Marcus & Millichap Brokers $7.5 Million Sale of 155-Unit Apartment Building in Satellite Beach, FL

Shore View Apartments, 50 Berkeley Street, Satellite Beach, FL

Michael Donaldson

 SATELLITE BEACH, FL,  Dec. 30, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Shore View, a 155-unit apartment community located in Satellite Beach, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $7,500,000.

Michael Donaldson and Nicholas Meoli, senior associates in the Tampa, Fla. office of Marcus & Millichap had the exclusive listing to market the property on behalf of the seller, based in Maryland.  The local buyer, a limited liability company, was also secured by Donaldson and Meoli.

Shore View is located at 50 Berkeley Street, across the street from the Atlantic Ocean in Satellite Beach, Fla. 

This 155-unit apartment complex is situated on approximately 8.5 acres of land and consists of five, two-story buildings built in 1964.

Nicholas Meoli

  Each unit is cable-ready, equipped with ceiling fans, oversized utility rooms, private patios or balconies and central heat and air-conditioning.

Common area amenities of the property include laundry facilities in each building, a state-of-the-art fitness center, several barbeque/picnic areas equipped with grills and tables, a junior Olympic-size swimming pool, basketball court and a 1,000-square foot clubhouse that is available for rent by tenants.

“Combined with the property’s unique location across from the Atlantic Ocean and the high occupancy level sustained over the last few months, Shore View Apartments was a ‘one-of-a-kind’ investment opportunity as evidenced by the 18 offers we procured from buyers all over the world,” says Donaldson.

“If you look at Florida’s inventory of beachside communities, they are typically smaller complexes with fewer than 100 units and have already been converted to condominiums, making Shore View a rare find.” 

“Overall, Shore View is an exceptional piece of real estate and a well sought-after investment with multiple exit strategies,” adds Meoli. 

For a complete copy of the company’s news release, please contact:

 Richard D. Matricaria

Regional Manager

Tampa, FL

(813) 387-4700

Marcus & Millichap Arranges Sale of 62-Unit Multifamily Community in St. Petersburg, FL for $3 Million

  

Fountain Court Apartments, 600 40th Street North, St. Petersburg, FL

  

Francesco
Carriera

ST. PETERSBURG, FL, Dec. 30, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Fountain Court Apartments, a 62-unit multifamily community located in St. Petersburg, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

The asset sold for $3,090,000.

Michael Regan

Francesco “Frank” Carriera and Michael Regan, vice presidents investments and Joshua Teplitzky, investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the local seller, a private investor. 

The listing agents also procured the buyer of the property, a limited liability company based in Safety Harbor, Fla.

Fountain Court Apartments was built in 1968 and is located at 600 40th Street North in St. Petersburg, Fla. 

Joshua Teplitzky

There are two, two-story buildings and two, three-story buildings consisting of one-, two- and three-bedroom floor plans.

 The property has undergone major renovations within the last two years which includes, new exterior paint, new roofs, updates to the pool, elevators, courtyard and the interiors of select units.

For a complete copy of the company’s news release, please contact:

 Richard D. Matricaria

Regional Manager

Tampa, FL

(813) 387-4700

The Partyka Group (PG) at NAI Realvest Expands, names Juan Jimenez a PG partner to focus on Investors from South America

Juan Jimenez

Orlando, FL – The Partyka Group at NAI Realvest has named Associate Juan Jimenez, a PG partner focusing on investment buyers from South America.

 Paul P. Partyka, partner at NAI Realvest, said the Partyka Group is focusing on investors from the Middle East and South America.

 Jimenez, a native of Colombia, is a graduate of the University of Central Florida, and has been with NAI Realvest for two years.  The Partyka Group has multi-lingual capabilities and can handle international transactions throughout the world.

 Partyka, a former mayor of Winter Springs, has more than 25 years of experience in commercial real estate and was recently recognized by CoStar as a Power Broker.

