Done Deals: Resolve Marine Group Purchases Harbor Place Building in Fort Lauderdale For $8.9 Million in Deal Brokered by Berger Commercial Realty

Wednesday, May 20, 2015

Resolve Marine Group Purchases Harbor Place Building in Fort Lauderdale For $8.9 Million in Deal Brokered by Berger Commercial Realty

Judy Dolan

FORT LAUDERDALE, FL (May 20, 2015) - Regional commercial real estate firm Berger Commercial Realty announced the $8.9 million purchase of Harbor Place, a 36,000-square-foot office building located at 1600 S.E. 17th St. in Fort Lauderdale, by Resolve Marine Group, a Fort Lauderdale-based company that provides a variety of marine services to the global maritime industry.

Resolve Maritime Academy, a division of Resolve Marine Group, has been a tenant in the building since 2012.

Sold by 1600 17th St. Causeway, LLC, Harbor Place was 100 percent occupied at the time of sale, which closed May 14.

In addition to Resolve Maritime Academy, other tenants include HSBC bank, MHG Insurance, Vecenergy and Berger Commercial Realty.

Last year, Resolve Maritime Academy expanded its space in the Harbor Place building from 6,954 square-feet to 14,088 square-feet. The building currently houses a full mission engine room simulator, an ECDIS (electronic chart display information system) classroom to teach paperless navigation, and several classrooms for fire and safety courses, as well as the academy's administrative offices.

Raquel Monge

Resolve plans to further expand the school with the addition of cruise ship engine and bridge room training simulators, which were previously housed nearby at Resolve's corporate headquarters, located at 1510 S.E. 17th St.

"We are moving our high-tech simulators into the building so we can offer our students all of our training modules under one roof," said Joseph Farrell, Jr., president and CEO of Resolve Marine Group.

"We are very proud of our presence along the marine corridor of S.E. 17th Street and look forward to continuing to serve the worldwide marine community from our offices in Fort Lauderdale, long considered the marine capital of the world."

Judy Dolan and St. George Guardabassi of Berger Commercial Realty represented Resolve Marine Group in the off-market deal. Lloyd Berger and Keith Graves, also of Berger Commercial Realty, represented the seller, 1600 17th St. Causeway, LLC.

Resolve Marine Group retained the commercial real estate firm to lease and manage the building. Dolan and Guardabassi will serve as the property's exclusive leasing agents, and Raquel Monge, a senior property manager at the firm, will oversee the management and operations of the building.

St. George Guardabassi

Dolan and Guardabassi have represented Resolve in a number of real estate transactions over the past five years, including the company's original 2012 lease at Harbor Place.

The brokers also represented Resolve in the purchase of:

· the company's corporate headquarters building at 1510 S.E. 17th St.;
· property in Port Everglades for the expansion of the company's salvage business;
· and an 11,709-square-foot office building for $4 million from Ardell Marina, Inc. in 2014. That building is located at 1550 S.E. 17th St., directly in between Harbor Place and Resolve's corporate headquarters.