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Zenith Investing $2.5 Mil in Rehab

OAKLAND PARK, FL-The affiliate of Brenner Real Estate Group is renovating a 188,000-sf industrial warehouse that it acquired last year for roughly $23.27 per sf in this Broward County city, 28 miles north of Miami.

By David R. Corder | Updated on July 30, 2001

OAKLAND PARK, FL-Zenith Realty Investments is investing $2.5 million in a 33-year-old industrial warehouse the company acquired in October last year for abut $4.4 million from a private family trust.

The Deerfield Beach, FL-based affiliate of Brenner Real Estate Group Inc., which is handling leasing and property management at the site, is reconfiguring the 188,000 sf of space to accommodate either distributing or light manufacturing tenants that need up to 15,000-sf of space.

Work already has started on the project, with City Construction serving as the general contractor. Juan Caycedo of Retzsch Lanao Caycedo is the project architect. Colonial Bank is providing construction financing.

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