In November, the 11,000 sq. ft. Deerwood Office Space at 11400 SW 119th Avenue was leased to Enterprise Rent-A-Car for their South Florida Regional Headquarters.  Then in December, the 22,000 sq. ft. Deerwood Center at 11975 SW 140th Terrace was sold to Sunrise Home Health Care Company for $3,500,000. ComReal represented the Seller, Burger King Corporation. The facility had been originally constructed and operated by Burger King Headquarter’s backup data center.

In November, Mr. Houston had placed the three acres under contract, when shortly thereafter in January, PRC announced that it had filed for Chapter 11 Bankruptcy. ComReal calmly assisted both parties and the bankruptcy court to evaluate the property’s value and market conditions which lead to the court’s final approval of the sale. ComReal’s marketing efforts for all three properties were both comprehensive and methodical. The properties were collectively advertised via the website: www.deerwoodparkproperties.com.

Deerwood Financial Centre plans a 50,000 sq. ft., two story office building designed to withstand a Category 5 hurricane with full back-up power capabilities. The building is designed to appeal to financial institutions and others requiring  secure premises from which to provide operations center and data processing functions. The site has access to a fiber optic “pipe” and to Florida’s Turnpike Extension, the Palmetto Expressway and State Road 878- Snapper Creek Expressway, making it particularly suitable for operations center and data processing functions.

“These three recent, major commercial real estate transactions are proof that the South Dade commercial real estate market is strongly desired by both users and investor/developers.” states Edward Redlich. “In fact, ComReal Miami has increased its focus in the area and now has ten associates specializing in South Dade. Several of us have personally invested in South Dade’s commercial real estate. One example of this is our 232,000 sq. ft. warehouse/office development known as Eastgate Business Park in Homestead adjacent to the Speedway.”

For more information on Ed Redlich please call 786-433-2379.

The Seller was The Alexander’s of PDI Realty, also family-owned. Sallie & Bill Alexander both exclaim:  “The praise lay with Ed’s team and their professional approach.  They did the little extra things that made the process complete. Their frequent communications and willingness to be our eyes and ears in our absence was truly extraordinary. The follow up after the sale and the attention to detail deserves a big Hurrah!!!”

ComReal’s “team approach” provides additional skills and expertise, constant feedback and delivers clients frequent marketing reports. “We really enjoyed working with both families, understanding their needs and reaching a mutually beneficial conclusion.” states Ed Redlich. For more information on Miami’s industrial real estate market and/or consultation please contact Edward  J. Redlich, CCIM at 786-433-2379.