Deerfield Beach, Florida (August 2, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold two retail buildings in an off-market transaction. The properties were located at 5070 N. Federal Highway and 5056-5060 N. Federal Highway, in Lighthouse Point, Florida. The sellers, Lighthouse Point FP Inc and 5056 Federal LLC sold to 5060 Federal Investments, LLC and 5070 Federal Investments, LLC.
Frank Curcio, Associate, Brokerage and Advisory Services and Daniel Otten, VP of Brokerage and Advisory Services represented both the buyer and the sellers in this transaction.
“It’s a great time to sell in Broward County. We have seen positive momentum on the retail leasing side, the vacancy rate has dipped below 4% and strong investor demand for quality product continues to support low cap rates. Plus, with the amount of REO property down, the days of deep discounts are coming to a close,” said Frank Curcio, who specializes in investment sales at the firm’s South Florida office.
ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.
For more information, please visit: www.friedmanrealestate.com.
