Foundation’s relocation provides meeting and convening space
for donors and nonprofits and allows for expansion of community work
FORT LAUDERDALE, Fla. (June 20, 2011) – The Community Foundation of Broward has found a new and larger home in downtown Fort Lauderdale to offer Broward residents a place to work together to improve their community.
The 10,000-square-foot property located at 910 E. Las Olas Blvd will be the Foundation’s new home for the next decade. The move allows the Foundation to expand its role in addressing pressing issues in Broward and provides for larger training and education facilities that reduce the expense of renting external space.
“We know we will continue to grow during the next ten years and wanted to find a great space and a great deal before conditions changed,” said Linda Carter, president and CEO of the Community Foundation. “From this new home the Foundation will act as the town square for community conversations. It is in the heart of the business community and provides easy access and great facilities to all those we serve.”
Berger Commercial Realty Corp. broker Steve Hyatt closed the agreement for the Community Foundation of Broward for the office space managed and owned by The Las Olas Company, Inc.
Hyatt served on the Community Foundation Board from 2002 to 2007 and commented that he understood the Community Foundation’s need for space, value and accessibility.
“Knowing the Community Foundation is a nonprofit dedicated to improving the lives of all Broward residents, our team worked tirelessly to find the right space at the right price,” said Hyatt.
The Community Foundation of Broward provides leadership on community solutions and fosters philanthropy that connects people who care with causes that matter. A public nonprofit organization with more than 400 charitable and agency endowment funds representing $100 million, the Community Foundation has distributed $50 million to support community solutions over the past 26 years.
“This was a long and focused process,” said Hyatt. “We looked at more than 35 properties. This location was chosen because of how it allows the Foundation to connect to the community it serves.”
Carter added, “Our journey took almost two years of investigation and involved many people. Their work and a favorable economic climate resulted in the s election of an exceptional facility.”
Hyatt serves as Senior Vice President of Berger Commercial Realty Corp and has more than 28 years of experience in commercial real estate and investment sales.
About The Community Foundation of Broward:
Founded in 1984, the Community Foundation fosters important community initiatives that seek to solve the most pressing needs in the community. Currently, those initiatives include the Re-engage for Good initiative to move retiring Baby Boomers into encore careers for social good, support of arts as social solutions; middle school education: and the Leadership Institute, which seeks to ensure Broward is defined by great nonprofit leadership. For more information about the Community Foundation of Broward, visit cfbroward.org or call 954-761-9503.
About Berger Commercial Realty Corp.:
Founded in 1998, Berger Commercial Realty Corp. is a full service commercial real estate firm. A local, independent and privately-owned firm, Berger can customize services and adapt to clients’ needs and the ever changing real estate market. Services include brokerage/tenant and buyer representation, property management, agency/project leasing, capital advisory/ investment sales, construction/project management, and retail services. The company established a dedicated division, Berger Special Assets, to serve as receiver and enhance the value of distressed properties by providing expert management, leasing and sales representation on behalf of lenders and financial institutions.