 For a complete copy of the company’s news release, please contact:

 Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com   

New Tenant to bring Tempting Aroma to Aloma Business Center in Winter Park, FL

Aloma Business Center, Aloma Avenue near the Greenway (State Road 417, Winter Park, FL

Winston Schwartz

WINTER PARK, FL--- Aloma Business Center recently negotiated a new long-term lease agreement for 1,875 square feet of industrial space and developer Winston Schwartz said he can’t wait for the new tenant to move in.

All From Scratch, LLC is an established specialty bakery based in Oviedo.

Aloma Business Center is located on Aloma Ave. near the Greeneway (SR 417).

For more information, please contact:  

Winston Schwartz, President, Winston-James Development, Inc. 933 Beville Rd., South Daytona, Fla. 32119; 386-760-2555;  

 Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

HFF arranges $114.7 million construction and equity financing for multi-housing development along Rose Kennedy Greenway in Boston, MA

One Greenway rendering planned along southern end of Rose Kennedy Greenway
in Boston's Chinatown neighborhood

 

Riaz A. Cassum

 BOSTON, MA – HFF announced today that it has arranged $114.7 million in financing for One Greenway, a to-be-built, Class A multi-housing property located along the southern end of the Rose Kennedy Greenway in Boston’s Chinatown neighborhood.

               HFF worked on behalf of the borrower, an affiliate of New Boston Fund, Inc., Urban Strategy America Fund LP, and the Asian Community Development Corporation to secure the $104 million construction loan through PNC Bank, People’s United Bank, and Boston Private Bank & Trust. 

HFF also arranged a $10.7 million equity investment from National Real Estate Advisors.

               Due for completion in Summer 2015, One Greenway’s North Building will consist of the following  components: a 21-story, 217-unit market-rate rental unit tower portion, a 10-story, mid-rise portion with 95 affordable-rate rental units, a 135-space, below-grade parking garage, and approximately 3,300 square feet of retail and 5,000 square feet of community space. 

Also included in the development is a new 1/3 of an acre public park.  The 1.5-acre site is located at the intersection of Kneeland and Hudson Streets adjacent to the Rose Kennedy Greenway and close to the Financial District and South Station. 

Porter Terry

               The HFF team representing the borrower was led by senior managing director Riaz Cassum and director Porter Terry.

               “HFF was thrilled to be involved with One Greenway given the transformative nature of this development,” said Cassum.  “It took a tremendous amount of effort and coordination to bring together the various capital sources for the project.”

               Founded in 1993, New Boston is a real estate investment management firm based in Boston, MA that manages more than $1.2 billion in private equity capital on behalf of high net worth and institutional investors.  

With nearly $3.5 billion in cumulative investment and development activity through eight successful private equity real estate funds, New Boston's value-added investment strategies focus on middle market investment opportunities in the Eastern United States.

Rose Kennedy Greenway park, Boston, MA

               Asian CDC is a nonprofit developer that specializes in affordable housing development, having built over $110 million of real estate in the Downtown and Greater Boston area over the last 24 years.  

The firm has experience taking complex, mixed-use development proposals through multi-agency, multiple stakeholder public approval processes.  

Among a multitude of other public subsidies, Asian CDC has successfully secured tax credit allocations and maintained program compliance for previously awarded projects.

  

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.twitter.com/hff.    

Marcus & Millichap Arranges Sale of Sandy Creek Apartments in Waycross, GA for $1.55 Million

  

Sandy Creek Apartments, 600 Summit Street, Waycross, GA

John E. (Jay) Brigel

WAYCROSS, GA,  Dec. 27, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Sandy Creek Apartments, a 80-unit apartment property located in Waycross, Ga., according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

 The asset sold for $1,550,001.

John E. (Jay) Brigel, a senior associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a government agency.  Brigel also represented the buyer of the property, a Georgia-based partnership.

 Michael Fasano, vice president and regional manager of Marcus & Millichap’s Atlanta office is the firm’s broker of record in Georgia.

Sandy Creek Apartments is located at 600 Summit Street in Waycross, Ga.  

The property was built in 1973 and consists of ten, two-story buildings.  Sandy Creek Apartments is located in a very desirable location, approximately one half-mile from the Mayo Clinic Hospital. 

