lube, a 3,565-square foot net-leased property located in Sarasota, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. 

The asset sold for $1,050,000.

James Medefind, senior associate in Marcus & Millichap’s Tampa office along with Drew A. Kristol and Kirk D. Olson, both vice president investments in the firm’s Miami office, had the exclusive listing to market the property on behalf of the seller.

 The buyer, a private investor, was secured and represented by Mike Paspalakis, associate, Michael Donaldson, vice president investments, and Nicholas Meoli, associate vice president investment, all in the Tampa office. 

Jiffy Lube is located at 8624 South Tamiami Trail (U.S. Highway 41) in Sarasota, Florida. U.S. Highway 41 is the main north-south highway along the west coast of Florida. 

Drew A. Kristol
As a result, a substantial traffic count of over 45,000 cars per day pass in front of the subject property. The tenant recently opted to execute a new 10-year lease in lieu of an available five year option period, showing their commitment and success at this location.

“This transaction was a great example of Marcus & Millichap’s ability to access out of area buyers to maximize the net proceeds for our clients. 

"Through our collaborative platform we were able to source a buyer from New York looking to expand his portfolio in Florida. 

"We are seeing an increased flow of out of state buyers looking to take advantage of the attractive investment environment here in the Sunshine State,” says Medefind.

For a complete copy of the company’s news release, please contact:

Richard D. Matricaria
Vice President/Regional Manager
 Tampa, FL

(813) 387-4700