Brenner Real Estate Group's Alberts and Stigliano Handle $4,350,000 Sale
FORT LAUDERDALE, FL– Brenner Real Estate Group, a full service commercial real estate firm based in Fort Lauderdale, FL with offices in Melbourne, FL, has closed the sale of the 61,149 SF Commerce Center at Fort Lauderdale Commerce Center. Kathleen Alberts, CCIM, Senior Vice President, Commercial Brokerage, has handled the leasing for Fort Lauderdale Commerce Center for the past 19 years. Brenner Real Estate Group has also served as property manager for the property for most of those years.
Commerce Center at Fort Lauderdale Commerce Center, a two-building Class B multi-tenant office/flex property built in 1986, is located at 5440-5450 NW 33rd Avenue, Fort Lauderdale, FL on 4.9 acres. Ms. Alberts, along with Reese Stigliano, SIOR, Senior Vice President, Commercial Brokerage of Brenner, were responsible for the building sale, representing the seller, Commerce Center Development Corp. of Bethesda, MD. Ms. Alberts and Mr. Stigliano partnered up on the marketing for sale transaction with their combined 50+ years’ experience in the commercial real estate industry. According to Ms. Alberts, “The market is ripe now with investors more confident in the economy and interest rates are still low. The property is located in a beautiful corporate park setting and can only appreciate in value.”
The buyer, Meridian Realty Property Warehouses, RLLP of Deerfield Beach, FL, was represented by Rick Zorovitch of Meridian Realty Property Warehouses, RLLP. Meridian Realty Property Warehouses is an investment company. Mr. Stigliano noted, “The buyer was selling a property and 1031 Exchanged it into the Commerce Center property to defer their tax liability. This was a strong investment.”
The sale was valued at $4,350,000.
Brenner Real Estate Group is a full-service commercial real estate firm providing asset solutions, brokerage, development, investment sales, property management, asset management, and receivership services for office, multi-family, industrial/commercial, and retail properties. The firm has been serving South Florida since 1987.
For more information, visit Brenner Real Estate Group on the web at www.breg.net, on Facebook at “Brenner Real Estate Group” or contact the firm at 1500 W. Cypress Creek Road, Suite 409, Fort Lauderdale, FL, 954-596-5555, or 6767 North Wickham Road, Suite 400, Melbourne, FL 32940, 321.242.4575.
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