Conness Crissy Real Estate Advisors Negotiates Sale Of Fort Lauderdale Industrial Building

Feb 07, 2018 No Comments by

Conness Crissy Real Estate Advisors’ (CCREA) Patrick Conness and Mike Crissy negotiated the sale of the Foam Factory Building, located at 3510 Northwest 53 Street in Fort Lauderdale.

Aquatic Endeavors Holding LLC purchased the 23,453-square-foot industrial asset for $3,250,000, or $138.58 per square foot, from Stanley Regent Revocable Living Trust.

The deal closed February 1, 2018.

Conness and Crissy represented the Buyer in the purchase.  There were no other brokers involved in the transaction.

 

“I have had a long-standing relationship with this buyer, having represented them on several lease transactions over the years,” explained Conness. “They were spread out in 3 different spaces and in order for the business to continue to grow, it was imperative that they bring all operations under one roof. We had been searching for a building to purchase for almost 2 years in this tight market, before locating this property.”

 

“The challenge in this particular transaction was strategically coordinating both the exit strategy for the seller while simultaneously organizing the move-in for our buyer, with as little down time as possible,” continued Crissy. “Even though it has been a long process, ultimately, we were able to help our client secure a facility that checked all of their boxes and allows them the necessary space to continue growing their business.”

Aquatic Endeavors Holding LLC, the buyer, is an entity of Boyd Enterprises and Reef Aquaria Design, multi-faceted companies catering to the aquarium and fish tank business, selling product used to maintain and clean aquariums and build custom fish tanks for clients all over the Southeast and the Bahamas. One of their most notable projects is the fish tank in the Steak 954 restaurant within the W Hotel on Fort Lauderdale Beach.

Conness Crissy Real Estate Advisors is a boutique brokerage and advisory firm based in Fort Lauderdale, Florida. With more than 30 years of combined industry expertise, the duo boasts a successful track record of representing local business owners as well as Fortune 500 companies throughout South Florida, including notable clients’ City Furniture, Sunbelt Rentals, West Marine, GE Aviation, Atlantic Southern Paving, and Delta Apparel. Their trusted relationships with these firms and their deep roots in the community have been instrumental to their success.

 

 

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Broward County Industrial / Flex, Industrial / Flex, Industry News
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