Brenner: Press Release

Brenner Real Estate Group Announces Sale Of Grove Plaza, Coconut Grove Office Building, On Behalf Of 1st United Bank

Added 5/2/12 by Brenner Real Estate Group

            COCONUT GROVE, FL - Brenner Real Estate Group, a full service commercial real estate firm based in Fort Lauderdale, has announced a building sale in Coconut Grove, FL. Brenner’s Helen Weissman, Commercial Associate, and Suzanne Lopez, Commercial

Associate, were responsible for the sale of Grove Plaza, a 46,900 SF, seven story vacant office building at 2900 SW 28th Terrace, Coconut Grove, FL on Monday, April 30. Ms. Weissman and Ms. Lopez represented the owner/seller, 1st United Bank, a Florida Banking Corporation.

 The buyer, Valor Investments, Inc., an import and export company, was represented by Silvia Lorenzo and Chip Black of Esslinger-Wooten-Maxwell (EWM) Realtors.

             In December of 2010, the Miami-Dade County, FL Circuit Court of the 11th Judicial Circuit assigned Brenner Real Estate Group the Property Management Agreement for Grove Plaza on behalf of mortgagee 1st United Bank. Subsequently in June of 2011, 1st United Bank took title to the property and assigned property management and sales listing agreements to Brenner Real Estate Group.

             Says Suzanne Lopez, “The amount of interest in this property was amazing. We had the listing under contract a couple of times and we always had back-up offers. Helen and I were constantly getting phone calls and showing the listing. Owner/users and investors were interested in purchasing the property.  In the end, the buyer will take some space in the building and lease out the remaining space. We wish we had 10 more buildings like this one to sell.” The sale price of the property was $3,400,000.

             Brenner Real Estate Group is a full-service commercial real estate firm providing asset solutions, brokerage, development, sales investment, 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 West Cypress Creek Road, Suite 409, Fort Lauderdale, FL 33309, 954.596.5555.

 

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