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550 S. Andrews Avenue, Suite 400, Fort Lauderdale, FL 33301

Berger Commercial Closes $27 Million Sale Of Lauderdale Marketplace

Berger Commercial Realty President Lloyd Berger and Senior Vice President Joe Byrnes represented Austin Forman and William Murphy ofLauderdale Marketplace Investments, LLC in the $27 million sale of Lauderdale Marketplace to Meir Benzakenof Exclusive Management and Properties, Inc. (EMPI).

The transaction closed on May 26.

The 265,000-square-foot retail property sits on a 30-acre lot at the southeast corner of Oakland Park Boulevard and North State Road 7 in Lauderdale Lakes.

In addition to closing the sale, Berger Commercial Realty also was retained by EMPI to manage and lease the property.

Current tenants include Broward Health, YouFit Health Club, Davita Dialysis, Papa John’s, the Broward Sheriff’s Office, the Department of Veteran Affairs, and the Department of Highway Safety and Motor Vehicles.

“Joe and I have represented Lauderdale Marketplace since the late 1990s,” Lloyd Berger said. “The property is located at the center of the densest population in Broward County and receives some of the highest traffic counts in the region. EMPI plans to capitalize on the property’s credit tenants and enhance the property over the coming months. This is a great long term opportunity for EMPI and we are excited to be retained for leasing and property management.”

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 about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or 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.

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