DELIVERING FOR USPS
October 13, 2011
By: Bisnow Staff

In an effort to unload some primo real estate and pocket a little coin, the US Postal Service has tagged Studley managing directors Marc Kantor and Dave Booth to market several post office locations in desirable spots like Hallandale and North Miami, the duo tells us exclusively. ...

... USPS is trying to monetize its well-located assets because the current locations are not being used to the highest and best use. Marc and Dave anticipate more USPS properties coming to market in South Florida and they’re both excited about the development potential of these sites. ...

... Dave tells us the Hallandale post office is on a nine-acre lot directly across the road from Gulfstream Park Racetrack & Casino and the upscale 1M SF Village at Gulfstream. The potential uses for this site could run the gamut, Dave says. “With nine acres, an owner could do a small grouping of two to four restaurants with a CVS-type store or a significant multifamily development,” he says. ...

Link to article