Colliers Executive Vice Presidents Michael Falk and Scott Weprin, Senior Associates Jason Weprin, Robert Dabrowski, and Associate Jonathan Temple represented the landlord, McCraney Property Company, in the deal. Managing Director and Partner David Kendall of SVN Safe Haven Advisors represented the tenant, GummyWorks, in the lease negotiations.
Bill Reichel with Reichel Realty & Investments handled the sale of all three properties for EML Realty Partners, which sold for a combined sales price of approximately $10 million.
The company began as a property management firm and remained solely focused on property management for the first years. Now, as one of the largest independently owned and operated commercial real estate brokerage and property management firms in South Florida, the company has grown to 45 employees with two offices in two counties, currently averaging approximately 300 brokerage transactions each year for a total volume of roughly $400 million.
The committee will assist in shaping the company’s strategy and direction, provide market guidance and expertise, review investment opportunities, and offer important perspectives and feedback.
The 61-acre site features building sizes ranging from 100,000-400,000 square feet, with approval for up to 700,000 square feet of industrial development.
Beck joined Berger Commercial Realty in 2019 as a sales associate and, in 3 short years, quickly climbed the ladder earning him the title of Vice President.
All three properties were fully leased at the time of sale and were previously owned by one private investor who sold each property to a different buyer.
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
The property offers spaces from 25,000 square feet to the entire building for lease.
The lease transactions in West Palm Beach, Broward and Miami-Dade Counties total 96,453 square feet on 12.5 acres.