Michael Fasano

Property amenities include a sparkling pool, an on-site courtesy officer and a laundry facility. 

“The asset was gifted to a local University three years ago and subsequently rents were never raised and capital maintenance items were allowed to mount,” says Brigel.

 “The University Foundation’s president is very excited about the final sales price and the buyer is equally excited about acquiring a nice value-add property.”

For a complete copy of the company’s news release, please contact:

Richard D. Matricaria

Regional Manager

Tampa, FL

(813) 387-4700

Steve Gabbert, CSBA, CBCP, LEED® AP of Snyder Langston is Elected to Board of Directors for U.S. Green Building Council Orange County Chapter

  

Steven Gabbert

IRVINE, CA (Dec. 27, 2013)— Snyder Langston, one of Southern California’s largest and most respected builders, is pleased to announce that its Director of Sustainability, Steve Gabbert, CSBA, CBCP, LEED® AP, has been elected by the Orange County Chapter of the U.S. Green Building Council (USGBC-OC) to serve on its Board of Directors for the 2014-2015 term.

“It is an honor to be elected to this position,” said Gabbert. “I am looking forward to serving on the USGBC-OC Board and will focus on building a stronger engagement within the organization, as well as further develop a culture of sustainability within our community.”

 This new board position is an extension of Snyder Langston’s passion for leading its sustainability initiative.  The firm has a deep-rooted philosophy and culture to be an advocate for green building and promoting the value of sustainability to its clients and their projects. 

 The USGBC-OC Chapter has more than 400 members which include developers, designers, investors, manufacturers, architects, facility managers, engineers and builders who work together to foster more sustainable, healthy and prosperous communities in Orange County. 

 The Chapter organizes regular events, workshops, meet-ups, and study groups to provide numerous opportunities for education, advocacy and networking.

A 10-year employee of Snyder Langston, Gabbert holds a Bachelor of Science, Regional Development, from University of Arizona, and is a LEED® Accredited Professional, a Certified Sustainable Building Advisor and Certified Building Commissioning Professional.

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

Related Plans 1,200 Miami Condos Across From Its 1,800-Unit ICON Brickell

ICON Brickell condominiums, Downtown Miami, FL

Jorge Perez

MIAMI, FL -- As the South Florida condo market rebounds from the devastating real estate crash of 2007, Miami billionaire Jorge Perez of the Related Group - the tricounty region's most prolific vertical residential developer - is proposing to build three towers with 1,200 condo units across the street from one of his earlier three condo tower projects - the 1,800-unit ICON Brickell - in Greater Downtown Miami, according to a new report from CondoVultures.com.

For the Related Group, the newly proposed project - dubbed the One Brickell and slated to go up at 444 Brickell Ave. - represents the 27th, 28th, and 29th new condo towers with a combined 7,500 units slated to be developed by the Miami-based company in the coastal tri-county region of Miami-Dade, Broward, and Palm Beach counties, according to the Preconstruction Condo Projects Database™ compiled by the licensed Florida brokerage CVR Realty™.

By comparison, the Related Group developed 24 new condo towers with more than 9,125 units in South Florida's seven largest coastal markets during the last boom-and-bust cycle that began in 2003, according to the Condo Vultures® Official Condo Buyers Guide™ series.

Peter Zalewski

With the new Related Group project, developers are now proposing at least 45 new towers with more than 13,400 condo units in the Greater Downtown Miami market that stretches from the Julia Tuttle Causeway south to the Rickenbacker Causeway, and Biscayne Bay west to Interstate 95 as of December 23, 2013, according to the Preconstruction Condo Projects Database™ compiled by the licensed Florida brokerage CVR Realty™.

Overall in South Florida, at least 182 new condo towers with more than 24,675 units are now proposed, planned, under construction, or recently completed in the tri-county South Florida region of Miami-Dade, Broward, and Palm Beach as of December 23, 2013, according to the Preconstruction Condo Projects Database™ compiled by the licensed Florida brokerage CVR Realty™.

(It is worth noting, real estate expert Peter Zalewski - founder of CraneSpotters.com in conjunction with the Miami Association Of Realtors - narrates weekly Official Preconstruction Condo Project Tours of South Florida's hottest coastal market, including Greater Downtown Miami, on Saturdays and Sundays during the winter tourism season.)

