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Berger Commercial Realty Represents Forman Industrial Land, LLC in Sale of 15-Acre Parcel For More Than $10 Million

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Buyer Greystar plans to build 376 luxury garden-style apartments on prominent Davie site

FORT LAUDERDALE, Fla. – Berger Commercial Realty founder and President Lloyd Berger and Senior Vice President Steve Hyatt, along with Pat Montalbano of Montalbano Commercial Realty, represented Forman Industrial Land, LLC in the sale of 15.493 acres of land in Davie for $10,075,000 to CRP-GREP, an entity of Greystar. The deal closed June 26th.

Greystar plans to build 376 luxury, garden-style apartments on the highly visible site, which is located off Davie Road and I-595. 

“With the strong demographics of the Davie market and its excellent highway accessibility, this site fits perfectly with Greystar’s plan for upscale, garden style apartments in Broward County,” said Hyatt, who has been working with Greystar on other potential acquisitions in Florida.

Headquartered in Charleston, S.C., Greystar is a fully integrated multifamily company offering expertise in property management, development and investment throughout the United States. The company manages more than 190,000 units in more than 100 markets and has invested approximately $3 billion in multifamily investments since its inception in 1993.

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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