Berger Commercial Realty/Corfac International Senior Vice President Jonathan Thiel and Vice President Lawrence Oxenberg negotiated the sale of 291,852 square feet of raw land in Miami Gardens, Florida.
Thiel and Oxenberg represented the Seller, Nancy D. Wiener and Melissa E. Schecter, in the $1,075,000 sale. The buyer, which remains confidential, intends to utilize the property for industrial mining.
The deal closed March 8.
“This sale transaction posed certain challenges with the subject land being located outside the Miami-Dade County Urban Development Boundary as well as being on a compressed Seller timeline,” explained Thiel.
Thiel and Lawrence Oxenberg were able to quickly reach out to their industry contacts to find the ideal Buyer who found value in this undevelopable land parcel for their nearby mining operations and successfully navigated many regulatory obstacles typical in this type of transaction and closed the sale ahead of the estimated Buyer/Seller schedule.
About Berger Commercial Realty/CORFAC International: Berger Commercial Realty/CORFAC International is a regional, full-service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com.
About CORFAC International: CORFAC International is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial, and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada, and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand, and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide.
