Tag Archive for: tom robertson

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CRE Florida Partners Closes Sale Of Coral Springs Industrial Facility

Tom Robertson and Michael Rauch

Tom Robertson and Michael Rauch

Tom Robertson and Michael Rauch, Senior Managing Partners with CRE Florida Partners, represented History and Heraldry (H&H) in the sale of their industrial real estate facility located at 4001 NW 124th Avenue in Coral Springs.

Advanced Care Solutions, a supplier and distributor of medical supplies and equipment, purchased the ±24,258-square-foot Class A industrial asset for $2,900,000, or $120 PSF.

The 2005-built property features tilt wall construction, 24’ warehouse clear height, fully-sprinkled with dock and grade-loading doors, elevator served, and heavy power on 1.51 acres.

“Industrial distribution facilities in South Florida are becoming harder to source and this purchase represented a very good match for both Seller and Buyer,” commented Rauch.

“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,” added Robertson.

 

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CRE Florida Partners Closes Over $25 Million In Deals In 2015

Tom Robertson and Michael Rauch

Tom Robertson and Michael Rauch

Michael Rauch and Tom Robertson, Senior Managing Partners with CRE Florida Partners, closed over 603,110 square feet of office, industrial and land sale and lease transactions valued at $25,162,500 in 2015.

Noteworthy deals that CRE Florida Partners closed include:

  • Nashville, Tennessee-based Hospital Corporation of America (HCA) (NYSE: HCA), a for-profit operator of health care facilities and largest such operator in the world, leased 22,700 square feet in a new, state-of-the-art, medical buildings at Lake Whitney Medical and Professional Park, located at 291 NW Peacock Blvd. in Port St. Lucie West, within Lake Whitney Medical and Professional Campus. The deal closed in June 2015. Tom Robertson represented the landlord in the deal.
  • Brookdale Corp. (NYSE: BKD), which merged with “Nurse On Call,” provides home healthcare solutions through skilled nursing and rehabilitation, leased 11,351 square feet at Lake Whitney Medical and Professional Park, representing an expansion of its facilities. 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. The deal closed in June 2015. Tom Robertson represented the landlord in the deal.
  • Sand & Steel Properties LLC purchased an industrial property located at 3411 SW 11th Street in Deerfield Beach, FL. for $1,840,000 or $86.94 per square foot. 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. 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. The deal closed in October 2015.
  • Rauch and Robertson represented the seller in the sale of an industrial property located at 2150 NW 33rd Street in Pompano Beach, FL. The 1988-built, 15,656-square-foot facility, which is situated on 1.02 acres, is located within the Whispering Lakes Industrial Park near Sample Road and Powerline Road in Pompano. Allied Bingo Supplies of Florida, Inc. purchased the property from ACE Investment Holdings, LLC for $1,430,000, or $91.34 per square foot. The deal closed in December 2015.

“We anticipate this level of activity of lease and sale transactions to continue in 2016 within Broward and Palm Beach County markets – and certainly within the Pompano Beach area,” commented Rauch.

“As a result of the limited supply of investment product in the area and overpriced assets in Miami, Broward and Palm Beach continue to see steady demand and explosive growth and we expect it to outperform other markets across the U.S.,” added Robertson.

CRE Florida Partners 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 are commensurate with experience. Florida Real Estate License and Commercial Real Estate experience a must! Only qualified candidates should apply.

Interested parties should send resumes to mail@crefloridapartners.com.

Links:  CRE Florida Partners 2015 Transactions and Subject Property Photos

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CRE Florida Partners Closes 16,000 SF Deal In Pompano Beach

Tom Robertson

Tom Robertson

Michael Rauch

Michael Rauch

Michael Rauch and Tom Robertson, Senior Managing Partners with CRE Rauch, Lupo, Robertson & Co. recently completed the sale of an industrial property located at 2150 NW 33rd Street in Pompano Beach.

The 1988-built, 15,656-square-foot facility, which is situated on 1.02 acres, is located within the Whispering Lakes Industrial Park near Sample Road and Powerline Road in Pompano.

2150_NW_33_Street - 2Allied Bingo Supplies of Florida, Inc. purchased the property from ACE Investment Holdings, LLC for $1,430,000, or $91.34 per square foot.

