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| Courthouse Law Plaza, Fort Lauderdale, FL |
FORT LAUDERDALE, FL (March 25, 2013) – Berger Commercial Realty
President Lloyd Berger and Senior Vice President Steve Hyatt recently
represented CBSA Law Plaza, LLC in the $4.925 million sale of the Courthouse
Law Plaza, located at 700 and 750 S.E. 3rd Ave in Fort Lauderdale, to the
AIDS Healthcare Foundation, which hired the firm to manage the
52,000-square-foot office property.
Last summer, CBSA Law Plaza retained Berger Commercial
Realty to reposition the property after Jacksonville-based Everbank filed a
foreclosure lawsuit against the company.
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| Tim Hackett |
After several months of improvements,
managed by Berger Commercial Realty Vice President of Property Management Tim
Hackett, the property was listed on the market.
"Our client
CBSA had several significant offers on the property, and after we helped them
evaluate their options, they selected the AIDS Healthcare Foundation,"
said Lloyd Berger. "All
stakeholders in the transaction were pleased with the result."
After the sale,
Everbank withdrew its lawsuit and declared the loan satisfied.
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| Lloyd Berger |
CBSA Law retained
approximately one acre of land adjacent to the property, previously used as an
overflow parking lot, which is now for sale. Hyatt is marketing the
parcel.
For a complete copy
of the company’s news release, please contact:
Pierson Grant Public Relations
(954) 776-1999, ext. 226
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