The Butters Realty & Management Industrial Brokerage Team of JC Conte, SIOR and Brian T. Ahearn, CCIM represented the interest of Florida Freezer Limited Partnership in its long term lease at 18770 NE 6 Avenue in Miami.
Back in October 2019, the Butters Industrial Team started working with Florida Freezer as their exclusive tenant/buyer representative. Conte and Ahearn were hired to help Florida Freezer understand and develop a strategy for their desired cooler and freezer expansion in the Southeast Florida industrial market.
Florida Freezer is a family owned and operated company with over 50 years in the transportation and warehouse industries. It’s owners and staff are dedicated to providing cost effective and efficient service for all of their logistical needs. The original North Fort Myers facility opened in 1986 and was acquired by Florida Freezer in 1988. Since then, they have grown as their clients have grown. Working with their commonly owned affiliate, FLGO Freight, they first added refrigerated trucking services in 1994. They then added lift gate/white glove delivery services in 2007. In 2010 they opened a cross docking operation in Sunrise, FL, and then added a dry warehouse in Lakeland, FL in 2016. In 2018 they opened their first freezer warehouse in Miami, FL. Most recently, at the request of their clients, Florida Freezer launched a logistics/freight brokerage service in 2020. Their future looks bright as their clients continue to grow and they seek their next round of expansions. Their team of professionals can take care of your transportation and supply chain needs around the United States and Canada.
“We initially toured the market on various occasions in the hopes of buying either a development site or a redevelopment site,” explained Conte. “After much number crunching, it became increasingly clear that an existing lease opportunity with existing cooler and freezer space would be the right way to go. So, through much perseverance, we patiently waited, and the former Southeast Frozen Foods building presented itself as a viable Cooler – Freezer in place option. We quickly came to terms with Ivy Realty and their CBRE brokers, Larry Genet and Tom O’Loughlin. We negotiated with Genet, Senior Vice President for CBRE, who everybody knows as “deal machine.” Mr. Genet and Mr. O’Loughlin are both exceptional industrial brokers, very professional, super responsive and big picture type guys. Brian and I are very pleased to have completed another very meaningful transaction for our respective clients with Larry and Tom.”
Ivy Realty, Florida Freezer’s new landlord, was founded in 1996 to acquire commercial real estate in the northeastern United States and later expanded into southeastern Florida. Since their inception, they have built a reputation as one of the finest real estate operators in the market having acquired over $1.5 billion and 11 million square feet in commercial real estate assets. The company employs a patient and focused investment strategy concentrating in areas where they have superior market knowledge and value-added relationships. This focus enables their operating company to uncover and create value at the asset level. Their “on the ground” presence is essential in enabling them to consistently outperform the macro market and deliver superior returns to their investors.
Cynthia Rich, Senior VP–Asset Management, Ivy Realty is a real professional and a pleasure to work with,” said Ahearn.
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