 For a complete copy of the company’s news release, please contact:

 Condo Vultures®

225 Midtown Building

225 NE 34th St.,

Suite 209B,

Downtown Miami, Florida, 33137.

PH: 800-750-0517.

Zip Realty Reports Housing Market Feels the Effects of Wintertime’s Chill

EMERYVILLE, CA -- Heading into one of the slowest times of year in the real estate market, it’s no surprise that median sales price growth has slowed, while the median days homes spend on the market have risen.

Lanny Baker

Although still in the healthy double-digit range, price growth in the 24 metros analyzed in ZipRealty’s Housing Trends Report dropped to its lowest level of the year at 11.3%.

 As of Nov. 30, the median sales price was $266,524. Yet in spite of this cooling off, western metros continue to outperform other regions in price growth, with Sacramento (+30%), Las Vegas (+30%) and the San Francisco Bay Area (+24%) leading the pack.

“We’ve just started to see that homes are also staying on the market longer, which may give buyers a bit of breathing room in what’s still a competitive housing market,” said ZipRealty CEO Lanny Baker.

 Of the homes analyzed in the report, the median days on market fell to 37, a 16% year-over-year decline.

Homes were selling at their fastest pace in mid-July of this year, when the median days on market for a home in ZipRealty’s study averaged 27, and the median selling period has now lengthened by about 37% or the equivalent of one-and-a-half weeks longer on the market.

“Metros on the West Coast, where we saw homes selling at a very rapid rate earlier this year, are now experiencing some of the biggest increases in median days on market,” Mr. Baker noted.

Markets with the largest increases in median days on market year-over-year as of Nov. 30 include Phoenix (+65%), Sacramento (+50%) and the San Francisco Bay Area (+9%).

For a complete copy of the company’s news release, please contact:

Stacey Corso

 Public Relations Manager

ZipRealty, Inc.

Office: 510.735.2667

Cell: 415.672.6460

www.ziprealty.com

Follow us on Twitter: @ZipRealty

Rhodes+Brito Architects Earn three-year Continuing Services Contract to Provide Architectural Services to City of Oviedo, FL

ORLANDO, FL-- Rhodes+Brito Architects in Orlando was recently awarded a three-year Continuing Services Contract from the City of Oviedo in Seminole County.

Ruffin Rhodes

Ruffin Rhodes, co-founder and partner at Rhodes+Brito Architects, said the firm will provide design, engineering and project coordination services on a per-project basis as the city requests.

Projects covered under continuing services contracts are typically small in scope and often involve renovations or planning studies, Rhodes said. The City of Oviedo contract stipulates a $2 million cap.

Rhodes+Brito, which opened in Orlando in 1996, currently employs a staff of 20, including eight registered architects. The firm has exceptional experience providing architectural services to municipal government agencies.

 For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 (fax: 4410)

Marcus & Millichap Special Report Notes Healthcare Demand Rises as American Care Act Phased-In

WALNUT CREEK, CA – Marcus & Millichap’s latest Medical Research Report notes the individual health insurance mandate remains slated to take effect in early 2014 despite the rocky rollout of the online health insurance marketplace.

Government forecasts predict the American Care Act (ACA) will reduce the uninsured, non-elderly population by 14 million individuals in its first year despite relatively light individual non-compliance penalties.

Over the following two years, forecast reductions to the uninsured population rise sharply alongside penalties, reaching 25 million individuals by 2016.

Expanded health insurance coverage will increase demand for medical services, as will the aging of baby boomers into their traditional retirement years.

The segment of the population aged 65 years and older, which accounts for an estimated one-third of all U.S. healthcare expenditures, will grow by more than 18 million individuals over the next 10 years.

 For a complete copy of the company’s news release, please contact:

Gina Relva

 Public Relations Manager

(925) 953-1716

Cleveland-Area Shopping Center Sells for $17.79 Million

North Olmsted Towne Center, Brookpart Road, North Olmsted, OH

Erin E. Patton

NORTH OLMSTED, OH– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of the North Olmsted Towne Center, a 95,446-square-foot shopping center located along Brookpark Road in North Olmsted, Ohio, approximately 17 miles southwest of Cleveland.

