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Real Estate Newsletter for the South Florida Area

real estate marketing, property exchange, special services

Real Estate Marketing

Florida property owners, investors and real estate developers turn to Reichel Realty to take on the most challenging real estate marketing assignments. Clients benefit from our realty companies out-of-the-box thinking and entrepreneurial spirit in needs as diverse as land assembly, regulatory approvals, environmental permitting and re-construction. Reichel also has extensive experience managing workouts for lender foreclosures and bankruptcy matters.

Case Studies

Fast-track Sealed Bids

When Republic Security Bank decided to market its property for redevelopment and lease back of a banking center, Reichel recommended a negotiated sealed bid process which created seven (7) qualified buyers within four (4) months of the listing date and a cash closing at full asking price which was thirty six percent (36%) over the seller's own in-house estimate of value.

Land Assembly

Eckert Drug Store, Lake Worth, FL
Eckerd Drug Store
Lake Worth, FL

Reichel Realty initiated a land assembly that significantly boosted five different property owners' values. Handling zoning and annexation issues, Reichel created a site suitable for sale to an institutional apartment builders group.

Lake Worth got its first new major downtown building in years and property owners got higher returns - as Reichel assembled three properties and handled zoning issues for a site that is now home to a new, freestanding Eckerd drug store.

Environmental Issues

When faced with the complex challenge of a property burdened with environmental liability issues, Reichel successfully negotiated the federal and state Environmental Protection Agency settlement that paved the way for the sale of the 80,000 square foot former manufacturing facility.

Wabasso multi tenant office warehouse
Wabasso
Multi tenant office warehouse project
West Palm Beach, FL

When a 76,000 square foot retail center went into foreclosure, Reichel Realty was called on and engineered the property's turn-around. It handled re-leasing, major construction rehab and remediation of asbestos and dry cleaning contamination. A sale was later negotiated for the note and mortgage for its institutional owner.

Negotiated lease buy-out

Reichel's creative strategies helped Home Depot, a major national retailer; negotiate the buy-out of a long-term lease at a vacated shopping center.

Tax Free Exchange of Properties

Reichel Realty utilizes its long history of experience to benefit owners. For an out-of-state investor, tax-free exchange was the route to purchasing an 83,000 square foot office/warehouse project. In another tax-free exchange, Reichel exclusively represented an institutional investment group with management, lease-up, rehab and sale of a 130,000 square ft. mixed-use office/warehouse, retail and mini-storage facility.

Managed Workouts

For out-of-state institutional investors, Reichel handled the management, rehab and lease-up of a 232-pad R.V. Park in Ft. Lauderdale, taking it from a distressed project into a viable successful income property that was then sold by Reichel at full asking price.

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