Dizengoff-Trading Group Acquires 106 Condo Units at Bermuda Cay in Boynton Beach, FL

BOCA RATON, FL (July 16, 2010)–Dizengoff-Trading Group announced the bulk purchase of 106 condominium units at Bermuda Cay, (top left photo)  a multi-family property converted from apartment units to condos five years ago.

 The complex is located at East Woolbright Road and South Federal Highway on the Intracoastal Waterway in Boynton Beach, Florida.

Dizengoff paid $78 a square foot, which amounts to a 78 percent discount to the average selling price during the height of the real estate boom.

With the purchase, Dizengoff controls 66 percent of the 160 total units, most of which are already leased.

Bermuda Cay was built in 1975 and totally refurbished in 2005 just before the conversion. The property is located in a desirable residential area, which is reflected by the high occupancy rate of the community.

The community has several amenities including a waterfront promenade and swimming pool, poolside clubhouse and lounge, fitness center, lush tropical gardens with fountains and pergolas, a barbeque area, and gated entry.

Units feature well-designed one and two-bedroom floor plans, which average 992 square feet in size, and include new impact resistant hurricane-rated windows, upgraded kitchen and bathroom in select units, walk-in closets, and a private balcony with spectacular Intracoastal and courtyard views.

Bermuda Cay is walking distance to the beach and neighborhood shopping centers and is within minutes of the Boynton Beach Mall (lower right photo), Boynton Town Center, and the Renaissance Commons – a mixed-use development which includes over 7 million square feet of office, retail, and high-end residential space.

Dizengoff- Trading Company (1952) LTD. specializes in the development and management of residential and commercial properties.

The company has been ranked amongst the top 50 service and trade companies by Dun and Bradstreet in Israel, reflecting its considerable financial strength and wide-ranging capabilities.

The company has offices in Israel, the United States, the United Kingdom and the Czech Republic. For more information, visit the company web site at www.dizengoff-trading.com.

Media Contact: Todd Templin and/or Jennifer Clarin, Boardroom Communications
(954) 370-8999/ Todd Cell: 954-290-0810