SOUTH FLORIDA - Brenner Real Estate Group, a full service commercial real estate firm based in Fort Lauderdale, FL with offices in Melbourne, FL, has reported the closing of a multifamily property sale in Hollywood, an industrial sale in Pompano Beach.
Reese Stigliano, Senior Vice President, Brokerage, represented the seller in the following multi-family apartment sale:
*Trust Real Estate Ventures, LLC, a Hallandale Beach, FL real estate investment company, has purchased Madison Street Apartments located at 2316 Madison Street, Hollywood, FL. Mr. Stigliano represented the seller, Akron Corporation, a Miami Beach, FL based company, in the sale of the 36-unit residential apartment complex. The $1.125 million sale closed on February 28, 2013.
The transaction represents the second time Stigliano has sold the property. In 2010, Stigliano represented JP Morgan Chase in the sale of the property to Akron Corporation. According to Charles Goodman, president of Akron Corporation, “When I bought the property from Chase, I was extremely impressed with Reese. Even though he represented the Seller, I had complete trust in him. He treated me honestly and was a consummate professional all the way through the transaction. When I purchased the property, there was no due diligence material. Reese was extremely helpful, answering questions and tracking down missing documents needed for the closing.”
Goodman continued, “When it came time to sell the property, Reese was the first person I called. I admired his knowledge, his tenaciousness and I knew he would do a good job for me.”
Stigliano commented, “The property, built in the 50’s was not an easy property to sell. The 36 units are spread out as 18 duplexes on two acres of land. Fortunately, I was able to use all the work I did on the first transaction to make the second sale close without a hitch.” Trust Real Estate Ventures, LLC represented itself in the purchase transaction.
Helen Weissman, Commercial Associate, handled the following sale:
*Ramsey Halwaji has purchased a 14,280 SF industrial warehouse at 760 SW 12 Avenue, Pompano Beach, for a twelve-year-old printing company in a relocation from within Pompano Beach. Ms. Weissman represented the seller, Pensco Trust Co. The buyer represented himself.
Brenner Real Estate Group is a full-service commercial real estate firm providing asset solutions, brokerage, development, investment sales, property management, asset management, and receivership services for office, multi-family, industrial/commercial, and retail properties. The firm has been serving South Florida since 1987.
For more information, visit Brenner Real Estate Group on the web at www.breg.net, on Facebook at “Brenner Real Estate Group” or contact the firm at 1500 W. Cypress Creek Road, Suite 409, Fort Lauderdale, FL, 954-596-5555, or 6767 North Wickham Road, Suite 400, Melbourne, FL 32940, 321.242.4575.