Berger Commercial Realty Named Finalists In Three Categories For NAIOP’s 2022 Awards Of Excellence
Berger Commercial Realty/Corfac International has been named finalists in three separate categories for NAIOP’s 2022 Awards of Excellence, including Industrial Lease of the Year, Sale of the Year, and Rookie of the Year.
The NAIOP South Florida Awards of Excellence acknowledge commercial real estate professionals whose achievements have contributed to the region’s economic growth and business environment in a given year. Winners of the Awards of Excellence will be announced on Thursday, March 10 at the association’s 45th year of celebration at the Seminole Hard Rock Hotel & Casino.
Industrial Lease of the Year
Berger Commercial Realty’s Keith Graves, Joseph Byrnes, and John Forman represented Bridge Industrial in a 63-month, 290,000-square-foot lease with The Tire Rack at Bridge Point 595, located at 2700-2750 Bridge Way in Davie, Florida.
“There were several major hurdles in getting this deal to the finish line including COVID interruption, a major industry merger, and changing tenant requirements,” explained Graves. “Bridge Industrial and the Berger Team were engaged with the tenant for almost two years, before finally inking the impressive full building lease.”
Dave Veldman of Veldman & Morgan represented The Tire Rack, Inc. in the lease deal.
Sale of the Year
Berger Commercial Realty/Corfac International Vice President Jonathan Thiel, Senior Vice President Keith Graves, CCIM, and Sales Associate Daniel Forman, along with John Forman, represented Bridge Industrial in the purchase of 175 acres situated at the SW corner of NW 107th Avenue and NW 41st Street in Doral, Florida.
The deal closed December 15, 2021.
“We had to overcome extraordinary challenges to close this historical land sale that is arguably the most significant industrial sale transaction completed in 2021,” explained Berger Commercial Realty President Lloyd C. Berger.
The deal has been the talk of the brokerage community for three main reasons.
First, it is getting more challenging than ever to find any developable sites in the land constrained market of South Florida where industrial real estate remains in high demand thanks to today’s e-commerce-based economy. The property is the largest undeveloped tract of land in Doral, one of the fastest-growing cities in South Florida. While Doral has boomed with development over the past 15 years, this site has remained untouched.
Second, the site had been off the market, not listed for sale. Developers and brokers have been chasing this site for decades without any success.
And finally, if one were savvy enough to get in front of the property owners, they would say they are not interested in selling. Thiel, Graves and Forman, however, worked hard to clear all the hurdles and roadblocks that come with the transaction, clearing the way for Bridge to deliver a world-class logistics facility, Bridge Point Doral Distribution Center. Be on the lookout in mid-2024 for Phase I of the 2.6-million-square-foot project.
Rookie of the Year
Jordan Beck joined Berger Commercial Realty in 2019 as a sales associate. Prior to working in commercial real estate, Jordan worked in sales for a solar panel company for over 10 years. Jordan’s ability to source off-market deals and see them through to the finish line has made him stand out as a newcomer to the industry.
In 2021, Beck sourced 24 deals totaling $39,000,000, proving he has what it takes to thrive in this competitive industry.
His most recent transaction includes the sale of an off-market, 43,000-square-foot cold storage/food processing facility located at 1280 SW 29th Ave. in Pompano Beach, Florida, which sold for $15,750,000 to ACME Smoked Fish Group. The specialized property required a unique end-user for the deal to make sense. Together with Senior Vice President Joseph Byrnes, they had marketed the property silently off-market since the beginning of 2020.
“I have never seen someone new to the industry that has Jordan’s work ethic and instincts, commented Lloyd Berger. “ I often forget that he is a rookie and not a veteran in the industry. There is no doubt in my mind that Jordan will continue to have a successful career in commercial real estate.”
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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 is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide.
