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| Keith Graves |
FORT LAUDERDALE, FL - Berger Commercial Realty, a regional,
full service commercial real estate firm, announced that broker Keith Graves
closed the $2,950,000 sale of an office building, located at 2500 Hollywood
Blvd. in Hollywood, for Weil Corp.
DST Investments,
LLC, represented by King Real Estate, purchased the four-story,
27,041-square-foot building as an investment. Built in 1976, the class B
building was 79 percent occupied with many long-term tenants at the time of
sale.
"With in-place cash flow, this boutique professional
office building was particularly attractive to investors seeking to establish
or expand commercial real estate portfolios in South Florida," Graves
said.
Strategically located near Hollywood's central business and
arts and entertainment districts, as well as local governmental offices, banks
and major roadways, the building will continue to be used as office space.
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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