Michael Rauch and Tom Robertson, principals of  CRE Rauch, Lupo, Robertson & Co. have facilitated the sale of 1280-1288 SW 29th Avenue in Pompano Beach, Florida.

The ±42,897 square foot USDA facility was sold to Murvest Fine Foods, a purveyor of meat and specially food products in Ft. Lauderdale, for $3,075,000.

Murvest acquired the facility to continue its next phase of expansion. The facility contains over ±32,000 SF of food processing space including freezers, coolers, cooking and dry storage areas plus approximately ±10,000 SF of air conditioned warehouse. The building was built in1984 and was Boston Market’s main south Florida commissary during the 1990’s. The acquisition by Murvest took over a year to complete.

The acquisition by Murvest took over a year to complete. “We are very pleased to have finally acquired the property, originally one of the most well designed USDA plants in south Florida,” said John Murphy, Murvest’s owner. “While there is much work yet to be done we are confident the facility will serve our needs well”, he said.

“The industrial market is certainly improving even for specialized buildings such as this one and both buyer and seller representation assignments are increasing for CRE”, stated Rauch. Robertson added, “We worked long and hard to complete this transaction and a lot of credit should be given to the buyer and seller for completing a difficult sale.”

Michael RauchThe Board of Directors of CRE Florida Partners and Rauch Lupo Robertson & Co. (“CRE”) have appointed Michael Rauch, a principal and Senior Partner of the firm, to the office of President.

Together with the firm’s Managing Partners including Tom Robertson in Boca Raton, CRE is structuring for growth as the commercial real estate market begins a recovery. The firm is seeking to hire leasing and investment sales professionals in Dade, Broward and Palm Beach counties in 2014.

“This is an exciting step forward for us and we plan to focus our attention on continuing to improve our service capability for our clients in 2014 and beyond under Michael’s leadership,” stated Robertson.

Currently with offices in Pompano Beach, Boca Raton, and St. Lucie West, CRE will expand in Florida through acquisition or new partnerships and will add key salaried and commissioned professionals in Dade, Broward and Palm Beach counties (and additional markets) this year.

Raucha veteran commercial broker and real estate trust manager with over 34 years of experience, brings a substantial amount of knowledge to the firms operations.

“We are growing and improving our core competencies in all areas of our business, but at a sustainable pace that will balance our ability to fund expansion from operations. Our associates and staff are the best in the business and the foundation of our success and we locate our offices within the MSA’s we serve and are never far from the clients we value and respect,” Rauch commented.

 

Two investment groups have purchased two buildings located at 715 SW 17th Avenue and 725 SW 16th Avenue in Delray Beach.

Tom Robertson

Tom Robertson

Tom Robertson and Michael Rauch, Senior Managing Partners with CRE Rauch, Lupo, Robertson & Co., a CRE Florida Partners Company, procured both investors for the buildings.

The buildings, with a combined vacancy of more than 20%, traded for $55-$66 PSF.

Michael Rauch

Michael Rauch

“This was a particularly challenging closing due to the REO status of the 715 SW 17th Ave. property. Fortunately we were able to navigate the requirements on behalf of the buyer, HRA Properties and CREIG Corporation, resulting in a successful trade,” commented Rauch.

The high profile building, 725 SW 16th Avenue, is located East of I-95 and North of Linton Boulevard at SW 16th Avenue. Both of the buildings required significant capital investment to bring them into a “ready to lease” condition.

Robertson added, “Both transactions are great examples of private investors seeking well-located, value-added opportunities with some vacancy to provide upside through lease-up.  Palm Beach County’s industrial vacancy rate is approaching 7%, down from 9% earlier this year, with net absorption of nearly 37,000 SF in the third quarter, creating an even greater desire for investment in the county and greater South Florida area.”

The owners of the properties, MF Associates East Delray, LLC (725 SW 16th St.) and CREIG Corp. (715 SW 17th Ave.) were also represented by Robertson.

CRE Rauch, Lupo, Robertson & Co. is seeking leasing and investment sales professionals for its growing commercial real estate expansion in Dade, Broward and Palm Beach counties.

Multiple positions are available within these and other Florida markets that offer a unique ground floor career opportunity to work closely with the firms Founder’s Tom Robertson and Michael Rauch to move their vision for the CRE Florida Partners brand forward.

Commission and benefits commensurate with experience. Florida Real Estate License and Commercial Real Estate experience a must! Only qualified candidates should apply.

Send resume to mail@crefloridapartners.com.

