SLPA completes sublease deal for Italian Ice Cream Shop in Deerfield Beach:

On September 9, 2010, SARAGA & LIPSHY, P.A. represented Yo Berri in its successful negotiation of a sublease and equipment purchase for an Italian Ice Cream Shop on the beach in Deerfield Beach, Florida. The prior tenant was Ben & Jerry's. (by Tripp Vitto 10-08-10)

SLPA represents Bloom Center Condominium Association

In July 2010, SARAGA & LIPSHY, PA represented Bloom Center Condominium Association in its transition from developer control. Bloom Center is comprised of medical offices on Atlantic Avenue with approximately 18,000 square feet. (by Tripp Vitto 10-08-10)

 

SLPA Completes 30,000 S.F. Leasing Transaction

On August 3, 2010, Robert Saraga of SARAGA & LIPSHY successfully represented Relli Technology, Inc. of Boca Raton, Florida in a leasing transaction with Boca Industrial Park, Ltd. for 30,000 s.f. of industrial space located in the Boca Industrial Park, Boca Raton, Florida.

SLPA Closes $10,000,000 Real Estate Loan with Wells Fargo Bank

Despite the tight credit markets, Robert S. Saraga of SARAGA & LIPSHY on October 4, 2010, successfully closed a $10,000,000.00 refinancing of a Boca Raton shopping center. Wells Fargo Bank Middle Market Real Estate ("WFB") was the lender. The shopping center is commonly known as the North Dixie Center located on Spanish River Boulevard and Dixie Highway, Boca Raton, Florida. The Shopping Center is owned by North Dixie Center, LLC and is principally anchored by Bennet Auto Supply, Sherwin-Williams, Carvel Ice Cream and North Dixie Fitness. (by Robert Saraga 10-5-10)

SLPA Closes $25,425,000.00 REFINANCING WITH WELLS FARGO BANK

SARAGA & LIPSHY is pleased to announce on May 10, 2010 it represented 19^th Street Investors, Inc. in its loan refinancing of Bal Harbour Square Shopping Center in Fort Lauderdale, Florida with Wells Fargo Bank, N.A. The loan closing amount was $25,425,000.00. The loan proceeds of approximately $17,000,000.00 were used to pay off an existing mortgage and the remaining loan balance will be used to redevelop the Shopping Center for new national tenants. 19^th Street Investors is a subsidiary of Retail Property Group, Inc ("RPG"). RPG and its principal owner, Joe Carosella were recently featured in an article in the Sun-Sentinel. RPG is a regional shopping center developer with over 1 million square feet of retail shopping center space.