South Florida Office Brokers Association

Tag: steve hyatt

  • Berger Commercial Realty Facilitates Sale Of Fort Lauderdale HQ Office Building To Lennox Industries, Inc.

    Berger Commercial Realty Facilitates Sale Of Fort Lauderdale HQ Office Building To Lennox Industries, Inc.

    Berger Commercial Realty, a leader in South Florida commercial real estate services, is proud to announce the successful $16 million sale of Health Network One, a 29,890-square-foot corporate headquarters building situated on 2.68 acres at 2201 South Andrews Avenue in Fort Lauderdale.

    2001 South Andrews Avenue_Photo Provided by Berger Commercial Realty

    Senior Vice President Steve Hyatt of Berger Commercial Realty represented the seller, Dino Properties, LLC, in the transaction. The buyer, Lennox Industries, Inc. (NYSE: LII), a global leader in energy-efficient climate control solutions, was represented by Christopher Dubberly, Michael Meaden, Seth Ramey, and Jacob Sanchez of CBRE’s Fort Lauderdale and Dallas offices.

    Lennox plans to establish its southern region corporate headquarters and training center at the property, consolidating multiple offices into a single, centralized location. The company was drawn to the site’s turnkey, fully furnished condition, proximity to Fort Lauderdale-Hollywood International Airport, and access to major transportation routes and hospitality options, signaling a strategic commitment to South Florida.

    “This sale represents a win-win for both parties,” said Hyatt. “We’re proud to have represented Dino Properties from their initial acquisition of this property through its transformation into a highly desirable corporate headquarters building, and now its sale to a world-class company like Lennox. “We expected the highest offer to come from a developer, but Dino’s exceptional work on the building made it highly appealing to an end user, providing a move-in-ready situation for the buyer and a quick deal for the seller.”

    Originally constructed in 1949 and completely gut-renovated in 2014 into a modern, tech-inspired office space, the building stands as a prime example of adaptive reuse development in Fort Lauderdale. Previously a distribution center for Hughes Supply Company, the property was reimagined by Dino Properties with a forward-thinking design that attracted multiple offers from developers before Lennox’s acquisition.

    The sale underscores the ongoing gentrification and redevelopment of the South Andrews Avenue corridor, an area once dominated by industrial and service businesses that is now experiencing rapid growth with new multifamily, retail, and hotel projects underway.

  • Berger Commercial Realty’s Steve Hyatt, Brian Batchelder Negotiate Sale Of Pompano Beach Office Building For $12,750,000

    Berger Commercial Realty’s Steve Hyatt, Brian Batchelder Negotiate Sale Of Pompano Beach Office Building For $12,750,000

    Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt and Vice President Brian Batchelder represented the Seller, Federal Tower, Inc., in the sale of Federal Tower, located at 1600 South Federal Highway in Pompano Beach.

    Buyer Vera Fund, LLC paid $12,750,000 for the 68,711-square-foot office building, equating to nearly $186 per square foot. The buyer was represented by Nick Polyushkin, CEO and Founder of Vera Realty.

    The transaction closed January 24.

    Built in 1976, the iconic blue glass building is a highly prominent, 11-story Class B office building situated on 2.3 acres, with a strong history of high occupancy with long term tenants. It is located on the southern border of Pompano Beach and northern border of Fort Lauderdale within close proximity to two major hospitals – Imperial  Point Hospital and Holy Cross Medical  Center – and to upscale residential neighborhoods of Bay Colony and Imperial Point.

    The Buyer plans to renovate the building and attract additional medical and small office tenants. There is also potential for long term redevelopment of the entire site.

    “Well-located office buildings with a larger percentage of medical-related tenants continue to be a favorite asset class,” explained Hyatt.  “For obvious reasons,  medical real estate has not been impacted by the post Covid- work-from-home trend that has negatively affected other office assets.”

    This is the third property that Hyatt and Batchelder have sold on behalf of this client.

