CBRE Executive Vice President Tom O’Loughlin and Senior Vice President Larry Genet represented Link Logistics in a long-term lease agreement with Universal Technical Institute (UTI) at 2601 SW 145th Avenue in Miramar.
The standalone ±83,200-square-foot building is located within Link’s Miramar I-75 Distribution Center and was most recently occupied by Comcast Corporation.
Jim Sadler and Kari Hartman of Keyser represented UTI in the transaction with local expertise provided by George Pino, President of State Street Realty.
“This was truly a win-win transaction for both parties,” commented O’Loughlin. “Link was able to enter into a long-term lease agreement with a single tenant while UTI was able to satisfy numerous criteria for their particular use. Both parties got creative to get this deal finalized in record time. Working with an asset management team led by Eric Penaranda with Link, and having Jim Sadler, Kari Hartman along with George Pino locally on the tenant side made it all possible. Everybody in the transaction provided great expertise and are true professionals.”
The former tenant, Comcast Business Service, vacated the building only 60 days prior to Link signing with UTI. The location will UTI’s 14th location and employ around 50 people.
This deal exemplifies the insatiable demand for industrial real estate in South Florida.
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