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| Steve Hyatt |
FORT LAUDERDALE, FL (Feb. 17,
2016) - Senior Vice President Steve
Hyatt of Berger Commercial Realty recently represented Copeland Real Estate
Inc. in the $2 million sale of a 38,071-square-foot mixed-use property,
formerly Grady's Bar & Grill, to Highlands Equity Investments, LLC at 901,
903 and 915 S. Andrews Avenue.
Located just south of the
New River and the new courthouse complex, the property consists of the bar and
adjacent land on both sides of Andrews Avenue.
Located within minutes of I-95,
Davie Boulevard and U.S. 1, the property is in close proximity to 3,500
residences recently built or currently under construction in the Tarpon River
neighborhood.
Long considered a local
dive, Grady's was one of the oldest bars in Fort Lauderdale. Grady Copeland, a
Georgia native who hitchhiked to Fort Lauderdale on a vegetable truck in 1933,
purchased the bar for $1,200 and opened its doors on New Year's Eve in 1940.
Two weeks later, he married Irene Davis Copeland, who helped managed the bar
during World War II and the 1950s.
"After Grady's long
and colorful history, the second and third-generation owners were ready to
retire from the bar business," said Hyatt. "The new owner plans to
redevelop the infill site into a mixed-use property for retail and residential
uses."
For a
complete copy of the company’s news release, please contact:
954-776-1999
Lexi Robinson, ext. 255,
lrobinson@piersongrant.com
Marielle Sologuren, ext.
226, msologuren@piersongrant.com
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