     

  • Berger Commercial Realty’s Steve Hyatt Negotiates Sale Of Fort Lauderdale Office Building For Company HQ

    Berger Commercial Realty’s Steve Hyatt Negotiates Sale Of Fort Lauderdale Office Building For Company HQ

    Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt represented the seller, Rawworld Enterprises LLC, in the sale of its office/retail property located at 2495 East Commercial Boulevard in Fort Lauderdale.

    Tricoastal Construction LLC paid $2,250,000 for the asset. The high-end residential construction company plans to convert the former vegan restaurant and dance studio to its corporate offices.

    “The property generated substantial activity due to its excellent condition and prime location,” explained Hyatt. “It sold and closed in less than 4 months.”

    The 6,657-square-foot building, which features Class A finishes throughout, is situated on .23 acres with 100 feet of frontage on E Commercial Blvd.

    This is the second property that Hyatt has sold for this owner in the past two years.

     

  • Cemex To Downsize, Relocate After $13.4M Office Sale In West Palm Beach

    Cemex To Downsize, Relocate After $13.4M Office Sale In West Palm Beach

    Cement producer Cemex USA will downsize its office space after selling its building in West Palm Beach for $13.4 million.

    The Mexico-based company sold the 65,760-square-foot office complex at 1501 Belvedere Road to District Pointe LLC, a joint venture between Index Investment Group and West Palm Beach-based Verdex Construction. The price equated to $204 per square foot.

    Cemex affiliate Rinker Materials constructed the building on the 4.85-acre site just west of downtown in 1983. Cemex was the sole occupant.

    According to Colliers International, Cemex is leaving the property in a few months. The company has less need for office space because more people are working virtually, so it will move to a smaller office nearby.

    As for the buyers, they will rebrand the building District Pointe, completely renovate it, and reposition it into a multitenant building. Verdex Construction, one of the largest general contractors in South Florida, will occupy a full floor of the building.

    Mark M. Rubin and Bastian Laggerbauer of Colliers International represented the buyers, while the sellers worked with Michael Feuerman, Steve Hyatt and Daniel Silver of Berger Commercial Realty.

     

    Source:  SFBJ

  • Berger Commercial Realty Sells Cypress Creek Corporate Corridor Building

    Berger Commercial Realty Sells Cypress Creek Corporate Corridor Building

    The Cypress Creek Center, among the most desirable buildings in the popular Cypress Creek corporate corridor, was sold for $4.8 million on March 11.

    Berger Commercial Realty/CORFAC Senior Vice President Steve Hyatt and Vice President Brian Batchelder represented the seller, Bright Angel, Inc.  Previously, Berger Commercial Realty represented the seller in the successful sale of a commercial warehouse property during 2019.

    South Florida Innovative Office, LLC, the Cypress Creek Center buyer, intends to take over the building’s leasing and management, as well as renovate the common areas.  Built in 1997, the building was remodeled in 2018.

    “This is South Florida Innovative Office’s first entry into the Broward office market and they’re looking to acquire more,” Hyatt said.  “The Cypress Creek Center has been well-maintained and provides a solid basis for a long-term, stable investment in an established market.”

    With 38,707 square feet situated on 1.75 acres with industrial zoning, the three-story Class B building is located at 1000 N.W. 65th St. in Fort Lauderdale centrally between I-95 and Florida’s Turnpike.

     

  • Berger Commercial Realty Negotiates 5-Year Lease Deal At Tides At Bridgeside Square

    Berger Commercial Realty Negotiates 5-Year Lease Deal At Tides At Bridgeside Square

    Berger Commercial Realty/Corfac International Senior Vice President Steve Hyatt and Sales Associate John Forman represented the landlord, Shula Spirit Investments, LLC in a 5-year, 2,485-square-foot lease deal at Tides At Bridgeside Square, located at 3020 NE 32 Avenue in Fort Lauderdale.

    The tenant, 3033 Group, LLC, has leased the offices on behalf of its iconic entities, Shooter’s Restaurant and The Grateful Palate. The space will serve as management offices.

