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| Rendering of the Original Brooklyn Waer Bagel shop, 601 Southeast 3rd Avenue Fort Lauderdale, FL |
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| Steve Hyatt |
FORT LAUDERDALE, FlL -
Berger Commercial Realty brokers Steve Hyatt and Joseph Byrnes recently represented H20 Bagel LLC in the purchase
of a free-standing building, located at 601 S.E. 3rd Ave. in Fort Lauderdale,
for $450,000 from Michael Buckley and
his family.
Located across the street
from the new Broward County Courthouse, the existing building will be
demolished. A new free-standing Original Brooklyn Water Bagel prototype
restaurant, featuring an iconic water tower, will be built on the site.
"After a thorough
search of both retail lease and sale opportunities in downtown Fort Lauderdale,
the Original Brooklyn Water Bagel
Company selected this site due to its highly visible corner location directly
across the street from the new 741,000-square-foot Broward County Courthouse
Complex, the existing Broward County School Board headquarters, and the 110
Tower," said Berger Commercial Realty Senior Vice President Steve Hyatt.
Hyatt added that in
addition to the appeal of the surrounding commercial and government office
properties, the Original Brooklyn Water Bagel Company selected the site due to
its proximity to more than 2,000 new residential units under development on the
south side of the New River between Federal Highway and the SEC railroad
tracks.
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| Joseph Byrnes |
"This is a very convenient location for these new residents,
as well as a central hub and stopping point for the new Wave Streetcar line
scheduled to start service in 2016," he said.
The Original Brooklyn Water
Bagel purchase marks the eighth sales transaction Berger Commercial Realty has
handled in the downtown Fort Lauderdale market in the past 16 months.
The
firm's brokers have noted an uptick in area sales of small infill retail,
multifamily residential, and well-located office buildings since early 2010.
"Businesses recognize that the momentum in downtown Fort
Lauderdale is real, as evidenced by various new construction projects and
cranes once again dotting the skyline.
"Smaller players see the opportunity to
provide goods and services to a new wave of workers and residents, thus driving
the demand for commercial real estate space," Hyatt said.
For a complete copy
of the company’s news release, please contact:
Marielle Sologuren
Pierson Grant Public
Relations
(954) 776-1999, ext. 226
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