Broward County Industrial Development Moves Forward with $33M loan
CBRE’s Tom O’Loughlin, Larry Dinner and Larry Genet are the leasing agents for the project.
CBRE’s Tom O’Loughlin, Larry Dinner and Larry Genet are the leasing agents for the project.
“As Port Everglades Distribution Center was nearing completion, Challenge Warehousing initially agreed to terms to lease half of the new building. Within one month of leasing 41,099 square feet, Challenge won some new customers and they quickly decided to lease the entire building,” explained Conte.
The property is expected to be completed in February 2023.
Butters Realty & Management office team of Caroline Fleischer, Darcie Lunsford and Sky Butters represented the tenant.
Seasoned real estate veteran Scott Sherman has officially launched Torose Equities, a Miami-based real estate investment firm with a value-add urban retail, office and mixed-use strategy targeting the Southeastern United States.
CBRE’s Larry Genet, Tom O’Loughlin, and Noah Ohayon negotiated the sale.
Here are the most popular news headlines this past week on CRE-sources.
The company only plans to use about half of the space to house a showroom and its headquarters, now in Pompano Beach and sublet the other half, subject to the landlord’s approval.
The 159,722-square-foot, 9.2-acre property built in 1989 last sold in 1996 for $7.2 million.
Chris Metzger, Rick Etner Jr., Christopher Thomson, and Matt McAllister of Cushman & Wakefield’s South Florida Industrial Team represented the landlord in the lease negotiations.
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