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Monday, December 12, 2011

Broward County Real Estate Markets Heat Up In Winter



While the national commercial and residential real estate markets have been decidedly downward, Broward 
County real estate representatives aren’t feeling the chill.


“The winter months are truly the busiest of the year in 
South Florida—from large commercial buildings to 
residential properties, deals are closing,” said Melanie 
Levine of Mellex Title Services, LLC, a Plantation, Fla.-
based title services company and winner of Fidelity National Title’s Top Ten Agent for Southeast Florida award.


If trends continue in the current market, Levine predicts continued sales in the Weston 
(Western Broward County) market, which has shown some of the largest increases 
in homes sold versus homes on the market. In addition, South Florida vacation property 
sales have reached their highest point in five years since the market’s peak in March 2005.


“This is an excellent time to be an investor or buyer in Southeast Florida,” said Moe Veissi,
the president-elect of the National Association of Realtors in a speech given November 7 at 
the Miami International Real Estate Conference.


Capitalizing on the fast-growing commercial real estate opportunities in Weston is the 595 Corporate Park of Commerce. Located in Central Broward County, directly off Interstate 
595, the site has seen the benefits of prime location in a growing residential community.


“From a geographic and facilities standpoint, it’s the best project in town,” said Robert 
Lechter, managing member with REMS Group who developed the 42-acre site, visible 
from East and West I-595. “Commercial investors are attracted to the fact that it’s a 
state-of-the-art commercial park in a location where people are not only purchasing 
homes, but also buying goods.” 


Attracting Industries Near and Far


The 595 Corporate Park of Commerce (video) is home to Dragados, USA, the construction division of international company ACS Group, who specializes in promoting infrastructure 
and services. The company is currently conducting a $1.8 billion construction project along 
I-595, further enhancing the attractiveness of the Weston market. Also calling the 
595 Corporate Park of Commerce home, is the international headquarters of marine 
life artist Guy Harvey. The Sun-Sentinel recently reported that Guy Harvey, Inc. 
has announced plans to develop its second boutique Outpost resort, which travelers 
can reach via chartered plane from Fort Lauderdale.


[ More about Guy Harvey and their signage ]


As unemployment rates reached their lowest nationwide numbers—8.6 percent in 
November—since March 2009, the economic climate is right for job creation and new
businesses moving into the area. Considering the interest in the 595 Corporate Park of
Commerce and the growing Weston market, Lechter says he is not surprised at the market 
shift toward Weston.


“The 595 Corporate Park of Commerce is situated in one of the few areas in the entire 
country that is financially sound,” Lechter said. “We built this park with space to meet the 
needs of a variety of commercial investors.”


595 Corporate Park of Commerce has completed units available for purchase or lease, 
ranging from 1,970 sq. ft. to 10,000 sq. ft. For more information about opportunities to capitalize on this growing market, contact Maiko Winer with REMS Group at (954) 
474-1000 or mw@remsgroupinc.com.


This article was written by Rachel Nall exclusively for The Club, part of the Amplification, 
Inc. social media network. Click here regularly to check out Rachel's ever-expanding body 
of freelance work. Please follow along on Twitter and Facebook.


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