FORT LAUDERDALE, Fla. – Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced broker Keith Graves completed a $1.1 million sale of a bank-owned 8,539-square-foot retail showroom.
The space, located at 1470 N.W. 107th Ave., was purchased by RY Investment Group, LLC. It was owned by Wells Fargo and being managed by Berger Special Assets, the receivership division of Berger Commercial Realty Corp.
“This was a great investment opportunity in the retail sector,” Graves said. “Deals like this one are helping South Florida’s commercial real estate market to rebound.”
About Berger Special Assets
Founded in 2008, Berger Special Assets, a division of Berger Commercial Realty Corp., serves as receiver, management company and leasing agent to enhance the value of distressed commercial and multifamily properties across the state on behalf of lenders and financial institutions.