Residential Condo Experts Expand into Commercial Marketplace

FORT LAUDERDALE, Fla., Nov. 10, 2011 /PRNewswire/ -- Pordes Residential Sales & Marketing has opened a commercial division, Pordes Commercial, that capitalizes on the firm's unique skills in positioning properties and bulk sales. The company is bringing on several new agents and selling more properties than any other firm in the market.

(Logo:  http://photos.prnewswire.com/prnh/20111110/CL04411LOGO )

Pordes has extensive experience in complex, large-scale commercial transactions. The company brokered the $125 million sale of 146 units at a luxury condominium at 2700 N. Ocean Drive on Singer Island. That deal satisfied the lender, relieved the developer of liabilities and provided the investors with a prime oceanfront property at an excellent price. The property has now been repositioned as Ritz-Carlton residences.

Other large-scale transactions include:

• Bulk sale of 98 units at NoBe Bay in Miami Beach in 2011
• Partnership to acquire, sell and market 42 condo-hotel residences at One Bal Harbour in 2010
• Bulk sale of 50 units at Fontainebleau Sorrento in 2009 and 2010
• Bulk sale of 170 units at Trump Hollywood in 2010

"Launching the commercial division was an easy decision," says Michael Internoscia, vice president of sales for Pordes. "We have completed five large commercial transactions in the past 12 months without having the division, so it was just time."

"We were already experiencing strong demand for our commercial property services," said company founder and president Mark Pordes. "Companies were seeking us out for our experience and expertise."  

Pordes Commercial has just listed a $1.75 million parcel for One West Las Olas Boulevard in Fort Lauderdale, a proposed 10-story professional office building at the corner of Andrews Avenue and Las Olas Boulevard in downtown Fort Lauderdale.

The 47,000-square-foot project will have premium ground floor retail space and nine floors of Class A office space. The units of 1,000 square feet or more can be owner occupied or leased. Units have open plans and large windows at a Las Olas address.

The building site is along Riverwalk, a short walk from the Broward Center for the Performing Arts, Broward County courthouse and Florida Philharmonic. The offices will be just 10 minutes from Fort Lauderdale-Hollywood International Airport and Port Everglades.

ABOUT PORDES RESIDENTIAL SALES & MARKETING

Mark Pordes started the company in 2010 after working for 10 years as vice president of Residential Sales for Turnberry Ltd., one of South Florida's most prestigious condominium developers. He oversaw Turnberry's portfolio in South Florida and the Bahamas including The Reef at Atlantis in Paradise Island, a condo-hotel, condo hotels Fontainebleau II and Fontainebleau III in Miami Beach, Turnberry Village, and Porto Vita in Aventura.

Pordes has more than 25 years of experience in the South Florida condominium market, working with developers and investors through up and down cycles. He has handled international sales at the prestigious Williams Island, and sales at Santa Maria on Brickell Avenue.

The firm currently manages sales and marketing for Canyon Ranch Living Miami Beach, the first residential property for Canyon Ranch Living and one of the most sought-after communities in South Florida. Pordes also has the exclusive One Bal Harbour property located at the tip of the Atlantic Ocean and Haulover Inlet between Aventura and South Beach.  

The firm's management team includes Michael Internoscia, vice president of sales, Michael Sadov, vice president of operations, and Mindy Pordes, director of business development. For more information call 786-245-8379 or visit www.pordesresidential.com.

CONTACT Julie Talenfeld of Boardroom Communications. 954-370-8999. [email protected]. http://www.boardroompr.com.

SOURCE Pordes Residential Sales & Marketing