FORT LAUDERDALE, Fla. (October 4, 2018) – Brokers Lawrence Oxenberg and Jonathan Thiel of Berger Commercial Realty/CORFAC International recently represented Adnan Enterprises, LLC in the $1.16 million purchase of Midland Plaza from Horn Land TR #1.
Located at 201-203 S.W. 27th Ave. in Fort Lauderdale, Midland Plaza is an 8,800-square-foot retail strip center situated directly across from the new Riverbend Marketplace, a 37-acre shopping center anchored by Fort Lauderdale’s first-ever Walmart Supercenter.
“At 100 percent occupancy, Midland Plaza was a great investment opportunity for the buyer. With most of the tenants paying below market rent, there is plenty of upside. This, coupled with all of the new development activity in the area, made Midland Plaza a great opportunity for the new investors,” Thiel said.
For more information about Berger Commercial Realty’s brokerage services, call 954-358-0900.
About Berger Commercial Realty/CORFAC International
Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently-owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit www.bergercommercial.com.
About CORFAC International
CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.