CBRE has arranged a long-term lease between Clarion Partners and Gold Coast Freightways for a 230,600-square-foot, Class A distribution building in Weston.
Gold Coast Freightways, a less-than-truck-load carrier with corporate offices and six terminals in Miami, leased the facility.
CBRE represented the owner, Clarion Partners, in the lease.
“The ability of Clarion Partners to creatively structure the lease created a win-win solution for both tenant and landlord,” said CBRE First Vice President Tom O’Loughlin. “The tenant initially occupied half of the building and will now take over the entire space. The facility offered many of the features Gold Coast Freightways was seeking and allowed a deal to be structured in a way to maximize the value for all parties.”
“Clarion Partners is excited to grow an existing tenant within its portfolio,” said Clarion Partners Vice President Jesse Harty. “CBRE and Luis Marquez of the Casal Group were able to work together to achieve the objectives of both, landlord and tenant. We look forward to a long-term relationship with Gold Coast Freightways.”
CBRE Senior Associate Larry Genet collaborated with O’Loughlin in leasing the property. Genet was recently named “Rookie of the Year” at the 2015 NAIOP South Florida Awards of Excellence ceremony held in Fort Lauderdale on March 12, 2015.
Gold Coast Freightways was represented in both transactions by Luis Marquez of the Casal Group.
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