 

 

CRE Rauch, Lupo, Robertson & Co. represented tenant Atlantic Pediatric Partners (APP) as well as the landlord, South Florida Business Ventures III (SFBVIII), in the site selection of a new state of the art medical facility in Lighthouse Point, Florida.

The ten-year lease was executed in August 2013 between APP, the parent company of South Florida Pediatric Partners (SFPP) and the landlord SFBV III.

APP is an eight-office regional pediatric medical practice throughout Florida.

4701 N. Federal Highway, Lighthouse PointThe search for a new home for APP began in the fourth quarter of 2012.  The process was lengthy due to very specific location requirements for the practice. The new facility, located at 4701 N. Federal Highway, in Lighthouse Point is approximately 4,600 SF and will be home for 4 of the 25 physicians in the practice. Occupancy is scheduled for December 1, 2013.

“Warren Izard, a principal with South Florida Business Ventures III, worked very closely with us and understood our needs for this specialty medical practice,” said Michael Rauch, Managing Partner at CRE Rauch, Lupo, Robertson & Co.

“While the process to understand and define APP’s needs was very detailed the group worked well together as a team,” commented Izard.

South Florida Business Ventures is a regional landlord and owns several office and medical investment buildings in South Florida.

 

 

Michael Rauch and Tom Robertson, Senior Managing Partners with CRE Rauch Lupo Robertson, a CRE Florida Partners Company, negotiated a lease with international hotel furniture manufacturer Bryan Ashley International.

The company will be relocating from their current location at 1704 Park Central Blvd North in Pompano Beach.

Newport CenterThe new 8,232-square-foot facility will be a state of the art showroom and corporate headquarters for Bryan Ashely International. Bryan Ashley is a multi-national firm with operations in the US, Southeast Asia and China and services the furniture industry internationally.

“This was a long and detailed negotiation and our broker was with us all way,” said Newport owner Todd Chilton.

Bryan Isackson, Senior VP of Sales at Bryan Ashley International, also commented on the lengthy and detailed negotiation process, “We are very pleased with the outcome and look forward to moving into our new home.”

The seven-year lease in Newport Center follows a string of successful real estate transactions in Palm Beach County.

 

 

43896596 - dollar money

Tom Robertson, Senior Managing Partner with CRE Rauch Lupo Robertson, a CRE Florida Partners company, recently closed on the sale of an industrial multi-tenant investment property located at 170 Commerce Road in

170 Commerce Road, Boynton Beach

Boynton Beach, FL to Highridge Properties LLC.

Although the purchase price has not been disclosed, the 20,352 square foot facility, which was built in 2001, was valued in 2012 at nearly $1.4 million.
“The property’s close proximity to I-95 via Gateway Blvd. certainly added tremendous value to the offering. This property in particular never had a vacancy for more than 60 days and the additional 150,000 square feet we represent for sale and lease within the highly-desirable Commerce Road corridor is no different,” said Robertson.Robertson represented the landlord, Commerce Road Realty Co., Ltd., in the transaction. He also handled the property leasing for the past several years.

“Industrial continues to draw significant interest, specifically well-located product with great access,” added CRE Rauch Lupo Robertson Senior Managing Partner Michael Rauch.

DACO Worldwide Marketing Corp., a wholesale building supplies distributor, has signed a 11,350 square foot, 3-year lease at Pembroke Commerce Center, located at 3866 Pembroke Road in Pembroke Park.

Michael Rauch and Tom Robertson, Senior Managing Partners with CRE Rauch Lupo Robertson, a CRE Florida Partners Company, negotiated the lease on behalf of the tenant.

This is the third location for the Jacksonville-based company.  Rauch was responsible for bringing the firm to Ft. Lauderdale in 2010.

“This was a tough requirement that required special outside storage, product staging areas and logistics proximity to the Port of Miami, Port Everglades and FTL International Airport. DACO is a regional credit tenant and is expanding in Florida and the Central American and Caribbean markets. We are their exclusive representative in the America’s region,” commented Rauch.

The Class A corporate industrial park, which is owned by landlord Pembroke Commerce Center II, is located 1/2 mile west of I-95 on Pembroke Road at SW 40th Avenue. In addition to easy access to I-95 from Pembroke Road, Hallandale Beach Boulevard and the Turnpike, this location benefits from its close proximity to both Miami and Ft. Lauderdale International Airports and Port Everglades.

Tom Robertson, Sr. Managing Partner of CRE Florida Partners LLC, added, “This assignment represents our commitment to serving our international commercial real estate clients and our expanding partnerships in Europe are a testament to this commitment.”

