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NAI Bahamas Realty Commercial Represents Ministry in Lease

Thursday July 31st, 2014

NAI Bahamas Realty Commercial Represents Ministry in Lease of 21,000 sq. ft. at Island Traders Building.

NASSAU, BAHAMAS – July 31, 2014 – NAI Bahamas Realty Commercial, a member of the world’s premier managed network of commercial real estate firms, announced today that it negotiated a lease of 21,000 sq. ft. at the Island Traders Building on behalf of The Ministry of Agriculture, Marine Resources and Local Governments.

“We’re pleased to have had a hand in helping the Ministry relocate their offices to a more functional space”, said Donald Martinborough of NAI Bahamas Realty Commercial. “This lease is the latest of several recent major transactions we’ve represented in The Bahamas.”

The Island Traders Building is situated on East Bay Street near the Paradise Island Bridge. The Government physically took possession of the premises on 1 March, 2014, and, under the oversight of NAI Bahamas Realty Commercial, the offices have been completely renovated to accommodate the Ministry’s needs and requirements.

Rena Glinton, Permanent Secretary at The Ministry of Agriculture, Marine Resources and Local Governments, announced the move, effective immediately. “On behalf of my Minister, the Hon V Alfred Gray I wish to thank the Rt Hon. Prime Minister and Minister D. Shane Gibson along with his staff for facilitating our relocation to such pleasant surroundings”, said Glinton. “We are confident that the numerous advantages offered by this new space will enhance the Ministry’s operations now and well into the future.”

The following departments along with the Administration of the Ministry have relocated to the new premises: Bahamas Agriculture and Marine Science Institute (BAMSI), Agricultural Land Unit and Cooperatives. The telephone number is 397-7400.

About NAI Bahamas Realty Commercial.

NAI Bahamas Realty Commercial, an exclusive member of NAI Global, is a corporate real estate services company dedicated to offering the finest commercial real estate and property management services in The Bahamas.

NAI Bahamas Realty Commercial is the commercial division of Bahamas Realty Limited, a full service real estate company established in 1949 offering a full range of services for both residential and commercial properties.

About NAI Global

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. Founded in 1978, today NAI Global has more than 375 offices around the world, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

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