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| Lauderdale Marketplace, Oakland Park Boulevard and State Road 7 Lauderdale Lakes, FL |
FORT LAUDERDALE, FL –
Berger Commercial Realty has been retained as the exclusive agent for the sale
of Lauderdale Marketplace, a
three-building retail property in Lauderdale Lakes listed for $32 million.
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| Joseph Byrnes |
Owned by Lauderdale
Marketplace Investments, LLC, notable tenants include Broward Health, YouFit
Health Club, Humana, Davita Dialysis, Papa John’s, the Broward Sheriff's
Office, the Department of Veteran Affairs, and the Department of Highway Safety
and Motor Vehicles. The property is 87 percent leased.
"Stability is a key
feature of this property with most tenants on long-term leases," said
Berger Commercial Realty Vice President Joseph
Byrnes, who has served as the property's exclusive leasing agent for years.
"The property's functional and versatile
building design, abundant parking, and convenient, central location have
created a history of stable occupancy and quality tenants over the years."
Lauderdale Marketplace is
located on almost 30 acres of land on the southeast corner of Oakland Park
Boulevard and State Road 7, a short distance from I-95 and Florida's Turnpike.
It was originally built in 1986 and 1987.
"In addition to its
stable tenant mix, Lauderdale Marketplace also provides an excellent long-term
opportunity to redevelop the entire site as a multi-purpose city center,"
Byrnes added. "The areas of central and western Broward County are
experiencing a boom right now, and Lauderdale Marketplace offers a prime
location for further growth."
For more information about
Lauderdale Marketplace, call 954-358-0900 or visit www.BergerCommercial.com.
For a complete copy of the company’s news release,
please contact:
Pierson Grant Public
Relations
954-776-1999
Lexi Robinson, ext. 255, lrobinson@piersongrant.com
Marielle Sologuren, ext.
226, msologuren@piersongrant.com
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