Berger Commercial Realty Facilitates $2.5 Million Land Purchase On 17th Street Near Convention Center, Port Everglades

Aug 17, 2017 No Comments by

Berger Commercial Realty/CORFAC International Senior Vice President Steve Hyatt represented 1717 Partners, LLC, an affiliate of local developer JM Properties, Inc., in the purchase of a .43 acre (18,721 square-feet) outparcel located at the high-profile corner of 17th Street and Eisenhower Boulevard, directly across the street from the Greater Fort Lauderdale/ Broward County Convention Center and Port Everglades.

Current plans for the prime outparcel include a 5,000-square-foot retail/restaurant building with potential for a drive-through.

The outparcel was part of a larger 4.3-acre site for which Hyatt brokered the $22.1 million sale to Alliance/Invesco in 2015 for development of the 394-room Broadstone at Harbor Beach luxury apartment complex, which recently has been completed.

 

“The 17th Street corridor offers unbeatable demographics for restaurants and retail businesses, and with plans on the drawing board for a Convention Center expansion and a new 800-room Convention Center hotel, it will continue to thrive,” said Hyatt.

Seller in the outparcel transaction was Harbor Beach TRS, LLC, an affiliate of Alliance Residential Company and Invesco Real Estate, represented by Colliers International.

 

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Broward County Retail, Industry News, Retail
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