New Player Joins South Florida CRE Market

Nov 14, 2011 No Comments by

Pordes Commercial has just listed a $1.75 million parcel for One West Las Olas Boulevard, a parcel with approvals in place for a proposed 10-story professional office building at the corner of Andrews Avenue and Las Olas Boulevard in downtown Fort Lauderdale, along Riverwalk.

The vision of the existing property owner was for a 47,000-square-foot project with premium ground floor retail space and nine floors of Class A office space, with the units of 1,000 square feet or more to be owner-occupied or leased.

Pordes Commercial is a new commercial division of Pordes Residential Sales & Marketing.  The new division will capitalize on the firm’s unique skills in positioning properties and bulk sales.

“Launching the commercial division was an easy decision,” says Michael Internoscia, vice president of sales for Pordes. “We have completed five large commercial transactions in the past 12 months without having the division, so it was just time.”

“We were already experiencing strong demand for our commercial property services,” said company founder and president Mark Pordes. “Companies were seeking us out for our experience and expertise.”

Pordes has extensive experience in complex, large-scale commercial transactions. The company brokered the $125 million sale of 146 units at a luxury condominium at 2700 N. Ocean Drive on Singer Island. That deal satisfied the lender, relieved the developer of liabilities and provided the investors with a prime oceanfront property at an excellent price. The property has now been repositioned as Ritz-Carlton residences.

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Broward County Office, Industry News, NA, Office
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