BOCA RATON, FL - Reese Stigliano, SIOR, Senior Vice President and Ken Silberling, Vice President of Business Development/Commercial Brokerage for Brenner Real Estate Group have completed a double play for their client, SNG Prosthetic Eye Institute. Mr. Stigliano and Mr. Silberling represented the client in the sale of their office building in Boca Raton, FL and coordinated the relocation to a new leased space in Delray Beach, FL.
The sale of the 4,010 square foot building located at 950 NW 9th Court in Boca Raton closed on Friday, June 13th for $1,225,000. The buyer was Welcor Holdings, LLC, a local real estate investment firm that plans on leasing the space to a physical therapist. The building which is located within walking distance to Boca Raton Regional Hospital, sold for over $305 per sq.ft. “This is a very high price for an empty building,” according to Stigliano, “but the location in east Boca Raton and the unique zoning of MC (Medical Center) made the property very desirable for a medical user.”
Once the building was under contract the next challenge was identifying a suitable alternative medical space to lease. Also, the client needed to close on the sale and be open for business in the new space virtually the same day without any down time. Stigliano and Silberling located a 2,611-square-foot medical office condo for lease in the South County Professional Center located at 16244 S. Military Trail in Delray Beach, FL where SNG Prosthetic Eye Institute signed a five (5) year leased valued at over $260,000.
“Reese and Ken did an absolutely fabulous job juggling the sale of my building and coordinating the relocation of my company,” said Nicole Garonzik, owner of SNG Prosthetic Eye Institute. “We sold the building on a Friday and by Monday morning I was opened for business in my new location.”
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.