March 5, 2015
BlueGate Hired To Market Pembroke Pines Office Building
G&C Herald Investors, LLC, a partnership between Grover & Corlew, LLC and Atlantic Creek Real Estate Partners, LLC, has retained BlueGate Partners, LLC to be its exclusive broker in the marketing and sale of Stemtech Square located at 2000 and 2010 NW 150th Avenue, Pembroke Pines, Broward County, FL. The Property is adjacent to and visible from the eastern right-of-way of exit 11 on Interstate-75, which has an average daily traffic count of over 150,000 cars at the Sheridan Street interchange. The Property is comprised of two, two-story office buildings totaling 77,193 sf of leasable office and finished warehouse space and is 100 percent leased as of March 2015.
The Property is anchored by Stemtech International, Inc., which was recently ranked by Inc. Magazine as one of America’s fastest growing companies. In addition, investors have the opportunity to realize significant upside potential as under market in-place leases expire and are re-leased at current market rents.
“This is an exceptional opportunity to acquire an extremely well located asset with excellent visibility from I-75.” said BlueGate’s Managing Partner Eric Bylin. “The buyer will be able to earn a stable cash flow yield with significant upside as in-place leases are brought to current market levels.”
BlueGate is a boutique real estate investment banking firm with offices in New York and Palm Beach, and offers services in the areas of investment sales, portfolio and property financing, and debt and equity capital raising for real estate projects.