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.
CRE Florida Partners’ Tom Robertson Negotiates Sale Of Deerfield Beach Industrial Facility
Tom Robertson, Senior Managing Partner with CRE Rauch Lupo Robertson, CRE Florida Partners Company, recently completed the sale of an industrial property located at 3411 SW 11th Street in Deerfield Beach.
The 21,165-square-foot facility, which is situated on 1.3 acres, was built in 1987 and fronts on both 10th and 11th Street.
Tom Robertson
Robertson, who represented the leasing interests for the property on behalf of the seller, 3411 Building LLC, since 2002, represented the seller in the transaction.
Third Phase Coming To Lake Whitney Medical And Professional Campus
Construction of two mirror-image office buildings at 291 and 293 N.W. Peacock Boulevard is underway within the 15-acre lakefront business campus. The two-story, reinforced concrete and structural steel buildings will each provide 21,632 square feet of space.
Completion is scheduled for December, according to Miller Construction Company Sr. Vice President Brian Sudduth.
Tom Robertson
Geared for healthcare and professional office uses, suites ranging from 1,133 square feet are available, with Tom Robertson, principal of CRE Florida Partners and Rauch, Lupo, Robertson & Co., handling the leasing. Robertson has been representing the Lake Whitney property since 2006.
Lake Whitney Medical and Professional Campus’ first two phases are fully occupied by companies including WellMed, Kindred Health Care, Nurse on Call, Spine and Sport Rehab Institute, the Florida Department of Education and E/G of Florida Insurance and Risk Management. Hospital Corporation of America (HCA) has leased one of the two buildings currently under construction, for physician offices and medical specialty services.Geared for healthcare and professional office uses, suites ranging from 1,133 square feet are available, with Tom Robertson, principal of CRE Florida Partners and Rauch, Lupo, Robertson & Co., handling the leasing. Robertson has been representing the Lake Whitney property since 2006.
Located in the heart of St. Lucie West’s retail, restaurant and entertainment district, the business campus offers direct access to and from St. Lucie West Boulevard, I-95 and Florida’s Turnpike. The site is close to Martin Health System’s Tradition Medical Center, Lawnwood Regional Medical Center and Heart Institute and St. Lucie Medical Center.
In June, Nashville, Tennessee-based Hospital Corporation of America (HCA), a for-profit operator of health care facilities and largest such operator in the world, and Brookdale Corp., which merged with “Nurse On Call,” which provides home healthcare solutions through skilled nursing and rehabilitation. announced leases at the new, state-of-the-art, medical buildings.
Two National Companies Ink 34,000 SF In Lease Deals At Lake Whitney Medical & Professional Park
The Campus is situated on over 15 lake-front acres in the heart of St. Lucie West’s retail, restaurant and entertainment district. The new location will help HCA service its clients in St. Lucie County. The 22,700-square-foot space will be split between primary care doctors and specialty services such as OB-GYN and cosmetic surgery.
Tom Robertson
Tom Robertson, principal of CRE Florida Partners and Rauch, Lupo, Robertson & Co., represented the landlord in the deal. J. Forbes, CCIM with Barron and Associates represented HCA.
Brookdale Corp. (NYSE: BKD), also leased 11,351 square feet at Lake Whitney Medical and Professional Park, representing an expansion of its facilities. Brookdale Corp., which merged with “Nurse On Call,” provides home healthcare solutions through skilled nursing and rehabilitation. Brookdale Corp., with nearly 50,000 associates and more than 600 retirement communities, is the largest owner and operator of senior living communities throughout the United States.
Robertson represented the landlord while Brian Lightle with LBR Inc. represented the tenant in the deal.
The 20-acre, 165,000-square-foot medical office campus offers ideal live/work amenities including superb highway access, retail amenities within walking distance and luxurious residential communities coupled with top quality office space.
The campus’ two newest buildings front Peacock Blvd and are just minutes from Exit #121 on I-95, near the NY Mets Training Facility. The two new buildings are currently under construction and should be operational in January 2016.
Robertson has been representing the Lake Whitney property since 2006.
CRE Florida Partners Closes USDA Facility Sale In Pompano’s Gateway Industrial Park
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 Rauch Named CRE Florida Partners 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.
Rauch, a 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.
CRE Rauch Lupo Robertson & Co. Closes 47,000 SF Deal
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 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
“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. Expanding In Dade, Broward And Palm Beach
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 Closes Ten-Year Medical Office Lease
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.
“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.
Rauch, Lupo, Robertson & Co. Places Hotel Furniture Manufacturer In New Corporate Headquarters
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.
“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.
20,000 SF Industrial Investment Property Changes Hands
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
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.
CRE Rauch Lupo Robertson Inks Deal With 11,350 SF Tenant
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 Tapped To Market Deerfield Beach R&D Facility
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.