Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt and Judy Dolan represented seller Frank C. Adler Trust in the $3.8 million sale of 4.36 acres of vacant land located at the 900 block of East Dania Beach Blvd., to PRH Investments LLC.
The subject property is a 4.36-acre development site is zoned GTWY-MU, Beach Gateway Mixed-Use District. The property is located close to the Fort Lauderdale International Airport and the Port Everglades Cruise and Seaport along a main thoroughfare between US1 and the beach.
Dania Beach has multiple development projects in the works, including Dania Pointe, a mixed-use development, several hotels, and new multi-family development projects.
PRH Investments LLC is planning a multi-family development.
“Near the beach, shops, restaurants and other exciting developments, this site is the perfect location for the multi-family project that PRH Investments has planned,” commented Hyatt.
“Dania Beach is fast becoming an affordable alternative to Downtown Fort Lauderdale,” added Dolan. “As a result, it is a rapidly growing area, with a variety of other projects announced in the direct vicinity.”
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.