Berger Commercial Negotiates $27 Million Sale Of Lauderdale Marketplace
Berger Commercial Realty President Lloyd Berger and Senior Vice President Joe Byrnes represented Austin Forman and William Murphy of Lauderdale Marketplace Investments, LLC in the $27 million sale of Lauderdale Marketplace to Meir Benzaken of Exclusive Management and Properties, Inc. (EMPI).
The transaction closed on May 26.
The 265,000-square-foot retail property sits on a 30-acre lot at the southeast corner of Oakland Park Boulevard and North State Road 7 in Lauderdale Lakes.
In addition to closing the sale, Berger Commercial Realty also was retained by EMPI to manage and lease the property.
Current tenants include Broward Health, YouFit Health Club, Davita Dialysis, Papa John’s, the Broward Sheriff’s Office, the Department of Veteran Affairs, and the Department of Highway Safety and Motor Vehicles.
“Joe and I have represented Lauderdale Marketplace since the late 1990s,” Lloyd Berger said. “The property is located at the center of the densest population in Broward County and receives some of the highest traffic counts in the region. EMPI plans to capitalize on the property’s credit tenants and enhance the property over the coming months. This is a great long term opportunity for EMPI and we are excited to be retained for leasing and property management.”
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