The Real Deal Miami

Forman Industrial Land sells 15-acre Davie tract for $10 million

June 28, 2012 01:30PM

Forman Industrial Land has sold just under 15.5 acres of land in Davie for $10.1 million, according to Berger Commercial Real Estate, which represented Forman in the deal. The buyer was CRP-GREP, an entity of Greystar, which plans to build 376 garden-style apartments on the site. Greystar is a multi-family developer based in Charleston. “With the strong demographics of the Davie market and its excellent highway accessibility, this site fits perfectly with Greystar’s plan for upscale, garden-style apartments in Broward County,” said Steve Hyatt, senior vice president at Berger, who represented Forman along with Berger President Lloyd Berger and Montalbano Commercial Realty’s Pat Montalbano. — Alexander Britell