    “Based on location and current space needs, this was an ideal situation for both very successful and locally owned restaurant groups,” commented Hyatt.

    The Tides At Bridgeside Square is a professional Class A office building located in Central Fort Lauderdale at Oakland Park Boulevard and Florida State Road A1A, minutes from the ocean and intracoastal waterways. The 2001-built property features 24-hour security, impact windows and includes the option to use all of the residential amenities.

  • Construction Begins On First New Office Building In Ft. Lauderdale’s SOLO District In Nearly 30 Years

    Construction Begins On First New Office Building In Ft. Lauderdale’s SOLO District In Nearly 30 Years

    This week, Blackhawk Properties & Investments, LLC began construction at 550 S. Andrews Ave. in downtown Fort Lauderdale.

    Upon completion in the spring of 2019, the property will consist of the 550 Building and SOLO Shoppes, a 95,532-square-foot, seven-story tower with six floors of office space and 7,500 square-feet of restaurant and patio space on the ground floor.

    Featuring an attached parking garage with more than 600 spaces, the Class A building will be the first new office building in downtown Fort Lauderdale’s South of Las Olas (SOLO) District since 1989.

    “The 550 Building will be a great addition to an area that is burgeoning with residential development and lacking in modern office, retail and restaurant space,” said Joseph Byrnes, a senior vice president with Berger Commercial Realty/CORFAC International, the exclusive leasing and property management firm for the 550 Building. “Several office tenants and restaurant operators have been monitoring the progress of the project and are actively speaking with us to advance their plans for occupancy.”

    Formerly home to the Justice Building, the site was purchased by Blackhawk Properties for $3.6 million in 2013. In 2016, Blackhawk acquired the neighboring site, previously owned by former Fort Lauderdale Mayor Jim Naugle, to accommodate the parking garage and SOLO Shoppes. The lot is adjacent to the Broward County Judicial Complex at the northeast corner of Andrews Avenue and S.E. 6th Street, which boasts one of the highest pedestrian traffic counts in Broward County.

    Developers of the 550 Building include Thomas McDonald, Kate Murphy of Collins Capital Partners and William Murphy of Douglas Management. The 550 Building is designed by the award-winning architectural firm of Falkanger, Snyder, Martineau and Yates (FSMY).

    Along with Byrnes, Senior Vice President Steve Hyatt with Berger Commercial Realty is serving as the property’s exclusive leasing agent.

     

  • Berger Commercial Negotiates More Than 20,500 SF In Lease Transactions

    Berger Commercial Negotiates More Than 20,500 SF In Lease Transactions

    Berger Commercial Realty recently secured 20,580 square-feet in lease transactions on behalf of landlords in Broward and Palm Beach counties.

     

    Harbor Walk

    Senior Vice President Steve Hyatt represented Intervest Harbor Walk, LLC in leasing 4,360 square-feet of office space to AJT Media, Inc. at Harbor Walk, located at 1650 S.E. 17th Street in Fort Lauderdale.

    Harbor Walk is a 60,360-square-foot, four-story office building featuring renovated and updated common areas, building signage opportunities, an onsite restaurant and a structured parking garage. The building is located along the 17th Street Causeway, a major corridor that runs from east to west and connects Fort Lauderdale International Airport, downtown Fort Lauderdale, Port Everglades, Fort Lauderdale Beach and more.

    Merrill Industrial Center

    Senior Vice President Judy Dolan represented Merrill Industrial Center, Inc. in leasing 4,071 square-feet of industrial space to Cleaner Equipment, Corp. at Merrill Industrial Center, located at 3400 S.W. 26th Street.

    Situated on a 2.42-acre lot, the 134,132-square-foot warehouse park consists of three buildings and offers convenient access to I-95, I-595, Florida’s Turnpike, Fort Lauderdale International Airport and Port Everglades. Merrill Industrial Center features 20-foot clear height ceilings, dock and grade-level loading, ample parking, and close proximity to the Fort Lauderdale-Hollywood International Airport.

