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| Lloyd Berger |
FORT LAUDERDALE, FL -
Berger Commercial Realty President Lloyd
Berger and Broker Associate Greg
Milopoulos recently represented McNab Commercial Center No. 1, LLC in the
$8 million sale of McNab Commercial Center to Genet Property Group. The
transaction closed December 15.
"Genet Property Group
was the ideal buyer for this property as they understand the value and
characteristics of owning and managing small bay warehouse space. There's no
better operator of this type of product," Berger said.
Located at 7544 W. McNab
Road in North Lauderdale, the 135,000-square-foot multi-tenant industrial park
was locally owned and managed by McNab Commercial Center No. 1, LLC, a
partnership between commercial real estate developers Jack Loos and Austin
Forman that extends more than 20 years.
McNab Commercial Center is
situated on an 8.13-acre lot just west of U.S. 441 and north of Commercial
Boulevard, providing convenient access to Florida's Turnpike and the Sawgrass
Expressway. The property features ample parking, grade-level overhead doors and
up to 14 feet of clear ceiling height. McNab Commercial Center is currently 98
percent occupied.
Genet Property Group was
represented by Levy Realty Advisors in the transaction.
For a complete copy of the company’s news release,
please contact:
954-776-1999
Lexi Robinson, ext. 255,
lrobinson@piersongrant.com
Jane Grant, ext. 224,
jgrant@piersongrant.com
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