CBRE arranged the $34 million sale of a two-building industrial portfolio totaling 180,500 square feet in Riviera Beach, Florida. Robert Smith and Kirk Nelson of CBRE were the sole brokers representing the buyer, SL Acquisitions, a Silverman Group company, and will also oversee leasing under the new ownership. The seller in the transaction was Realterm Logistics Income Properties. The portfolio comprises 1701 Australian Ave., a 69,500-square-foot building that is fully occupied by a single tenant, and 2001 Australian Ave., a 111,000-square-foot multi-tenant property. SL Acquisitions has begun renovating both assets as part of its repositioning strategy.
LQ Commercial reported several additions to its Florida platform. The firm hired Griffin Broecker as an Associate in its Tampa office, where he will focus on the Tampa Bay market. Broecker brings a production record exceeding $15 million spanning leasing, sales, and asset management, including work on investment acquisitions for high-net-worth individuals and private entities across Florida. At LQ Commercial, he will provide landlord and tenant representation services across retail, office, and land assignments, with responsibilities that include canvassing and transaction management.
In a related move, Corr Commercial Advisors has joined LQ Commercial. The company was founded by Howard Corr, who now joins LQ as a Senior Associate, along with colleague Heather Pack, who joins as an Associate. Corr has four decades of commercial real estate experience in Florida. Since founding Corr Commercial Advisors in 2018, he has built a portfolio of development site offerings extending from Sarasota to Naples, and that business will now operate under the LQ Commercial banner.
On the development front, Kolter Urban, a Florida-based real estate development and investment firm, selected BCBE Construction as general contractor for 3300 Gulf Shore, a luxury waterfront residential project in Naples. The community will deliver 51 residences on Inner Doctors Bay, directly across from the Gulf. BCBE Construction is leading construction for the project as Kolter Urban advances its latest high-end residential development in the market.
In capital markets personnel news, Westlight Capital appointed Jay Glickman and Cloe Eiber as Vice Presidents. Glickman joins the firm from Vero Sade, the multifamily investment platform of Vero Capital, where he served as Chief Acquisition Officer and helped build and scale that platform from its launch. Eiber will focus on sourcing and executing investments and managing Westlight Capital’s expanding portfolio. She previously served as a Vice President at Rockwood Capital.
