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| Lloyd Berger |
FORT LAUDERDALE, FL - Berger Commercial Realty President Lloyd Berger and Senior Vice President Joe Byrnes represented Austin Forman
and William Murphy of Lauderdale Marketplace Investments, LLC in the $27
million sale of Lauderdale Marketplace to Meir Benzaken of Exclusive Management
and Properties, Inc. (EMPI). The transaction closed on May 26.
The 265,000-square-foot retail property sits on a 30-acre
lot at the southeast corner of Oakland Park Boulevard and North State Road 7 in
Lauderdale Lakes.
In addition to closing the sale, Berger Commercial Realty
also was retained by EMPI to manage and lease the property.
Current tenants
include Broward Health, YouFit Health Club, Davita Dialysis, Papa John's, the
Broward Sheriff's Office, the Department of Veteran Affairs, and the Department
of Highway Safety and Motor Vehicles.
"Joe and I have represented Lauderdale Marketplace
since the late 1990s," Lloyd Berger said. "The property is located at
the center of the densest population in Broward County and receives some of the
highest traffic counts in the region. EMPI plans to capitalize on the
property's credit tenants and enhance the property over the coming months. This
is a great long term opportunity for EMPI and we are excited to be retained for
leasing and property management."
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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