    Sample Executive Center

    Senior Vice President Keith Graves and Senior Sales Associate Jonathan Thiel represented Sample Executive Center, LLC in leasing 3,368 square-feet of office space to International Preparatory School, Inc. at Sample Executive Center.

    Located at 2001 W. Sample Road in Fort Lauderdale, Sample Executive Center is a 61,036-square-foot office building featuring ample parking, a glass front façade, lush landscaping and convenient access to Florida’s Turnpike and I-95.

    Prospect Park II

    Along with Graves and Thiel, Senior Vice President Joseph Byrnes represented AKF3 SF Light Industrial, LLC in leasing 3,186 square-feet of flex space to RCS Aviation, LLC at 3611 to 3375 N.W. 55th Street and 856 square-feet of flex space to Houston Gun Holsters, LLC at 3411 N.W. 55th Street in Prospect Park II.

    Located between I-95 and Florida’s Turnpike at Commercial Boulevard, Prospect Park II is an 81,925-square-foot master-planned business park featuring ample parking, round-the-clock access and flexible floor plans for move-in ready office suites and flex bays with grade-level overhead doors. Renovated over the past two years, Prospect Park II consists of eight buildings with units ranging in size from 902 square-feet to 5,589 square-feet.

    Executive Airport Business Center

    Dolan and Thiel represented TCPH Broward, LLC in leasing 1,629 square-feet of office space to Smartwater CSI, LLC at Executive Airport Business Center, located at 5101 N.W. 21st Ave.

    Executive Airport Business Center is a 73,130-square-foot, single-story office park featuring a diverse tenant mix of retail, business, medical, telecommunications and professional service industries. Situated on a six-acre lot just northeast of the Commercial Boulevard and Prospect Road intersection, Executive Airport Business Center offers close proximity to Fort Lauderdale Executive Airport, I-95 and Florida’s Turnpike.

    Woolbright Professional Building

    Sales Associate Robert Dabrowski represented Woolbright Properties & Investments, LLC in leasing 1,285 square-feet of office space to ODC Construction, LLC at the Woolbright Professional Building, located at 2240 W. Woolbright Road in Boynton Beach.

    The 79,204-square-foot, class-A, four-story office building is within minutes of I-95 on the south side of W. Woolbright Road just east of Congress Avenue. The building offers abundant parking, round-the-clock access, onsite management and signage opportunities.

    Cypress Creek Executive Court

    Thiel also represented Rising Tide Development, LLC in leasing 969 square-feet of office space to Blue Ocean Advisory Partners, LLC at Cypress Creek Executive Court, located at 2700 W. Cypress Creek Road in Fort Lauderdale.

    Cypress Creek Executive Court is a 70,287-square-foot office building offering frontage on Cypress Creek Road, round-the-clock access, plentiful parking and close proximity to I-95 and Florida’s Turnpike.

    Delray Office Plaza

    Dabrowski also represented Atlantic Avenue Properties & Investments, LLC in leasing 856 square-feet of office space to Horace Mann at the Delray Office Plaza in Delray Beach.

    Located at 4731 W. Atlantic Ave., Delray Office Plaza is part of a three-building business park featuring lush courtyards, round-the-clock access, floor-to-ceiling glass and private entrances and bathrooms in each suite. The park is within minutes of downtown Delray Beach and offers convenient access to Florida’s Turnpike and I-95.

     

  • Berger’s Steve Hyatt Closes $1.1 Million Deal

    Berger’s Steve Hyatt Closes $1.1 Million Deal

    Steve Hyatt, Senior Vice President with Berger Commercial Realty, represented Indigo Land Riverside Landings, LLC in the sale of 2.5 acres of vacant residential land, located at 1200—1215 S.W. 5th Court in Fort Lauderdale, for $1.1 million to Lavish Holding Corp, represented by Tom Evental of Domain Real Estate Services.

    The site plan is approved for eight single family homes and six duplexes.