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| Joseph Byrnes |
FORT LAUDERDALE, FL (Sept. 27, 2016) - Berger Commercial Realty
was appointed by Rising Tide Development, LLC as the exclusive sales agent for
a portfolio consisting of three business parks in Fort Lauderdale. Listed at
$19.275 million, the properties span 16.24 acres and total 207,752 square-feet
of office, flex and industrial space.
Senior Vice Presidents Joseph Byrnes and Keith Graves and Senior Sales Associate Jonathan Thiel will serve
as the brokers for the portfolio, which includes:
Powerline Business Center,
an 82,339-square-foot grade-level warehouse, showroom and office park located
at 5601 N.W. Powerline Road, which is 97 percent occupied and offers high
visibility on Powerline Road;
Cypress Creek Executive
Court, a 70,822-square-foot business park located at 2700 W. Cypress Creek Road
that is 88 percent occupied and offers ample parking and convenient access to
all of Broward County and South Florida;
and Cypress Creek Business
Park, a 54,600-square-foot, two-building, single-story office and flex park
located at 6555 N.W. Powerline Road, which is 82 percent occupied and features
plentiful parking, round-the-clock access and flexible floorplans.
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| Keith Graves |
"These are
multi-tenant investment-grade properties with an in-place cash flow,"
Graves said. "This is a great opportunity for a potential buyer to acquire
premier commercial property as either an entry point into the local market or
as an addition to an existing commercial real estate portfolio."
Berger Commercial Realty
was appointed as the exclusive leasing agent for the properties in 2014 and has
increased the total average occupancy from 60 percent to 85 percent.
For more information about
Berger Commercial Realty's brokerage services, call 954-358-0900.
For a
complete copy of the company’s news release, please contact:
Lexi Robinson, ext. 255,
lrobinson@piersongrant.com
Marielle Sologuren, ext.
226, msologuren@piersongrant.com
954-776-1999
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