CBRE Negotiates Sale Of Small Bay Industrial Asset
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin, along with Industrial Real Estate Associate Sam Koss, negotiated the sale of the two building industrial warehouse.
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin, along with Industrial Real Estate Associate Sam Koss, negotiated the sale of the two building industrial warehouse.
The CBRE team has been retained to handle leasing for the property. Built in 1999, the single-story building features 24-foot clearance and three dock-high doors as well as a ramp.
The project is being marketed for lease by the CBRE team led by Tom O’Loughlin, Larry Dinner, and Larry Genet.
The purchase represents the expansion of the companies’ manufacturing facility from an 18,000-square-foot location in Fort Lauderdale to more than double the space at the new site in Pompano Beach.
CBRE’s Larry Genet, Tom O’Loughlin, and Zack Krawiec negotiated the sale.
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin represented the seller, New York-based Imperium Capital, in the transaction.
CBRE’s Larry Genet, Tom O’Loughlin, Noah Ohayon and Zack Krawiec negotiated the sale.
The tenant will be relocating and expanding from its current location at Miramar Park of Commerce.
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.
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