Berger Commercial Realty announced the sale of Palm Crossing South, a two-building, 61,135-square-foot small bay asset located at 3330-3350 NW 53rd Street in Fort Lauderdale.
BKM Capital Partners, L.P. acquired the property from SPG Palm Crossing, LLC. Berger Commercial Realty Senior Vice Presidents Jonathan Thiel and Keith Graves, CCIM, SIOR, along with Vice Presidents Daniel Forman and Lawrence Oxenberg represented the seller in the transaction. The sale closed September 8.
“Palm Crossing South presented an attractive opportunity for an experienced industrial investor,” said Thiel. “The property’s existing improvements exceed what many current small bay users need. Rightsizing the improvements can make the space better suited to those users and strengthen its long-term appeal.”…