CRE Rauch Lupo Robertson, a CRE Florida Partners Company, has been appointed exclusive sales agent for 1432 E. Newport Center Drive, a 15,268-square-foot R&D office and warehouse building in Deerfield Beach, Florida.

The single-story facility is situated within Newport Center, a large, master-planned professional business park located 5 minutes from Interstate I-95, just south of SW 10th Street, with easy access to the Sawgrass Expressway.  The park features two hotels, a daycare center, and is home to many notable tenants including JPMorgan Chase, UM Sylvester, Quest Diagnostics, and Mapei Corporation.

The building, which was built in 1996, features 15,268 square feet of available R&D office and warehouse space, with 18’ clear ceiling heights.

“It’s a very vibrant time for warehouse properties to be sold in South Florida. The availability of well-located industrial buildings is dwindling daily,” said Tom Robertson, Senior Managing Director of CRE Rauch Lupo Robertson.

Michael Rauch, Senior Managing Director of CRE Florida Partners added, “With its location stand-by generator, 1,000 gallon propane tank and large-lighted monument signage, we’re confident the property will appeal to a broad base of buyers.”

The properties are being marketed by both Mr. Robertson and Mr. Rauch.

Robertson represented seller General Electric Superabrasives US Inc. in the sale of the 22,000 SF building located at 1111 W Newport Center Drive in 2010 and represented seller Stryker Medical Device Inc. in the sale of the 11,000 SF building located at 1425 E. Newport Center Drive in 2009.

Rising Star Gymnastics, Inc. has signed a 20,000 square foot, 5-year lease at 6500 W. Rogers Circle in Boca Raton, Florida.

Michael Rauch and Tom Robertson, Senior Managing Partners with CRE Rauch Lupo Robertson, a CRE Florida Partners Company, negotiated the lease on behalf of the landlord, US Emlak Corporation.

The gym offers a wide range of gymnastics classes and camps in the Boca Raton area from beginner to advanced for all ages and is also home to the Rising Stars Gymnastics competitive team featuring gymnasts from Level 1 through Level 9. This group of girls competes in USAG and AAU competitions throughout the state of Florida as well as out of state meets. The gym also hosts sanctioned gymnastics meets in the fall and spring.

“Rising Star Gymnastics is an expanding and very successful gymnastics operation, prompting the need to double their space from their former Boca Raton location,” stated Robertson.  “6500 W. Rogers met their needs and kept them close to the location they have called home for the past 10 years.”

Rauch and Robertson just secured the 30,000 square foot leasing assignment last month.

“The property is situated in the heart of Boca Raton’s most desirable industrial submarkets with immediate access to I-95 and the Florida Turnpike, and will be desirable location for many types of uses,” said Rauch.

The class A industrial property features 24’ ceiling height, dock and ground level loading,100% air-conditioned, 3- phase power, and ample parking.

6500 W. Rogers Circle, Boca RatonCRE Rauch Lupo Robertson has secured a 30,000 square foot leasing assignment at 6500 W. Rogers Circle in Boca Raton. The property is owned by U.S. Terra Corp.

The class A industrial property features 24’ ceiling height, dock and ground level loading,100% air-conditioned, 3- phase power, and ample parking.

Michael Rauch and Tom Robertson, Senior Managing Partners will serve as exclusive leasing agents for the assignment.

“The property is situated in the heart of Boca Raton’s most desirable industrial submarkets with immediate access to I-95 and the Florida Turnpike, and will be desirable location for many types of uses,” said Rauch.

CRE Rauch Lupo Robertson, a CRE Florida Partners Company, has been appointed exclusive leasing and sales agent for the Lake Whitney Professional Park in St. Lucie West, Florida.

The 211,000 square foot medical and professional office campus is located close to Interstate I-95, East on Exit 121. The complex houses 15 one- and two-story office buildings as well as individual office suites.

In addition, CRE Rauch Lupo Robertson will also market a 4-acre land parcel adjacent to the complex zoned for hotel, assisted living facility, and medical surgery center for sale or development.

“The complex offers tenants a variety of office solutions in an attractive environment,” said Tom Robertson, Senior Managing Partner. “The medical campus-style office park is well located for tenants to access I-95 and the Turnpike as well as major hospitals in the area, including the New Martin Memorial Hospital site at the Traditions Florida Center For Innovation and Lawnwood Regional Hospital.”

Tom Robertson was instrumental in the sale of two 9,000 square foot buildings on the site for approximately $4 million and the leasing of over 45,000 square feet of medical office space at the complex.