The Butters Realty & Management Industrial Brokerage Team of JC Conte, SIOR and Brian T. Ahearn, CCIM represented the interest of Challenge Warehousing, Inc. in the transaction. Tom O’Loughlin and Larry Genet with CBRE represented the Landlord, Link Logistics.
Tom O’Loughlin of CBRE represented the landlord, GPT SW 12TH AVENUE OWNER LLC, in the lease deal.
He joins Berger Commercial Realty with a background in digital marketing and supply chain management.
The load bearing, tilt-wall structure is scheduled to be delivered in the second half of 2023.
The lease is for a 13-year term.
SMITH Commercial Real Estate Group intends to expand in market share and relationships and become the premiere boutique industrial and commercial real estate brokerage in South Florida.
The deals are valued at over $55 million.
The Park consists of approximately 530,000 square feet of small and midsize dock height and street level office / warehouse bays situated on approximately 30 acres of land within a designated Foreign Trade Zone and is comprised of one of the most diverse mixtures and configurations of warehouse units of any industrial park in Broward County.
The site includes two existing industrial buildings totaling 14,605 square feet, leaving plenty of room for future office or industrial development. Its proximity to I-595, Fort Lauderdale International Airport and Port Everglades make the site highly desirable for commercial users.
Several substantial leases have been signed recently totaling more than 130,000 square feet.