Berger Commercial Realty/CORFAC International Sales Associate Jake Michels successfully represented the Buyer, JLK MGT, LLC, in the purchase of a prime waterfront parcel located at 94-96 Hendricks Isle in Fort Lauderdale, Florida.
The sale closed on December 17 at a purchase price of $4,375,000.
The .29-acre lot, featuring 100 feet of waterfront, is ideally positioned just minutes from downtown Fort Lauderdale and the beach, making it an excellent location for luxury residential development. Currently home to two vacant multifamily buildings, the property will be demolished to make way for a new high-end development featuring exclusive residences.
“This sale represents a continued trend of new, upscale projects entering the prestigious Las Olas Isles neighborhood,” said Michels. “JLK MGT is committed to developing a truly exceptional residence that aligns with the growing demand for high-end waterfront properties in Fort Lauderdale.”
This transaction marks the fourth completed deal by Jake Michels on behalf of JLK MGT in the fourth quarter of 2024, highlighting both the demand for luxury real estate in the area and the strength of Berger Commercial Realty’s expertise in facilitating high-profile transactions.
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 (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.