The $17,790,000 sales price equates to $186 per square foot.

            Scott Wiles and Craig Fuller in Marcus & Millichap’s Cleveland office, along with Erin Patton in the firm’s Columbus office, represented the seller, a local Cleveland investment group.

Wiles, Fuller, Patton and Dustin Javitch, who is also in the Cleveland office, advised the buyer, an out-of-state private investor.

Scott Wiles

            “Multi-tenant property transaction velocity in the Cleveland metropolitan area has nearly doubled over the past four quarters as local investors became much more active in the market,” says Wiles.

“Well-located, high-quality centers such as the North Olmsted Towne Center attract attention from local investors and out-of-area buyers from throughout the investor spectrum.”

            The property is located in the center of North Olmsted’s commercial district at 25100 Brookpark Road, State Highway 17, just east of the intersection of Brookpark Road and Great Northern Boulevard.

Great Northern Mall, a 1.2 million-square-foot super regional mall anchored by Macy’s, J.C. Penney, Dillard’s, Sears, Regal Cinema and Dick’s Sporting Goods, is across the street.

Craig Fuller

            Shadowed by Target and a Walmart Supercenter, tenants at the North Olmsted Towne Center include David’s Bridal, The Tile Shop, Jimmy John’s, La-Z-Boy, Men’s Wearhouse, Moe’s Southwest Grill, Party City and Pearle Vision.

            The property has its own signalized entrance with dedicated turning lanes, signage and landscaping. Other features include quality masonry construction, fascia molding, pitched roof façades, bay windows, stamped and stained concrete walkways and wrought-iron window decorations.

 For a complete copy of the company’s news release, please contact:

Gina Relva

 Public Relations Manager

(925) 953-1716

200-Unit Luxury Multifamily Trades Hands in Far West Houston, TX

 The Palms at Cinco Ranch apartments, near State Highway 99
at 23600 Farm-to-Market 1093 Road  Richmond, Texas,
within the Katy, TX independent school district.

Norman Eastwood

RICHMOND, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of The Palms at Cinco Ranch, a 200-unit, 218,388-square-foot multifamily apartment complex in Richmond, Texas, approximately 15 miles southwest of Houston. The terms of the sale were not released.

            Norman Eastwood, senior vice president investments in Marcus & Millichap’s Dallas office,  Jerry Goldstein, first vice president investments and Juan Cuevas, associate, both in the firm’s Houston office, represented the seller, an out-of-state private investor, and the buyer, Hudson Capital Investments based in Charleston, S.C.

            “The Houston metro’s apartment sector is riding tailwinds generated by one of the nation’s strongest and fastest-growing economies,” says Eastwood.

Jerry Goldstein

 “Broad-based hiring across multiple industries enhances the metro’s stature as a magnet for recent graduates from local and regional colleges, further expanding the pool of prospective renters.”

“West Houston and its surrounding suburbs have become an affluent white-collar area with strong entertainment and business sectors,” adds Cuevas. “The area is home to numerous restaurants, retail centers, shopping malls and businesses.”

            The property is located near State Highway 99 at 23600 Farm-to-Market 1093 Road in Richmond, Texas, within the Katy, Texas, independent school district. George Bush Intercontinental Airport is 20 miles northeast of the complex.

            Constructed in 2010 on 13-plus acres, The Palms at Cinco Ranch features a wide selection of one-, two- and three-bedroom floor plans ranging from 801 square feet to 1,496 square feet. The units have gourmet kitchens with deluxe appliances, including self-cleaning ovens, frost-free refrigerators with icemakers, built-in microwaves, multi-cycle dishwashers, garbage disposals and spacious pantries.

Juan Cuevas

Other apartment amenities include crown moldings, nine-foot ceilings, double vanities in the master bathrooms, separate showers, private patios or balconies, ceiling fans, built-in computer desks, walk-in closets and intrusion alarms.

