Search
 

Fairchild Renovates Asset, Plans Expansion

DANIA BEACH, FL-The firm revamps the 80,000-square-foot Airport Commerce Park and plans a new building at the site.

By Crystal Proenza | Updated on March 25, 2009

(Crystal Proenza is associate editor of Real Estate Florida.)

DANIA BEACH, FL-Fairchild Partners has completed a $1-million renovation of Airport Commerce Park, an 80,000 square-foot office complex owned by the investment arm of the commercial real estate firm. The four-building asset is located at 4101 Ravenswood Road, in close proximity to Fort Lauderdale-Hollywood International Airport, South Florida’s Tri-Rail system and Interstate 95. Improvements made to the building, including new facades, landscaping and installation of energy-efficient lighting, has brought the property from a class B to a B-plus asset, says Jose Juncadella, founder and principal of Miami-based Fairchild Partners.

The upgrade has also prompted Fairchild to utilize extra land it owns on the site by constructing a 10,000-square-foot office building. Ground is expected to break later this year on the single-tenant structure and be delivered by the second quarter of 2010. At a value of approximately $1.2 million, the new construction will feature impact resistant glass and will be designed according to the US Green Building Council’s LEED standards. The complex would be one of the first to gain certification in Dania Beach.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.