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Residential Condo Experts Expand Into Commercial Marketplace
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Written by Muriel J. Gibson   
Tuesday, 20 December 2011
Pordes Residential Sales & Marketing has opened a commercial division, Pordes Commercial, that capitalizes on the firm's unique skills in positioning properties and bulk sales. The company is bringing on several new agents and selling more properties than any other firm in the market.

Pordes has extensive experience in complex, large-scale commercial transactions. The company brokered the $125 million sale of 146 units at a luxury condominium at 2700 N. Ocean Drive on Singer Island. That deal satisfied the lender, relieved the developer of liabilities and provided the investors with a prime oceanfront property at an excellent price. The property has now been repositioned as Ritz-Carlton residences.

Other large-scale transactions include:

"Launching the commercial division was an easy decision," says Michael Internoscia, vice president of sales for Pordes. "We have completed five large commercial transactions in the past 12 months without having the division, so it was just time."

"We were already experiencing strong demand for our commercial property services," said company founder and president Mark Pordes. "Companies were seeking us out for our experience and expertise."

Pordes Commercial has just listed a $1.75 million parcel for One West Las Olas Boulevard in Fort Lauderdale, a proposed 10-story professional office building at the corner of Andrews Avenue and Las Olas Boulevard in downtown Fort Lauderdale.

The 47,000-square-foot project will have premium ground floor retail space and nine floors of Class A office space. The units of 1,000 square feet or more can be owner occupied or leased. Units have open plans and large windows at a Las Olas address.

The building site is along Riverwalk, a short walk from the Broward Center for the Performing Arts, Broward County courthouse and Florida Philharmonic. The offices will be just 10 minutes from Fort Lauderdale-Hollywood International Airport and Port Everglades.
Last Updated ( Tuesday, 20 December 2011 )