Reese Stigliano, Senior Vice President of Brenner Real Estate Group represented the Seller in the sale of 1.5 acres of vacant land to McDonald's Corporation. Stigliano was hired by the Trustee for the Estate of the late Claude Lanier. The site is located in Pompano Beach at the intersection of NW 31st Avenue and MLK Boulevard at the entrance to the Florida Turnpike. The $1.05 million sale closed November 25, 2013.
The deal took two years to complete as Stigliano had to contend with plating issues involving Broward County Planning Council, Florida Department of Transportation, and the City of Pompano Beach. There were also estate issues as well as restricive covenants from McDonald's who didn't want its competitors on the adjacent parcels.
Reese still has to 1-5 acres available adjacent to the site.
For more information go to Reese's Blog Reese on Real Estate.