Thursday, December 12, 2013

Real Estate Website Redesigned With Mobile Version Added

We designed two new versions
of our website with you in mind
redesigned website with mobile version added

Redesigned Website

Our newly designed desktop version of the website offers users the ability to easily discover and learn about each of our commercial properties in South Florida.  Each property has their unique page that provides crisp photos, general information, relevant demographics, site plans, maps and more.

Optimized Mobile Version

mobile version of website
The mobile version of our website offers many of the same features provided within the desktop version, but optimized specifically for the mobile user.

Perfect Screen Size
No need to zoom in and out around the website to find what you want.  All of the building photos and information are customized to fit within the screen of any iPhone or Android mobile device.

Customized Property Search
Users can now quickly find properties directly from the Home Page, while filtering their search by property name, location, or type.

Google Maps and Directions
Each property page provides maps from Google that allow mobile users to quickly determine where the property is located, and directions on how to get there.

Contact Us
Direct links to call or email us about a property are located on every page.

About Sharpe Properties
Sharpe Properties is a commercial property management company, primarily leasing retail and industrial warehouses available for rent in both Miami-Dade and Broward County. For more information about our company, or to view our real estate available for lease, please call (305) 693-3500, or visit www.sharpeproperties.com

Tuesday, December 10, 2013

Vacant Hialeah Industrial Warehouse Gets Purchased And Leased On Same Day

Sharpe Properties is please to announce the purchase of a 3,600 square foot street-level industrial warehouse property by SP33 Warehouse, LLC (SP33 Warehouse).  With the help of Sharpe Properties, the new owner of the vacant warehouse was also able to have it fully leased out to a tenant on the same day as the purchase. The warehouse is located at 1040 East 33rd Street, Hialeah, Florida 33013, and Sharpe Properties will provide the property management and leasing.

Hialeah Warehouse Purchase

street-level industrial warehouse in Hialeah, Florida
Single-Bay Industrial Warehouse in Hialeah, FL
"The acquisition of this property was a perfect fit within our portfolio of Miami-Dade County industrial real estate. Because the location of this warehouse is adjacent to one of our other warehouse buildings we manage, we already knew the market rentals for the area," said Barry Sharpe, President of Sharpe Properties.

At the time of the purchase, the single-bay warehouse was completely vacant, and in need of improvements within the interior.  Because the warehouse was vacant and not generating income, bank financing was difficult to obtain.

Prior to closing on the property, Sharpe Properties identified a potential tenant to occupy the entire industrial warehouse bay, and began lease negotiations prior to SP33 Warehouse purchasing the property.  The Landlord, SP33 Warehouse, was able to execute a multi-year lease with a tenant on the same day of the closing.  By doing so, the property instantly converted from a vacant property to a income-generating fully occupied leased industrial warehouse.

"The leasing of the property happened so fast, that I had to put my vacation on hold, and quickly draft a lease agreement for the tenant to execute and sign the same day the property was purchased," said Mason Sharpe, General Counsel and Vice President of Sharpe Properties.

The Hialeah market is a very familiar place for Sharpe Properties. "Since 1960, Sharpe Properties has managed and leased commercial property from their management office located in Hialeah's industrial district," said Brian Sharpe, a Vice President of Sharpe Properties.

The new warehouse purchased by SP33 Warehouse is located along East Hialeah's busy East 10th Avenue, and features approximately 16' ceiling heights with office area and street-level roll-up garage door.

About Sharpe Properties

In the South Florida market area, covering Broward and Miami-Dade County, Sharpe Properties Group, LLC, d/b/a Sharpe Properties, handles property management and leasing of 25 commercial properties, consisting of retail, office, apartment, and industrial warehouse properties.

To view property listings of their managed commercial real estate available for lease, or for more information about Sharpe Properties, with their main office at 1060 East 33rd Street, Hialeah, Florida 33013, please visit www.sharpeproperties.com or call (305) 693-3500.

Tuesday, June 18, 2013

New Grocery Supermarket Not So Okey-Dokey

How can an unknown and non-existent grocery company quickly open up stores in South Florida, and directly compete for market share in the highly competitive and powerful grocery and supermarket industry? 

Okey Dokey Grocery Market, had grand plans to quickly explode upon the South Florida scene by opening up 30 stores by the end of 2012, and plans to open at least 50 stores each year after that.  This blitzkrieg-type expansion concept was conceived by Okey-Dokey's parent company, AgroTrade.  Since AgroTrade successfully developed two food retail stores in Eastern Europe called Karusel and Pyaterochka, they planed on accomplishing the same success within the United States by first targeting the South Florida Market.
Okey Dokey Supermarket

Grocery Supermarket Concept

First, AgroTrade leased a 136,000 square-foot warehouse distribution facility in Miami-Dade County that would service their grocery markets scattered throughout both Miami-Dade and Broward County.  

AgroTrade then hired representatives to search for and find retail shopping centers in Miami-Dade and Broward County that could provide between 4,500 to 7,500 square feet of retail space for their Okey Dokey grocery markets.  According to Roy Sartin, AgroTrade's director of personnel development, "Our goal as a company is to provide every community with quality and value priced groceries in a convenient and friendly environment."

The Search For Shopping Center Locations

Around April, 2012, AgroTrade identified the Miller Heights Shopping Center, located in Miami, Florida, as one of several potential sites to open up grocery stores selling items including tobacco, beer, wine, and liquor.  Because the Miller Heights Shopping Center was in the midst of a major facade renovation project, several rental units were available, and could be combined in order to accommodate Okey Dokey's size requirement for their business.

Miller Heights Shopping Center
9375 SW 56th Street, Miami, Florida 33165
The property management and leasing at the Miller Heights Shopping Center is handled by Sharpe Properties.  According to Mason Sharpe, Vice President and General Counsel with Sharpe Properties, Okey Dokey tried to compete with well established national tenants for the same storefront locations.
"During the shopping center's renovation project, several other well known pharmacies, grocery markets and dollar stores were competing with Okey Dokey to open up at our shopping center.  Although Okey Dokey was willing to lease the location at favorable lease terms, we were concerned with the tenant's unrealistic expansion plans, and their lack of experience within the South Florida real estate market.  Consequently, we selected Dollar General to become the shopping center's anchor tenant."
Although Okey Dokey was not able to meet their lofty expansion goals, they were still able to open up at several retail shopping centers throughout South Florida.

Supermarket Sizzle Quickly Fizzled Out

According to Okey Dokey Markets' website, they are still open for business:

Twelve (12) Currently Open Stores in South Florida
  • 6 in Miami-Dade County
  • 6 in Broward County
Nine (9) Future Store Locations in South Florida
  • 3 in Miami-Dade County
  • 6 in Broward County

However, landlords and property managers of South Florida properties are now saying that Okey Dokey has already started to close up their grocery stores, and turned over their rental locations back to the landlord.  

Additionally, Oscar Musibay, a reporter with the South Florida Business Journal, recently reported within a news article  that Miami-Based AgroTrade America, whose senior executives are behind the X5 Retail Group, have notified the state that it plans to lay off 157 employees in August.

Regardless of whether Okey Dokey is able to keep some of their grocery markets and remain afloat in the South Florida area, their initial plans of directly competing with well-known grocery supermarkets such as Publix and Winn-Dixie, and national tenants such as Walmart, Target, Dollar General, Dollar Tree, and Family Dollar have quickly fizzled out.  Just because AgroTrade's concept worked in Europe doesn't necessarily mean that it will work in the United States as well.