FORT LAUDERDALE, Fla. (April 20, 2018) – In a transaction that closed April 17, Berger Commercial Realty/CORFAC International Senior Vice President Steve Hyatt brokered the $4.525 million sale of a mixed-use property at the corner of Federal Highway and SE 6th Street.
Consisting of 25,000 square-feet of office and retail buildings on 1.4 acres, the property was acquired by 614 SFH, LLC, a partnership between Hudson Capital Group principal Steve Hudson and Marker Construction Group principals Grey and Peggy Marker. The partnership acquired the property from Thomas J. Miller, Trustee of The Miller Family Trust.
The property currently houses Miller Construction Company as well as the Thermae Retreat and other tenants. Miller Construction will remain on the property under a sale-leaseback agreement.
“This is a very prominent and key corner on Federal Highway in close proximity to Las Olas Boulevard and the center of downtown Fort Lauderdale,” said Hyatt, who represented Hudson and Marker in the purchase. “The new owners will continue operating the property in its current form. There are no plans for any development of the property in the foreseeable future.”
The seller was represented by Owen Duke of Edington Duke in the transaction.
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.