            The Palms at Cinco Ranch is a gated, pet-friendly community that features shared amenities such as a state-of-the-art clubhouse, a business center with a conference room, a game lounge, a 24-hour fitness center, a resort-style pool with a large sundeck and Jacuzzi, a barbecue grilling area and 34 detached garages.

 For a complete copy of the company’s news release, please contact:

Gina Relva

 Public Relations Manager

(925) 953-1716

Beech Street Capital Closes $7.4 Million Fannie Loan to Acquire Tampa-Area Apartment Complex

                           

Ashton Oaks Apartments, New Port Richey, FL

Chad Thomas Hagwood

BETHESDA, MD – Beech Street Capital announced it provided a $7.4 million Fannie Mae conventional loan for the acquisition of Ashton Oaks Apartments, a 168-unit, garden-style apartment complex in New Port Richey, Florida, in the Tampa MSA.

Chad Thomas Hagwood, executive vice president for originations in Beech Street’s Birmingham, Alabama, office, originated the transaction. 

Brandon Pate of the Birmingham deal team managed the loan process.  This is the third transaction that the borrower, with over 30 years of commercial real estate experience in Florida markets, has completed with Beech Street.  

“The transaction underscores Beech Street’s deep knowledge of the evolving Florida market,” Hagwood says. “This is the second community we’ve financed for the borrower in a 20-mile radius.”

 Ashton Oaks was built in 2005 and is considered in excellent condition.  It was originally constructed as an age-restricted (55+) senior community with elevators in each building. It was converted to a market apartment community in 2007. 

Brandon Pate

 All of the units have a carpeted living area and vinyl/ceramic tile kitchen floors, wood cabinetry, balconies/patios, ranges, dishwasher, washer/dryer, and refrigerators. 

 The fixed-rate loan has 10-year term, 9.5 years of defeasance, and a one-year interest-only period, followed by 30-years amortization payable on an actual/360 basis.

Beech Street Capital, a Capital One company, is a mortgage banking company engaged in originating, underwriting, closing, and servicing high-quality multifamily, manufactured housing, student housing, senior living properties and long-term care facilities nationwide. 

Our multifamily and seniors housing experts customize each transaction to meet the needs of our borrowers with Fannie Mae, Freddie Mac, FHA, and non-agency lending sources. Beech Street is headquartered in Bethesda, Maryland, Beech Street has offices in Alabama, California, Florida, Georgia, Illinois, Massachusetts, New York and Texas.

Chad Thomas Hagwood, executive vice president of originations, manages the southeastern region for Beech Street Capital and is based in the company’s Birmingham office.  Hagwood is actively involved in the origination of multifamily, manufactured home communities and commercial real estate debt financing throughout the nation.   Over the course of his career, Hagwood has closed in excess of $5 billion in commercial real estate transactions and was Beech Street's Top Direct Originator in 2011 and 2012.  Web site:

For a complete copy of the company’s news release, please contact:

Courtney Lewis at 240-507-1948 or

 Jenifer Bernardi at 240-507-1946.

www.beechstcap.com

Berger Commercial Realty Brokers Close Lease for 14,000 Square Feet of Flex Space at Eastport Center in Fort Lauderdale, FL

Judy Dolan

FORT LAUDERDALE, FL (Dec.  23, 2013) - Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced brokers Judy Dolan and St. George Guardabassi represented landlord Eastport Center Joint Venture in leasing more than 14,000 square feet of flex space, located at 1881 W. State Rd. 84 in Fort Lauderdale, to Patterson Dental Supply, Inc., represented by Alex Brown of CRESA South Florida.

The 108,500-square-foot Eastport Center was built in 2000 and features industrial and flex space fronting State Road 84, near the Fort Lauderdale International Airport and Port Everglades with easy access to highways and centrally located in the tri-county area.

 For more information on available space and custom build-outs at the Eastport Center, contact Berger Commercial Realty at 954-358-0900.

 For a complete copy of the company’s news release, please contact:

Marielle Sologuren

msologuren@piersongrant.com

(954) 776-1999, ext. 226

www.bergercommercial.com