Rauch and Robertson represented ACE Investment Holdings in the transaction. After multiple offers, the acquisition took just over 45-days to complete.

“Our firm is currently working with several prospective buyers that are actively looking for industrial user properties between 15,000 and 25,000 square feet with dock or ground level loading,” commented Robertson. “This is an optimum time for an owner to consider selling.”

“The industrial market In Broward County has been tightening since 2013 as values and rents have increased steadily over this period,” added Rauch. “This tightening has made it more difficult for owner/users to find a suitable property and has been the primary reason for the increasing values.”

 

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CRE Florida Partners Closes Sale Of Two Pompano Beach Office/Retail Assets

Tom Robertson

Tom Robertson

Michael Rauch

Michael Rauch

Michael Rauch and Tom Robertson, Senior Managing Partners with CRE Rauch, Lupo, Robertson & Co. have facilitated the sale of two freestanding office/retail properties in Pompano Beach.

2300 E. Atlantic Blvd.

2300 E. Atlantic Blvd.

East Village 2300 LLC, an entity owned by RMA Real Estate Services purchased 2300 E. Atlantic Boulevard, a 9,705-square-foot office building situated on nearly half an acre, for $975,000.

2125 E. Atlantic Blvd.

2125 E. Atlantic Blvd.

2125 E. Atlantic Boulevard, previously owned and occupied by attorney Charlotte Burrie, was purchased by Adache Real Estate for $420,000, or nearly $125 per square foot. The 1961-built office building, which is situated on ±0.16 acres, totals 3,368 square feet.

Both properties front Atlantic Boulevard, east of Federal Highway.

“The 2125 property has been the Law Offices of Charlotte and Donald Burrie since 1973. Vice Mayor/Commissioner Burrie recently retired from her law practice,” Michael Rauch commented. “RMA acquired 2300 from a Canadian Holding Company and intends to reposition the property within the Atlantic Boulevard East CRA District,” he added.

Rauch and Robertson represented the sellers in both transactions.

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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.

3411 SW 11th Street Deerfield BeachSand & Steel Properties LLC purchased the asset for $1,840,000 or $86.94 per square foot.

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.

“The property’s close proximity to Sawgrass Expressway and I-95 via SW 10th Street certainly added tremendous value to the offering,” said Robertson. CRE Florida Partners is currently working with several buyers looking for 20,000 – 40,000 SF Industrial buildings in Broward and Palm Beach County.

Tom Robertson

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.

“This transaction is one of the best examples I’ve seen of the way our firm handles long term relationships with our clients. Tom managed this property through lease up and sale with skill and patience,” added CRE Rauch Lupo Robertson Senior Managing Partner Michael Rauch.

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Third Phase Coming To Lake Whitney Medical And Professional Campus

lake-whitney-professional-parkMiller Construction Company has launched construction of the 43,264- square-foot third phase of Lake Whitney Medical and Professional Campus in St. Lucie West for owner Willard Development.

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

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.

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Two National Companies Ink 34,000 SF In Lease Deals At Lake Whitney Medical & Professional Park

LakeWhitneyPhaseIII - Side ViewNashville, Tennessee-based Hospital Corporation of America (HCA) (NYSE: HCA), a for-profit operator of health care facilities and largest such operator in the world, announced that it has leased a new, state-of-the-art, medical buildings at Lake Whitney Medical and Professional Park, located at 291 NW Peacock Blvd. in Port St. Lucie West, within Lake Whitney Medical and Professional Campus.

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

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.

Robertson commented, “We see a trend of national companies returning to St. Lucie County, especially with the appeal of Lake Whitney Office/Medical Park in the St. Lucie West market.”

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.

LakeWhitneyMedical&ProfessionalOffices

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.

Michael Rauch, President of Rauch, Lupo Robertson & Co. and CRE Florida Partners commented, “These two new lease transactions represent a significant commitment for both HCA and Nurse on Call and clearly demonstrates the confidence that these and other companies are making in the medical industry in an improving local market.”

Robertson has been representing the Lake Whitney property since 2006.

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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.”

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Michael Rauch Named CRE Florida Partners President

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.

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.

 

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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

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.

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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.

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.

 

 

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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.”