Wellington, FL – December 22, 2011 – There is no project too big or too small for the Shapiro-Pertnoy Companies. Although their primary focus for 34 years has been residential building and development, Shapiro-Pertnoy reaches beyond the norm, designing and building commercial projects as well. Their unrivaled standard of service and mission to find the best value for their customers is apparent in every project they undertake, including their commercial properties, tenant improvements and renovations.
Principals Steven Shapiro and Ronnie Pertnoy built Wellington’s Commerce Park, and it proved itself a gateway to the diversification of the Shapiro-Pertnoy Companies’ real estate interests. “Everyday as we lived and breathed building houses for affluent people, we were also quietly developing a variety of commercial projects around South Florida,” Pertnoy explained. “At one time, while building some of the most noteworthy homes in the region, we built, owned, operated and managed over 500,000 square feet of warehouse, shopping center and office buildings.”
The Shapiro-Pertnoy Companies truly shine as a commercial builder because their experience stems from building residences. This experience allows for a more sophisticated and finer style of commercial property. “To build a warehouse for somebody is a fairly simple thing. Most commercial builders can do that with their eyes closed,” Shapiro stated. “In order to finish a Class A office for a tenant with high-end finish requirements, one requires skills beyond the average commercial builder. We draw on our years of luxury residential finishing to produce a finer finished product. We have always been able to balance both aspects of the building industry.”
The Shapiro-Pertnoy Companies are the developers and landlords of the Chancellor Corporate Center located on South Shore Boulevard in Wellington. Although the site was originally planned to host a hotel, Shapiro-Pertnoy saw the inherent risk involved with a seasonal structure, and changed the concept. At the time, there was a requirement in Wellington for a more sophisticated office building, and the plans changed to two 25,000 square foot office buildings and a shopping center. The Chancellor Corporate Center became the primary Class “A” suburban office project the city needed.
“Tenants began flocking to the new offices before its completion,” Shapiro described. “It became obvious that professionals were looking for more modern and sophisticated office space. The buildings remained fully leased until the recent downturn. And although we just have a few spaces available, it’s just a matter of time until all of the offices are entirely filled again.”
Due to the success of the Chancellor Corporate Center, the Shapiro-Pertnoy Companies began designing larger buildings for the north-end of Palm Beach County. Acquiring a parcel in Palm Beach Gardens, Shapiro-Pertnoy commenced the design for two 40,000-square-foot buildings, Latitudes in the Gardens. When the office market in Palm Beach County plummeted a few years back, the project was put on hold; however, due to some unexpected changes, the parcel is being redesigned into a larger, better planned office campus.
“We are looking to reach out to a different demographic of office professionals,” Pertnoy said. “Palm Beach Gardens is the prime area for science, health and education. We decided that although we weren’t going to become dependent on that demographic, it is definitely a field that is continuing to expand and grow. Our medical-related facilities will hopefully rival others offered. It is the perfect place for all things science and education in North County.”
The Shapiro-Pertnoy Companies recently completed a 10,000 square foot medical renovation for the Medical Center of the Palm Beaches and a 10,000 square foot clubhouse and private gun club as well as a 7,500 square foot service building for the South Florida Shooting Grounds. Whether it involves clubhouse renovations, fitness facilities, offices, warehouse buildings or retail, the Shapiro-Pertnoy Companies can do it all.